Welcome to the Dinar Guru Archives...
4-6-2016 Intel/Newshound Guru Mnt Goat The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first. Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
4-6-2016 Newshound Guru Stryker It was posted today on the Arabic side of the CBI website but dated on the 4th of April, the announcement and Declaration of the Central Bank's launch of National Bonds in Iraqi Dinars on behalf of the Minister of Finance and ending on April 14th. These will be in 5 categories: 100,000/250,000/500,000/1,000,000/5,000,000. Could these be Domestic Denominated Bonds? It sure looks that way but we will soon find out because it looks like they will be offered through the ISX!
4-6-2016 Newshound/Intel Guru BGG Article: "Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki First Published: 2016-04-06" I was reading something of a vague attempt - brewing for a while now...all of this came to a boiling point on the 3rd - when the Supreme Court came down with a ruling that Abadi can do what he's doing...the crooks are fighting like made to keep their status quo...
4-6-2016 Newshound Guru Islandg1211 Frank [Guru Frank26] and teams got this right: "Article 140 is effective because of the recent financial budget which granted it." Go Budget! Go HCL! Go RV! Go April 2016!
4-6-2016 Newshound Guru Millionday Quote: "Presidency of the Kurdistan Regional Government Bachirvh form a special joint committee and the exchange of foreign currencies Baerakip." SO AS WE SEE --- BARZANI HAS FORMED A COMMITTEE IN --- KURDISTAN --- FOR THE >>EXCHANGE PROCESS OF THE IRAQI DINAR...WHOOOPOW.
4-6-2016 Intel Guru Frank26 ...the CBI is ready to announce Dr Shabibi because they were given his resume...and you are about find out...IOO that Allak says he resigns...the RI we have been experiencing for...about 8 months now...the RV...IMO...is next and it is going to start the moment that Dr. Shabibi proclaims who he is, what he is, and what he’s doing...he needs for them to LAUNCH the Monetary Reform. This is like a fire cracker…when you light the fuse...that was the RI...it is the big bang...the explosion that comes afterward that is the explosion of the rate...that is the RV. We believe IOO that once Dr. Shabibi talks to you that it will be 10 days to 3 weeks to finish things. It was the IMF who announced the “plan” for Iraq by the middle of 2016….they have the child by the ear. We believe the IMF will not lie to us…this is good news. [post 2 of 2]
4-6-2016 Intel Guru Frank26 Dr. Shabibi will be giving a press conference very quickly...the only way it can go out with what he needs to tell you is if he is the governor of the CBI...then he can proclaim any change in rate of their countries currency...we needed SECURITY...we got it...we needed our banks...we got them...we needed Dr. Shabibi back...he’s coming...we need something that was moved electronically to be moved physically...but we really don’t need it...Abadi got EVERYTHING he needed. 15 cabinet members have been given to Abadi as a GO...they are ready to go in the GOI... [post 1 of 2....stay tuned]
4-6-2016 Newshound Guru Millionday Quote: "...the IMF was "on alert, not alarm," Lagarde said, urging major powers to accelerate structural reform, maintain accommodative monetary policies and invest in infrastructure." THIS WAS CL [CHRISTINE LAGARDE] FROM IMF ACCORDING TO REPORT. NOTE -- THE IMF IS >>>ON ALERT...NOT ALARM -- ALERT -- WHOOPOW. ASKING TO SPEED UP REFORM -- OBVIOUSLY FOR ECONOMIC STABILITY FOR THE GLOBE BY THIS DATE PLEASE >>> "She urged "decisive action" ahead of a meeting of leading advanced and emerging economies in Washington on April 14 and 15."
4-6-2016 Intel Guru Bruce What I am hearing from certain bank sources very high percentage almost 100% this going down very shortly. WE are very close...It is a process...It looks like we are at the end...now we see what happens.
4-6-2016 Intel Guru Delta It is the IMF that is in charge and...they will be making the decision on the CBI governor, [ I ] feel it will be Dr. Shabibi... he will in all likeliness come back to finish what he started...and then he may desire to retire...as he does the work he needs to finish things don’t forget he will have the IMF helping along, due to the contract they have with Iraq until the end of 2016.
4-6-2016 Newshound Guru Kaperoni [Are we confident that the new plan is a float?...] The dinar is currently pegged. They are not moving to a peg. What they will do is move to a float to allow the dinar to rise based on supply and demand. Whether that is a free float or some form of basket is yet to be determined.
4-5-2016 Intel Guru Frank26 last night...Dr. Shabibi turned in his resume to the international world...Dr. Shabibi has been the governor of the CBI all along...he was dismissed by Maliki in 2012 but he remained the governor of the CBI all along...and he worked on the Monetary Reform of his currency...of his country that he loves and cares for all this time...So may I suggest to you that Dr. Shabibi handed in his resume...these are my qualifications for being the governor of the Central Bank of Iraq because maybe Allak is now ready to hand in his resignation and say good bye...just as we told you...we said ...that he would be there...that he will take the helm...what are you thinking of doing Dr. Shabibi...well maybe I come back and stand on that soapbox and make an announcement...tell the people...I love ya...and I tell them to get their RI set because the RV is next... [post 3 of 3]
4-5-2016 Intel Guru Frank26 I love that many oil companies are in Iraq digging, exploring, and drilling in Iraq even more than before. Something has enticed them to reach deeper into their pockets for Iraq and for themselves as international companies. Iraq has disrespected the international world for the last 10 years with all of the gifts and the alms that have been paid at their feet, it is time to pay up Iraq. You are primed to enter Article 8 of the IMF in the first half of 2016...you are now officially weaned. The RI...the Reinstatement of the currency...the preparation...all of that is what is going to allow them to enter into Article 8...oh my word…they got all these things done. Let’s start the reconstruction... raise the value of your money...because the loans are not for that part...that is not the deal...the new math is for that part. [post 2 of 3....stay tuned]
4-5-2016 Intel Guru Frank26 ...so will Iraq comply with the IMF to do a few things by the end of the first half of 2016...well I see them running to this position far more than I see them delaying ...it is impressive fighting corruption and prosecuting became an eruption and it has succeeded. But laws are ready to dominate because many reforms have already commenced...weeks and months ago in Iraq without them telling you...reforms are marching...I can tell you very clearly that Abadi got what he wanted...he got all his reforms...IMO...you see the evidence of it...banking systems...MasterCard...bonds actually being sold...and so on...this is HUGE. [post 1 of 3....stay tuned]
4-5-2016 Newshound Guru tlar Article quote: "Rafidain Bank announced on Tuesday for the bank to sell the dollar directly through its branches in Baghdad and the provinces, while confirming that the selling price will be as specified by the Central Bank of Iraq." This is, again a smart move by the central bank. If an Iraqi can buy the dollar at the bank for 1182 he would be stupid to pay a street rate of more than that. This should clean up the difference between the street and program rate pretty quickly in the cities of Bara and Bagdad. It should almost take the middle out of the picture in most populated areas. This should have been done months ago but either way, it is another smart move by Keywords CBI. It does make you wonder how an uneducated man with no experience in banking can have come so far so fast. Great advisors no doubt (Shabibi).
4-5-2016 Newshound Guru Breitling People always ask why is it they have not revalued their currency? Well it’s because they have a fantastic insurance policy. It’s called the US dollar…right now they are not getting as much as they used to. Even if the price per barrel goes up they still have to make up for what they lost. That’s where they are being cornered and being pushed to add value to their currency right now. That’s why it’s such an awesome time to looking at the dinar and being in the dinar because of that type of pressure.
4-5-2016 Newshound Guru Islandg1211 ...the PTB hadn't backed the RV until last Fall, and...they had set a target date in April. As a result of their decision, everything had to be set in motion. Orders for the US to lead the attack on ISIS - particularly their money, oil, leadership had to be targeted. Mosul somewhat liberated. Fully formed government in Iraq. Laws passed. Corrupt gone. Corruption world wide exposed with accounts frozen before the RV. Shababi back. Frank [Guru Frank26] and teams and the news articles themselves are showing us the plan in its entirety being completed on schedule.
4-5-2016 Newshound Guru rcookie Article: "Economic Adviser to the head of Government is the financial reserve "well" in the shadow of the economic crisis" ...powerful article out this morning that outlines...about cbi reserve status...iraq is completely on goal with where imf projects their reserves to be...under table 2 of the imf smp..loi/mefp/tech mou...from the years 2014-2018...and actually through 2020...this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status...they are exactly on goal...
4-5-2016 Newshound Guru Kaperoni Article quote: "Great credit is due to the many aspects of the development of the Iraqi banking system and monetary policy in the current day to Dr. Shabibi..." This guy is clearly pro Shabibi and deservingly so because he was a well liked and intelligent man who accomplished quite a bit for the banking system in Iraq. I want to draw attention to the part where he raised the value of the dinar from 3000 to $1 to 1200 to $1 gradually. I believe this is the same plan for when the market economy is launched. And it did not take long for the CBI to accomplish this. The final step will be to raise the dinar from the current 1182 to $1, to 1 dinar to $1 or about removing the zeros during the process. More importantly it shows it is possible without much fanfare. Also, it is important that Iraq never suffered from hyperinflation as some have stated. This is important because that is the basis for many who believe in a LOP theory. Iraq's inflation peeked at or around 33% well below the requirement of over 50% to meet the definition of hyperinflation. These are good facts to keep in mind when we start to sway. Keep the faith, let it come to us. The dinar will rise once the new government launches to market economy.
4-4-2016 Intel/Newshound Guru Mnt Goat So what will happen once Shabibi is back within the CBI? Recap back to 2015 - I was told that the plan is to begin the launching of the lower denominations almost immediately, something that was planned for and was supposed to happen in early December of 2015 and we were supposed to have the final RV by the end of 2015. This is factual news. We know this did not happen then and has been still on the plan since only a new target was moved out. So the good news is this current information confirmed all the news we heard back then...I am also hearing they are pushing strongly to adhere to their mid March to mid April target timeframe for the currency reform (the RV window I gave you over two months ago) and moving to Article 8 of the UN charter. Today is April 4th already and so there is less than 2 weeks remaining to complete this task. I am hearing they are going to make a major push this week and this week may go down in history. [post 2 of 2]
4-4-2016 Intel/Newshound Guru Mnt Goat I checked in with my Iraqi CBI contact over the weekend...I was told that there is a main effort now underway to reform the CBI and bring back Dr Shabibi as the formal head of the controller for the national bank. ...They told me this effort has been underway now for over 3 weeks and is now at a point they must make this change. I was told the plan is now to have Shabibi in a news conference within the next couple days. He will announce his return and make a broadcast speech to the nation and global community. So we should expect articles and maybe even a broadcast of this on the major news channels such as CNN or FOX news. Has Ali al-Allaq (proxy CBI governor) resigned? YES and officially over this last week the CBI has not had an acting governor. [post 1 of 2....stay tuned]
4-4-2016 Intel/Newshound Guru tman23 Remember...they do not need the cabinet seated to change the currency (lift the zeros)... They only need to have it in the process...
4-4-2016 Intel/Newshound Guru Mnt Goat Right now we are soooooooo close to the end of this RV saga, we all should be praying, praying and praying more that nothing goes wrong to stop the plan they have been moving towards now since the fall 2015 and that is about to conclude. It is almost at the conclusion. Right now the picture is looking really good from my standpoint...
4-4-2016 Newshound Guru Millionday ABADI HAS STATED THAT FROM THURSDAY TO 10 DAYS IS WHAT PARLIAMENT HAS TO VOTE IN NEW CABINET...NOTE -- THIS IS PART OF THE REFORMS PLANNED ACCORDING TO REPORTS.
4-4-2016 Newshound Guru wmawhite ...the Kurds wanted 20% of the new cabinet (GOI) positions. PM Abadi's list had the Kurds filling 2 positions...the Kurds ALWAYS never agree to anything until after the deadline has passed. P.S...20% of 16 ministers is 3.2...IMO, Abadi knew this was coming and it will be a process that he (Abadi) is extremely good at doing.
4-4-2016 Newshound Guru Millionday Article quotes: "The Iraqi Parliament officially opened, yesterday, all doors for international relief to help rehabilitate and reconstruct infrastructure of cities liberated from Daesh’s upper-hand." "The cabinet voted a few days before UN Secretary General Ban Kimoon, President of the World Bank Jim Yong Kim and President of the Islamic Development Bank Ahmed Mohammed Ali had paid a visit to Iraq. The bank leaders announced granting 250 million dollars in financial aid for reinstating stability in freed zones." THE WORLD BANK>>>THE UN >>>THE IMF HAS MET WITH PARLIAMENT ACCORDING TO REPORTS. THIS IS THE ANNOUNCEMENT FOR PROJECTS OF INFRASTRUCTURE AND REBUILD --- THIS IS MASSIVE -- THE REBUILD BEING FUNDED -- FINALLY... GLOBAL HUMNITARIAN HELP FOR REBUILD... SO OBVIOUSLY A HUGE ANNOUNCEMENT TO SAY THE LEAST...WHOOOPOW.
4-3-2016 Newshound Guru wmawhite [so you're thinking the IQD will be international but just may not be exchangeable in all countries at first.] The IQD is international today. However, it is not accepted throughout the world's inter-bank system because of several factors that Iraq is correcting today. Once Iraq moves into full compliance of Article 8, bank/countries will be quicker to trade/exchange use it. [How long do you think it will be before they finish correcting these last few issues for Article 8?] The IMF opinion is much more reliable than mine and they told the world that they expect Iraq to enter the world economy market during the 1st half of 2016...I read that statement as the answer to your question...the IMF actually stated that Iraq "will"...did not read as "guess"...I feel great about what is happening...I expect over the next couple to few weeks more huge news about the CBI...the monetary reforms...the IQD. Will it be exactly what so many are looking for...don't know, but IMO what we want is coming our way.
4-3-2016 Newshound Guru Islandg1211 You can sense that the Monetary Reform is going forward smoothly now... I didn't agree with last year's expectations of an RV, because although the IMF gave Iraq the "Green Light" they told Abadi to "get his act together," and left him on his own. Without US support, and with the same corrupt ministers, ISIS, oil prices crashing and Iranian influence, Abadi didn't get very far. But, then things changed. Finally, the PTB stepped in - all in. And they do have a lot of control over the MR. We can saw them influencing Iraq through the LOI [Letter of Intent] and now the loans. This is a change. Also, the IMF prefers April for RVs. When I saw the LOI with the IMF, troops in full combat to take back Mosul, and the PTB pushing the reforms every way they could including the Clerics, I felt that finally, now, the PTB think its a go. So I do too.
4-3-2016 Newshound Guru wmawhite Interesting that there are many groups/entities surfacing that are not just in Iraq, but they are from many other countries; ready to do business with Iraq...this why I continue to believe that the first evidence of this manifesting will come from Iraq's regional business partners.
4-3-2016 Newshound Guru Breitling Is Iraq’s currency recognized internationally? Absolutely it is. Every country’s currency is recognized internationally. It goes back to, “Is the currency a scam on any level at all?” No, it’s a countries currency. We can speculate if it’s going to up or down in value. There’s nothing wrong with that at all. Iraq simply wants to get is currency back to the value it had before…They have to stage it correctly to do that…they just can’t throw numbers around…they can ruin their own economy if they pull the trigger too fast.
4-3-2015 Newshound Guru rcookie iraqi economic forum launches sunday night...in amman jordan...attendees included unions...organizations and boards of private sector both inside and outside of iraq...iraqi national business council in jordan...iraqi national business council and council of iraqi work in abu dhabi...and iraqi council of lebanese businessmen as well as iraqi council in britain.... wow!!... wow!!.. wow!!
4-3-2016 Intel/Newshound Guru tman23 ...PM Abadi authorized the Kurdish faction in the Iraqi parliament to send the list of their candidates for ministerial positions in the new cabinet... THIS MEANS THAT ERBIL AND BAGHDAD HAVE A POLITICAL AGREEMENT IN PLACE...ABADI DID NOT DARE PLAY CHICKEN ON THIS ONE WITH ERBIL...THE CLOCK IS TICKING AND ABADI IS ON THE HOT SEAT... VERY GOOD NEWS!
4-3-2016 Newshound Guru mike Article: "Electronic payment reduces the risk of hoarding money" I think this is a good idea, it would be a great idea if Iraq had the infrastructure to support an electronic payment system. Let's face it, these guys don't even have electricity 24 hours a day to facilitate these kinds of transactions, let alone the POS system to make it happen. I'm not saying it's impossible to do this in the ME, Kuwait, Jordan and Isreal all have comprehensive POS systems in place and used regularly, it's not that way in Iraq, at least not yet. In the end, I see the citizens going to the banks and withdrawing their salaries from the smart cards and converting it into cash and going about their business. I hope I'm wrong.
4-3-2016 Intel/Newshound Guru tman23 "...After the Iraqi PM Haider al-Abadi presented a list of 16 candidates for the upcoming technocrat cabinet, one of the Kurdish figures dropped out today. Nizar Muhammed Saleem Doski, from the Kurdistan Region, announced his withdrawal from the candidacy for the position of the Iraqi Oil Minister. He explained that with the lack of a political agreement between Erbil and Baghdad, he cannot take the position..." THE STONEWALLING BEGINS...AND QUESTION IF ABADI IS GOING TO BE ABLE TO IMPLEMENT HIS CABINET WITH IN THE 30 DAYS.
4-3-2016 Newshound Guru rcookie THE OIL ARREARS ARE IN THE 2016 BUDGET...AGAIN THATS WHAT MAKES THIS YEAR...AND THIS BUDGET COMPLETELY...COMPLETELY DIFFERENT THAN ANY OTHER...EVER...EVER...
4-3-2016 Intel Guru Delta Article quotes: "The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund." "The International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the currency and honoring debts." I BROUGHT THIS ARTICLE FROM 2012, IT'S VERY CLEAR NOW THAT IN ORDER FOR IRAQ TO GET THE LOAN THEY HAVE TO IMPLEMENT WHAT THE IMF TOLD THEM TO DO, ALSO ONE OF THE REFORM IS THE CURRENCY. THE IMF SAID THAT THEY WILL GIVE IRAQ $15 B OVER THREE YEARS. THE FIRST $5B WILL BE BY JUNE, IN ORDER FOR IRAQ TO GET THE MONEY THEY HAVE TO ACT VERY FAST.
4-3-2016 Newshound Guru firefly [...what are they waiting on?] It will get done when maximum benefit is attained...and NOBODY knows what the exact date is...period.
4-2-2016 Newshound Guru rcookie ABADIS SPEECH TO PARLIAMENT WAS AWESOME! SADR COMPLETELY PACIFIED...CALLED ABADI HIS COURAGEOUS BROTHER...ABADI THANKING SADR FOR STEADFAST OVERSIGHT OF PEACEFUL PROTESTS...IT IS AMAZING...HISTORIC...!
4-2-2016 Newshound Guru Backdoc ...I WANT TO SAY I'M EXTREMELY CONFIDENT THAT SOMETHING HISTORIC HAPPENED LAST SATURDAY! I WOULD BE VERY SURPRISED IF SOMETHING OF REALITY DOESN'T SHOW ITS SELF IN THE COMING DAYS! TOO MANY FACTS AND THINGS COMPLETED TO HIDE ESPECIALLY WHEN WORLD GOVERNMENTS ARE ABOUT TO IMPLODE FINANCIALLY! LOOKS LIKE IRAQS SHIA BROTHER [IRAN] IS JUST ABOUT CAUGHT UP AND READY TO LAUNCH AS WELL!
LOOKS LIKE IRAQ WON'T BE NEEDING TO DRAG A FOOT ANY LONGER ON THE MONETARY REFORM BIKE! IMO.
4-2-2016 Newshound Guru Tlar Article quote: "...al-Abadi, on Saturday, the Integrity Commission to take legal proceedings regarding the grave by an agency investigative journalism...which revealed the involvement of senior Iraqi officials in the state in corrupt deals and kickbacks related to oil contracts during the period of Governments the former, while calling the judiciary to do with "immediate prosecutions." Shahristani, your number is up and of course we know this will lead to the big head himself. I hope they follow through with indictments this time. The integrity commission and the judiciary are running out of excuses as to why arrest warrants have not been issued against these two, Shahristani and Maliki. This just may be the straw that broke the camels back.
4-2-20216 Newshound Guru rcookie they are going to have a hard time not approving these guys...THESE ARE NO NONSENSE SERIOUS ACADEMICS AND TECHNOCRATS WITH AMAZING CV'C AND CREDENTIALS THAT WILL BRING CREDIBILITY AND PEDIGREE TO THEIR MINISTRIES...THEY WILL DRIVE AND OVERSEE THEIR SPECIFIC MINISTRIES AND GENERAL MANAGERS... AND FOR ONCE AS ABADI STATED IN HIS SPEECH... ACCOUNTABILITY AND TRANSPARENCY....
4-2-2016 Intel/Newshound Guru Mnt Goat So the next chess move rests with parliament as they now have 10 days and the “ball is in their court”. According to the constitution, they must to ratify or reject the candidates posed by Abadi within this period of time. We wait and see what happens. This brings us to April 10th. I am still firm on my mid March to mid April RV window of opportunity. It has not changed. We still have time for all the work to be done to conclude the needed tasks. I am a bit skeptical it will all occur but this is their new target timeframe not mine. If not I will then have to move along to a new RV window of opportunity when they give it to me. I will first, of course, justify it and bring it to you why I feel I have to move it out. No secret sources of intel or news from the bank screens as this is all rubbish talk. We want just the FACTS. [post 2 of 2]
4-2-2016 Intel/Newshound Guru Mnt Goat I can absolutely, without a doubt tell you that there WILL NOT be any RV of the IQD this weekend. Why watch for an RV if we know there are still mandates for Iraq to complete prior to any RV. It is instead the completion of these mandates we watch and wait for as the RV is not the main objective here but just a by-product of meeting these objectives. So now at the week’s end we see a benchmark in this saga to obtain a technocratic government (an event that had to occur). We know that prime minister Abadi has met Sadr’s deadline of Thursday to submit to parliament the list of candidates to fill his cabinet... ...Abadi told everyone that after about a year he would come back and review everyone who he originally appointed as minister. He has done just this and so he does carry out his plan. Yes- there is a plan. [post 1 of 2....stay tuned]
4-2-2016 Newshound Guru firefly The CBI and the GOI are 2 separate entities...Every Central bank is its own entity. According to Iraq's constitution the Governor of the CBI has to be voted in. He/She can't simply be appointed the position...as Maliki was doing for 4 years. I don't believe all the positions are needed to fix for the reform. Remember, the only conditions the IMF gave them on Dec 22, 2015 was to get the AML and Investment Laws completed and activated. Both DONE!
4-2-2016 Newshound Guru mike Article: "Abadi adviser waving to lift subsidies on gasoline ration card and to ensure the IMF loans" This will be a very unpopular move for Abadi to make right now, the folks need those ration cards and fuel subsidies, I wouldn't be surprised to see Sadr reject this. It looks like they're trying to lower expenses and dismantle the socialist structure of Iraq but they need to get the open market economy up and running before they do it, IMO.
4-2-2016 Newshound Guru wmawhite Please...someone explain to me how is it that the parliament voting on the new minister of culture, or the minister of education, or any of them have anything to do with Iraq entering the world's economy markets? Let me give you a little hint...it has nothing to do with it... These reforms of the government of Iraq is a reform of the old way of doing business...Abadi is changing a "culture" and is setting Iraq on a new path for the future...these changes will help Iraq be successful in the future. Last October the IMF told the world about something Iraq is going to do now..."1st half of 2016"...
4-2-2016 Newshound Guru Tlar Shabs has been there all along in the background IMO. ...most likely Shabibi will not come back but there is strong evidence that Shabibi has been advising and communicating with Keywords as an article of a week or so stated, keywords asked Shabibi for his help on getting certain legislation through. ...that alone showed me that there is communication between with Shabibi and Keywords. I can also understand that until Maliki is gone or behind bars that there is good reason to keep any communication between Keywords and Shabs low key on Shabs part and to a certain extent Keywords part also. Keywords was a Maliki proxy. I am not so sure that Keywords will be removed. Either on his own or with help from somebody or some organization, he has been transforming everything nicely at the CBI in preparation to shake hands with the international banking system, including rebuilding the CBI website making it user friendly and interactive and transparent. I think he is either a pretty smart cookie or he is getting a lot of help considering he has had no formal training in banking let alone being in charge of a central bank. To what he owes his achievements so far or to who, it is still a remarkable achievement as to how well he has transformed the whole system in preparation to go international with their banks. All IMO of course..
4-2-2016 Newshound Guru mike Here's the thing, a 1500 - $1 rate will help the GOI, it would reduce internal expenses like payroll etc as much as 30%. Conversely, this will create inflation and lower the purchasing power of the citizens. So...it's a quagmire. We just have to trust that the government is going to do the right thing for its people, no worries, right?
4-2-2016 Newshound Guru rcookie JICA LOAN SIGNED TODAY....FURTHER EVIDENCE OF 2016 BUDGET IN FULL EXECUTION MODE...38 BILLIO IN CUSTOMS TARIFFS IN 2 MONTHS...ANOTHER BUDGET INDICATOR...400 BILLION IN BONDS LAST WEEK...ANOTHER INDICATOR...IMF/WB LOANS...ANOTHER INDICATOR...FUNDS GETTING TO PROVINCES... ANOTHER INDICATOR...PROVINCES RECEIVING TARIFF AND OIL REVENUE PERCENTAGES...ANOTHER INDICATOR...SHIPMENT OF 1ST GAS AND REVENUES ANOTHER INDICATOR...EUROBOND FLOATING WILL EXECUTE IN JUNE...ANOTHER INDICATOR...PAYING OF ARREARS ($2 BILLION PAYMENTS TO OIL COMPANIES IN APRIL)...ANOTHER INDICATOR.
4-1-2016 Newshound Guru Chattels As we say in the old South, Iraq may be " fixin' to get ready " to do something...what that something means for anything of significance to us?
4-1-2016 Newshound Guru Breitling When they talk about the hype [Articles]…some of the warning given out by individual states and some warning from a federal level…hey watch the hype. They are absolutely right. But. I talk about the numbers coming out of Iraq. I talk about what the governor of the CBI has stated and what’s coming out of that arena. And they stated they are going to add value to the currency. They stated what those rates were. They stated specifically on how they want to do it based on the market they are in and if there are changes they will adapt. I appreciate what some of these articles have written and what they are doing…They are just trying to warn people to just watch what’s going on…but they completely ignore what we are watching. We’re a completely different group. We’re not into hype…If you’re confused when these articles come out…because of these guys who have been caught defrauding people of their money but I want people to realize not one time did these guys get in trouble for selling dinar.
4-1-2016 Newshound Guru Tlar Article "Sadr, ending a sit - green and calls for demonstrations until the vote on the ministerial cabin" Sadr is still playing the bad guy, good guy routine. ...he is threatening the whole system of government unless they vote for change in the time alloted. Abadi and Sadr have 10 days in which to swing the votes needed and you can bet they will be meeting with everyone...they must vote by the deadline or "Sadr will go after everybody... They need the ten days and that's why they gave the names and ten days to "study". We will know in the next 9 days how this comes out. ...I am an eternal optimist so my bet is this will come out ok.
4-1-2016 Intel Guru Frank26 I Strongly believe A [Abadi] ...GOT EVERYTHING HE WANTED! This is tremendous...IMO.
4-1-2016 Newshound Guru rcookie [Did Adadi accomplish what was expected in the deadline meeting for today (Thursday)?] YES HE DID...NAMES SUBMITTED...AND POSTED...SADR PACIFIED...GREEN ZONE PROTESTERS GONE...VOTE WITHIN 10 DAYS! PARLIAMENT BACK ON SATURDAY...
4-1-2016 Newshound Guru Kaperoni Until they open the banking system, and move to Article VIII, they have to have auctions to provide a convertible currency (dollar) to pay for imports (food, appliances, vehicles, etc). The solution is to work to get the banking system done, laws passed and have a monetary policy in compliance with the IMF so they can transition to Article VIII and hope the dinar is then accepted/convertible worldwide (freedom of movement of capital). [so far 2% not in sight lol - is a float still viable?] Float can happen anytime. That is up to the CBI and one of the tools of their monetary policy.
4-1-2016 Intel Guru Bruce ...there are some security issues they are working out, but the process is moving and we are almost done. I think...the delays are over! We are on alert for the possibility of things happening. we are in the last moments. it is ready to POP! ...rates over $4 in Iraq as of today. [...where is proof? I don't see it on Forex?] ...will not show up on forex until later on. Proof is that Iraq citizens can use their cards in USA and that was rate of exchange.
4-1-2016 Newshound Guru Aggiedad77 If I may chime in on this whole Abadi Cabinet thing for a short minute or two or three...I know he brought forth what appears to be a decent list of names today...decent enough that it seems Sadr is calling the dogs off for a short while and encouraging Parliament to give serious consideration to the list of names...that by itself is encouraging IMO...Also I think Parliament made a good move today after they heard from Abadi by dismissing for the rest of this day and reconvening on Saturday to talk further about Abadi's proposal...I know...someone said they had 10 days...but really...why would they need so long...a day and half should be plenty of time to deal with names presented...So will we see some final resolution on Saturday...
3-31-2016 Newshound Guru rcookie cabinet reshuffle...names submitted...vote within 10 days...sadr happy...protesters leaving green zone by his orders...
3-31-2016 Newshound Guru wmawhite this continues to set nicely...who would have ever imagined with fighting a war in 1/3 of his country that the prime minister would take on the challenge of changing his government and upsetting the hogs at the trough. ...he could have said no the international community and joined the other hogs at the trough...but, instead, he is continuing to show the international community that he is a true leader.
3-31-2016 Intel/Newshound Guru Mnt Goat Iraq still has work to do prior to any RV of it’s currency... “THE IQD IS NOT INTERNATIONAL”. This is not why U.N. Secretary-General Ban Ki-moon and the head of the World Bank where in Iraq over the weekend. Instead they were there for a progress report/checkup from the GOI. Would like to give permission to RV? Yes- but not until all the mandates are completed and Iraq has the STABILITY and SECURITY it needs. However...having said all this I believe this does not mean we should not all be very optimistic. If Iraq could get this new technocratic govt installed and these pro-Iranian politicians (namely Maliki and his goons) out of the govt matters and prosecuted for their corruption, then we have a wonderful chance of moving forward with the economy and affairs of Iraq. I believe everything else will just fall into place and the RV is just one of the resulting events that will occur as a result.
3-31-2016 Newshound Guru wmawhite ...the ten days that parliament has to vote on these reforms is directly from their constitution...it gives all members an opportunity to make their opinion known. After which, they will vote because they all have skin in the game.
3-31-2016 Newshound Guru Aggiedad77 Article: "Major scandal ousted officials of power in Iraq, most notably al-Shahristani" Quote: "...millions of dollars spent in bribes to Iraqi officials during the period between 2005 until 2014, some obtained by Shahristani..." Some of you old-timers...may remember the oil auctions (2-3 of them as I remember) that date back to 2009...Shahristani and others were a huge part of those auctions...something didn't ring right to me back then and it is all coming to light now...better late than never...what an all-encompassing scandal this is turning out to be for sure...you can run but you cannot hide.
3-31-2016 Intel/Newshound Guru tman23 All the GOI BS aside... This past weekend was big in Iraq with visitors...give it 7 days...April 4 to see if change arrives...All the political posturing is just that...they need to deliver tangible to the citizens...The political game of musical chairs and vision of a great Iraq mean squat to the starving people... Currency has the strongest psychological impact on the people of a nation...Sunni, Shiite, Kurds, and Turkmen have no love lost between them... Come April 4th (Monday)...Abadi can be a HERO or a HEEL...and as of right now his support factor is fading fast...except with shiite alliances.
3-31-2016 Newshound Guru Kaperoni Article quote: "Handed Prime Minister Haider al-Abadi, on Thursday, the names of the new ministerial cabin closed envelope and leave the ball in the court of parliament, among the new cabinet reshuffle, 16 ministers and comprehensive consist of each Iraqi people." From reading a few of these articles this morning I see Abadi reduced his cabinet from 18 to 16 and parliament has 10 days to vote on this new line up.
3-31-2016 Newshound Guru rcookie so much CONTRADICTING INFORMATION ABOUT RESHUFFLE THIS MORNING...NUMBER OF CHANGES (SOME SAY 14 SOME SAY 9)...JAAFARI AND SHARASTINI INCLUDED OR NOT...SECURITY MINISTRIES INCLUDED OR NOT...MINISTRY TOAL [TOTAL ?] DOWN TO 18...AND SOME STATING A VOTE WITHIN 10 DAYS...
3-31-2016 Intel/Newshound Guru Poppy3 SADR IS PUTTING THE HEAT ON THEM ALL. HE LIKE US WANT ACTIONS NOT MORE EMPTY PROMISES OF ACTION AND SETTING DEADLINES THAT ARE NEVER MET. ...WE ALL KNOW EVEN THE IMF HAVE SET MANY GOALS THAT PARLIAMENT AND ABADI HAVE FAILED TO MEET. ...WATCH THEIR ACTIONS AND NOT LISTEN TO THEIR WORDS. THIS GOAL HAS BEEN ANNOUNCED EVEN BY THE IMF AND INCLUDED IN ABADI'S POST MEETING SPEECH SATURDAY EVENING TO THE IRAQ PUBLIC...THIS IS ANOTHER REASON SADR IS PISSED AND PUSHING HARD ON ALL THE POLITICAL LEADERSHIP. HIS THREATS WILL BE POWERFUL. WE STAND AND WAIT. TIME WILL TELL THE FACTS SOON.
3-31-2016 Newshound Guru firefly IMO the IMF will not be the agency announcing the change. IMO there won't be any direct announcement at all. Look for keywords not announcements.
3-31-2016 Newshound Guru Chattels Quotes: "PM will go to Parliament with an all new cabinet, not partial change, according to this statement..." "State of Law coalition just released a statement saying a completely new government will be formed tomorrow...[Thursday]." "The Prime Minister 's Office announced today that Prime Minister Haider al - Abadi will present its candidates for the Ministerial change on Thursday to the House of Representatives and the display of the vote and the vote of confidence."
3-31-2016 Newshound Guru Tlar Article quote: " ...Abadi "will present the ministerial change tomorrow, Thursday, to the House of Representatives as he promised last week, and reinforce its resolve and determination to proceed with the ministerial change and comprehensive reforms as said in his speech..." Sadr cannot hold the masses together much longer IMO without some kind of action being seen in the next couple of days...So something must break in the next 48 hours IMO. I believe the Abadi government is trying to change the government as one issue and at the same time trying to fix the economy and open it up to the world as a separate issue. In other words I see the economy opening whether or not the political issue is resolved quickly. The IMF works with many article VIII countries that have political issues and yet their currency and economy roll on. Iraq has achieved transparency and banking wise is now qualified to enter Article VIII. I think we will see it very soon. So in my mind as interesting as the politics are, they won't stop the opening of the Iraqi economy. Iraq's banks are ready. Investors are lined up. All the signs are there that this is about to go down.
3-30-2016 Newshound Guru Enorrste "Iraq paper from a class of 50 thousand dinars to support trade" [Stable enough is what the Iraqi leaders want, that is all. They are trying to bring in investment now. Did you forget the liquidity issue they have...and the reserves being depleted. They must depeg from the dollar in 2016....not 2017.] I agree... The 50k note "Approaches" the hundred dollar note in the sense that it is worth $50 while the 25k note is only worth $25. The goal is to get the value of the notes roughly commensurate with the American dollar so that the desire for the dollar will decrease. This, the 100k note will also have to be introduced. Then, when the demand for the dollar is diminished the float can commence. I also continue to believe that the goal of the IMF remains paramount and that they are in control. The pressure on Abadi to perform while the same pressure is on the parliament to act appears to me to be external.
3-30-2016 Newshound Guru rcookie so as i have stated before there is an absolutely huge initiative toward economic & financial literacy going on at every level...cbi...finance ministry with wb/imf metac workshops... gov't/islamic/private/commercial banks individualized process & services training for employees and managers...and finally at consumer level through education on banking services...bonds and newly announced isx training & education forums & workshops... [post 2 of 2]
3-30-2016 Newshound Guru rcookie so much revealed today from wb & imf...all this development loan money from international agencies... not going to be funneled through same corrupt iraqi banking and ministries...this is exactly why the banking reforms and supervision mandates were directed in the imf loi [Letter of Intent]...and why the un monitoring panel is there to make sure the budget allocations and disbursements are executed in full...remember the 2 state banks were owned by the finance ministry...which is why all of the corruption and failed development projects were facilitated for so long... [post 1 of 2....stay tuned]
3-30-2016 Newshound Guru Adam Montana ...if Iraq announces tomorrow that they have completed the HCL, they are 100% committed to securing their country and rising to a prosperous level, and the CBI states they are now paying ten cents US to the Iraqi dinar - banks will be cashing in on that, and the fiat world we live in is going to apply point #1 to your logic about economics and the like. In other words, they will ignore your opinion - and you better be ready to go along with them, because you certainly won't be fighting it. Millionaires and billionaires will be created out of thin air, just like has happened so many times in the past when a currency was manipulated. The means is not entirely important, so when someone says in a snooty voice "No RV is possible because it's never happened before..." HA! I laugh at that. Even if "no RV" has ever happened, which is to say that no currency has ever been dramatically or officially raised on the forex boards or something like that - you can't tell me that no wealth has ever been gained through the manipulation of currency. And that, my friends, is something Iraq is in a very unique position to do right now. [post 2 of 2]
3-30-2016 Newshound Guru Adam Montana 1. Governments. They don't care what you think. They don't care about your view of economics, debt, or their obligation to society. This is doubly true for Iraq and much of the middle east, where corruption is the rule and not the exception. 2. Currency. It is worth whatever someone is willing to pay for it...I want to be very clear about one thing... it's not all about natural resources. The Iranian Riyal is the prime example - Iran has the FIFTH largest reserves of the same thing Iraq and Saudi Arabia have, so how can the Iranian Riyal be over 27x weaker than this IQD we're speculating on? Could the answer be that the world trusts Iraq approximately 27x more than Iran? You bet! This comes down to a very simple concept, once you grasp it... [post 1 of 2....stay tuned]
3-30-2016 Intel/Newshound Guru Mnt Goat If Iraq could get this new technocratic govt installed and these pro-Iranian politicians (namely Maliki and his goons) out of the govt matters and prosecuted for their corruption and clean up the CBI then we have a wonderful chance of moving forward with the economy and affairs of Iraq. I believe everything else will just fall into place and the RV is just one of the resulting events that will occur as a result. This all could happen in 2-3 weeks as it is not complicated tasks... So I reaffirm the next opportunity for an RV window of mid March to mid April. We might go slightly beyond mid April but I do not (at this time) believe we will go much beyond this point. [post 2 of 2]
3-30-2016 Intel/Newshound Guru Mnt Goat The prime minister Abadi has extreme pressure to show his list of candidates and submit them to parliament by tomorrow (Thursday)... We also know that part of Sadr’s demands upon the government (maybe not by Thursday but soon) is to bring to justice these high level corrupt officials... Also we know Sadr’s had come out earlier and stated he demanded that the CBI be cleaned up from all corruption too and the proxy governor also be replaced to a more technocratic position (and recommended Dr Shabibi return). I believe this does not mean we should not all be very optimistic. [post 1 of 2....stay tuned]
3-30-2016 Newshound Guru wmawhite Article quote: "...It is noteworthy in several economic studies that sector private and through international experiences have achieved successes in achieving the goal of development in countries that have faced the same difficult circumstances and Ahaha Iraq Overall, economic ones in particular..." Folks, when you see "private sector"...those words are describing exactly what we are waiting for.
3-30-2016 Intel Guru Bruce We thought we would start to exchange right after Easter...we are right there...almost at the end of the ride...rates we heard are astounding.
3-30-2016 Newshound Guru Kaperoni It would be nice to see some change in monetary policy soon, but the reality is all the signs are against it. The CBI's auctions spread has drifted way out of whack and is now over 6%. That is itself is a violation of compliance with Article VIII, so they would not be approved for the transition. Throw in lack of laws, the dinar that sits in homes/pillows, etc. and the current stability issues with the ongoing war, and I think we can say pretty accurately that we are months out at best. Maybe even longer. Sorry to bring bad news, but I do not see them ready yet. We should get a better handle on progress in a few weeks once the IMF SBA with Iraq is published.
3-30-2016 Newshound Guru tlm724 Article quote: "...MP for the National Alliance, Abdul-Karim al-Naqib said visiting UN Secretary-General Ban Ki-moon, World Bank President guide on the direction of the international community to support Iraq and to stand with him in order to cross the plight of..." I love seeing this repeated! ...Iraq has the full support of the UN, IMF and World Bank in all their endeavors ! These international entities know the potential and that is why we stay the course!
3-29-2016 Newshound Guru rcookie ...the imf & wb have transparently laid out the expectation...and action plan for attainment...in the past... currently and through 2020...it is in ink...and is visible in every economic policy and action we see every day...
3-29-2016 Intel/Newshound Guru Poppy3 ABOUT THESE LARGE LOANS --- THEY WILL BE IN OUR FAVOR NOT AGAINST THE RV BUT HELPING THEM POSITION TO COMPLETE THE RV. --- THINK THIS ---THE NEW RATE IS NEEDED FOR QUALIFICATION TO RECEIVE THE FUNDS OF THE LOAN THAT SHOULD BE AS OTHERS SPECIFIED FOR DIFFERENT PROJECTS OF RECOVERY FROM THE WAR...TO ALLOW GROWTH OF THEIR ECONOMY OR AT LEAST THATS THE WAY I WAS TOLD...EXPLAINED THAT THESE LOANS ARE LIKE US GETTING A HOME LOAN IT IS FOR SPECIFIC USE AND DOESN'T EFFECT THEIR OTHER BUSINESS LIKE THE CBI CHANGING THE RATE.
3-29-2016 Newshound Guru Kaperoni Article: "Iraq enters the program (SBA) so as to provide a $ 6 billion to support its inability" Nice, another SBA (Stand by Agreement) or conditions put on Iraq in exchange for financial consideration. Can't wait to see the details on this one.
3-29-2016 Newshound Guru wmawhite Article quote: "...Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains three exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3" HUUUUUUUUUUGGGGGGGGGGGGGGGGEE!!!!..IM.O...what we are viewing is the actual process of the CBI (Iraq) moving into article 8 and with it entering the world markets.
3-29-2016 Newshound Guru firefly [any thoughts on what we are waiting on? you think it's the players in the global economy or something more specific in the world?] IMO .. we are standing on the precipe [precipice?], can't turn back. The process IMO is already in play.
3-29-2016 Newshound Guru Kaperoni "Iraq paper from a class of 50 thousand dinars to support trade" It sounds to me that we have a confirmation of a float of the dinar. The way I read this is that they decided against the "delete zeros" which some have always believed was a LOP, and decided in favor of allowing the dinar to rise against foreign currencies via float (a basket is a variation of a float) to achieve the results. ...they must exit the peg in order to float. We long have believed that at some point, the CBI would exit the peg (via orderly or disoderly) and float the dinar...All we can do is let the process play out and watch.
3-29-2016 Intel/Newshound Guru Poppy3 I AM EXCITED THAT THE REPORT FROM THE FINANCIAL MEETING IN ABADI'S SPEECH SAID THEY WILL ENTER GLOBAL ECONOMY THIS WEEK. HE REPORTED THEY HAVE THE HIGHEST GDP IN THE MIDDLE EAST. WELL IF HIGHER THAN KUWAIT AND KUWAITS DINAR VALUE IS AT $3.38 then where can iraq VALUE BE. ...SOUNDS GOOD TO ME.
3-29-2016 Newshound Guru Kaperoni Article quote: "...economic growth in modern Iraq can not be released without a growth in the overall and sectoral economic indicators of the economy with an increase in the volume of investment in order to raise and improve the living standards of the citizens..." This such a great article because it makes it absolutely clear that Iraq cannot achieve the results of a market economy staying "status quo." That they cannot stay dependent on the dollar, and maintain a closed banking system if they expect to bring any kind of market economy, jobs or prosperity to Iraq. And we all know how the pressure is building for them to make real changes. We have stated here several times the steps to a market economy and have stated how significant the banking system is to that success, it is nice to see confirmation again that we are on the right track. Yes, there is no answer to "when" but the table is being set. These kinds of articles are very exciting.
3-29-2016 Newshound Guru Tlar Article quote: "...The Financial and Economic Intelligence Department of the Ministry of Interior announced on Monday the seizure of three banking companies that were transferring funds to the ISIS..." ...It is good to see this government at least trying to stop counterfeiting and smuggling and money laundering. Shabibi unequivocally told the Maliki government that it is the job of the government to protect the money. Shabibi identified many leaks while in office including finding people on the CBI payroll that were stealing for Maliki. Shabibi tried to remove them and Maliki told him he could not...What a pleasure it is to see this government actually going after the corrupt and catching them...
3-28-2016 Newshound Guru firefly Fact is...the IQD NEVER lost value, it was cut off by the UN at the request of the US. IMO we are at the point of no return. Central Banks have already started adjusting. Not rumour or intel but direct US media news. Changes have already begun, can't turn back the clock now...
3-28-2016 Newshound Guru Tlar Article quote: "the forthcoming cabinet reshuffle, which would expose the Prime Minister Haider al-Abadi, next Thursday, at the parliament session, which will include seven senior ministers in the government." We have not heard from Abadi yet. This is very complicated but I think Abadi will produce at least the seven ministers by thursday. Don't worry so much about articles stating the NA is giving him 3 weeks. No where does it say Abadi said thanks let alone that he will take 3 weeks. By Thursday we should see real progress both in the change of these ministers and maybe putting the list together on the COM. Hang in...until we actually see where Abadi is coming from.
3-28-2016 Intel/Newshond Guru Mnt Goat Seems the weekend was very busy for Iraq. The news is not again exactly what we wanted to hear but at least we can see continued pressure and movement. Also they are communicating with us too, so this is also very good. ...many think the presence of the UN general secretary and the director of the World Bank means Iraq is going to RV this weekend. As I told you each month these figure heads come to Iraq to get a progress report. Abadi and the GOI must meet with them and give them their report card. ...if they like the progress and all mandates have been accomplished, then an RV might be possible. But we can see from this recent news there is still work to be done and they spell out what must still be accomplished.
3-28-2016 Newshound Guru firefly IMF stated Iraq will enter the Global Economy BY the 1st half of 2016. The IMF doesn't lie. Many of these items most are looking at have nothing to do with the monetary reform. They are very good for Iraq's growth and great for the citizens. [if they go global they need a reality rate right?] Does it make sense to go global with their present rate? Are they working so hard to compete in the global markets if they weren't planning a change? They IMO would need a reality rate prior to entering the markets.
3-28-2016 Newshound Guru Mountainman Article: "Iraq's Sadr begins sit-in inside Green Zone to push for reforms" Well...After this Shake Up and Shake Down...Sadr says We aren't going Anywhere Until the Country gets What it Deserves...HCL, LAWS, New Leaders and hey You Abadi...Walk Straight or Else...Got it...And You... Maliki...We got A Special TREAT for You...IMO.
3-28-2016 Newshound/Intel Guru BGG [so what got done this weekend? are we closer? if so why?] I think we're closer...because I got a good feeling - no other reason...I am curious to hear the legit news about this weekend's happenings in Parliament...that is the key.
3-28-2016 Newshound Guru wmawhite I have never read about the IMF ever making such statements before...Also, IMO, some major progress would have to have been made for the IMF to make that statement. Also (again) we see in the Technical Letter of Intent, Iraq has made great progress and the IMF laid out in paragraphs #19 and #20 exactly what remained to be accomplished for Article 8 and for items are happening now...for fact. ...and as they get down to making these huge changes and moves...they probably are concerned about timing...i am now more interested about where this will initially manifest itself...in other words, where will it first be evident...IMO, in the Middle East. Because, I do not believe it will click and over night the new value will be showing on all of the screens in every bank in every country. [post 3 of 3]
3-28-2016 Newshound Guru wmawhite ...there are dozens of meetings taking place everyday all over Iraq...and they are not all about what we want. Again, the IMF has already had the most important meetings and it is those meetings that produced the statement that Iraq "will"...not "thinking about it", not "studying it", and not "maybe". Instead, Iraq "will"...action verb...will enter the economy markets during the 1st have of 2016. This statement was made on October 23, 2015: The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed in a press statement stressed that Iraq will return to economic market during the first half of next year. [post 2 of 3....stay tuned]
3-28-2016 Newshound Guru wmawhite ...the change in the status of the IQD is not coming out of parliament. The changes that Prime Minister Abadi is doing with the GOI is great, but that is for the future. This change with the IQD is based upon the present and again, is not predicated upon whether parliament is meeting, nor where Maliki is living, nor whether Sadr is camping in the Green Zone. Folks, the IMF has already told the world in many, many different ways, what Iraq is going to do very soon. [post 1 of 3....stay tuned]
3-27-2016 Newshound Guru wmawhite ...by the time all of the reforms are instituted, Iraq will have already entered the world markets and the true value of the IQD will have been established by the CBI...
3-27-2016 Newshound Guru rcookie Article: "Abadi meet with UN Secretary General & the heads of the World and the Islamic Development Bank...Saturday, March 26, 2016" so moon...kim..ali met with parliament..abadi privately...and traveled immediately to erbil to meet with barzani and kurd parliament... LEGARDE NOT MENTIONED...
3-27-2016 Newshound Guru Mountainman Yes ALL here are In GOD SPEED Mode Today...WHY?...Well... TODAYS NEWS.= Something Shall We Say...his·tor·ic "hiˈstôrik/ adjective 1. famous or important in history, or potentially so. "we are standing on a historic site" synonyms: significant, notable, important, momentous, consequential,memorable, newsworthy, unforgettable, remarkable..." Do You Think...This has ****NOTE****...A (MOVE) towards IRAQ'S NEW REALITY as Well?...Hmmm...I'm NOT saying The New Value is Happening TODAY!...But Rather "SOMETHING"...Similar in the MONETARY CLOSING PROCESS...You Know Like WHEN One is Closing On A NEW HOUSE...and ALL Appropriate Parties are there W/FINAL DETAILS...and shall We say...PAPERWORK!...
3-24-2015 Newshound Guru wmawhite The CBI has made many statements that it is able to support the IQD many times greater than its reserves. It has one of the largest reserves of gold for country of its size.
3-24-2016 Newshound Guru Mountainman DEFINITION of 'Technocracy: A form of government where decision-makers are chosen for a governing office based on their technical expertise and background. A technocracy differs from a traditional democracy in that individuals elected to a leadership role are chosen through a process that emphasizes their relevant skills and proven performance, as opposed to whether or not they fit the majority interests of a population. Decisions made by technocrats are based on information derived from methodology rather than opinion.
3-24-2016 Newshound Guru Adam Montana [Is Abadi really under the gun to complete the monetary reform in Iraq at risk of being removed from office?] In my opinion...not in the slightest. He's done so much good, and has so much positive influence, there's no way he's under any serious risk of being "removed".
3-24-2016 Newshound Guru rcookie ...WHAT WE ARE SEEING IN DAILY NEWS FROM EVERY POSSIBLE ANGLE AS A "PRIVATE SECTOR" NARRATIVE...IS NOT SOMETHING THEY JUST FRESHLY STUMBLED UPON...BUT RATHER A 9 YEAR STRATEGY AND TRANSPARENT PLAN FOR PRIVATIZING AND RESTRUCTURE OF THE SOE'S [STATE OWNED ENTERPRISES] AND TRANSITION TO PRIVATE SECTOR AND OPEN MARKET SYSTEM & ECONOMY.
3-24-2016 Newshound Guru Kaperoni Article: "Diwaniyah .. currency counterfeiters arrested in possession of 14 million dinars" Quote: "Diwaniya: announced Diwaniya police headquarters on Monday for the arrest of a gang working on the rigging of the Iraqi currency, and adjust the printing press of their own." ...there sure has been an effort of late that is for sure to stop this. Nice to see.
3-24-2016 Intel/Newshound Guru tman23 ...There is no doubt that with Moon, Kim, Legarde being present this weekend is HUGE... and Abadi to have chosen his cabinet Saturday... So some form of announcement is coming...BUT Legarde appearance is a BIG SURPRISE...
3-24-2016 Newshound Guru Adam Montana [Do you believe the smaller denominations are already in Iraq and are ready for distribution? If yes, held in the banks or green zone?] Yes. At one time I had heard from sources I deem reliable that they were at banks, but that was some time ago. I don't think it matters where they are held either way.
3-24-2016 Newshound Guru firefly Like I've been saying "it's unfolding before your very eyes if you just look!! And what the heck are the heads of the WB and IMF doing in Iraq right after last weekends meeting!
3-24-2016 Newshound Guru rcookie ABADI GOING TO INTRODUCE THE NAMES OF NEW CABINET ON SATURDAY!!!
3-24-2016 Newshound Guru OOTW SO WE HAVE TO CONSIDER WHAT LAGARDE AND BAN KI MOON MIGHT BE DOING IN IRAQ IF, IF, IF..THE ARTICLES ARE TRUE? WE STILL DO NOT HAVE A FORMAL ANNOUNCEMENT FOR THIS SATURDAY (THE 26TH) FOR WHICH LAGARDE AND MOON ARE SUPPOSED TO BE IN ATTENDANCE - THIS IS ALSO THE DATE THAT SADR GAVE ABADI UNTIL TO GET THE RESHUFFLE COMPLETED... VERY INTERESTING TO ME THAT WE'RE SEEING ALL OF THESE BANKING ARTICLES ON THE SUPPOSED HEELS OF BAN KI MOON AND LAGARDE'S VISIT... ARE THEY MAKING SURE THAT THE GOI IS GOING TO ALLOCATE THE MONIES LOANED TO THEM PROPERLY? OR DO THEY WANT TO MAKE SURE THE GOI IS GOING AFTER CORRUPTION? IS THERE GOING TO BE A BIG SHIFT IN THE GOVT THAT THEY WANT TO ASSURE? PROBABLY ALL OF IT.
3-24-2016 Newshound Guru Kaperoni Article: "Ban Ki-moon and Director of the International Monetary Fund and attend the parliament session on Saturday" I assume she is as frustrated as we are with the lack of effort to pass reform laws. It may be wishful thinking, but maybe she thinks she can motivate them.
3-26-2016 Newshound Guru Mountainman So The BIG DOGS...Are There...We Knew about that...Notice...The Head of the ISLAMIC BANK...WHY is that? IMO.... COORDINATION and COOPERATION...Leading to A "NEW REALIZATION"...for A Soon {INTERNATIONAL DECLARATION}
3-26-2016 Newshound Guru wmawhite all of this activity is happening now, because it is time for this activity to happen now...it was NEVER time back in 2012, nor last year...there are reasons for why the IMF has told the world about 2016...knowing what the IMF has made available to the world in the documents, none of this had been accomplished in 2012. We understand today that Iraq is prepared for the move into the markets. Iraq was unprepared in 2012.
3-26-2016 Newshound Guru Aggiedad77 Article quote: "Agency correspondent our economy News confirmed that both Foreign Minister Ibrahim al-Jaafari and planning Salman Jumaili and financial Hoshyar Zebari and the Governor of the Central Bank on the Keywords attended the meeting Prime Minister Haider al-Abadi with UN Secretary-General Ban Ki-moon and World Bank President Jim Yong Kim, the president of the Islamic Development Bank Ahmed Ali construction." ...these are serious players who are attending this meeting...the major movers and shakers of Iraq...outside of the cleric circles anyway...All this hullabaloo with Moon and Kim on this particular date the alleged date that Sadr gave Abadi to show his hand...planning...timing makes you wonder who is in the hen house...what's for supper...this is "historic" for these two major players to show up at the same time in Iraq...show up at this very time in fact.
3-26-2016 Newshound Guru wmawhite this is the confusion..."dropping the zeros". There are not two people in this room that "fully" understand what the "project to delete the zeros" or "lift the zeros" is defined as. We have never had a representative from the CBI explain fully to us what that is. IMO, it is a multifaceted project. Many parts to it. It is not just item, but a multi-year project with many pieces to it...either way, IMO we are fast approaching the most interesting part of this investment...
3-26-2016 Newshound Guru tlm724 "Parliament plans to pass a banking law" "The Finance Committee put an end to the drafting of the Banking Act and submitted it to the presidency of the parliament for the purpose of voting on it, indicating that the agenda of the House of Representatives on Saturday to ensure the reading of this law" "Agenda of the meeting No. (19) Saturday 26 March 2016" [...they finished the 1st reading today...] They sure did...and in the presence of their esteemed guests too! No coincidence I am sure...
3-26-2016 Newshound Guru Aggiedad77 I know this is Iraq and we are all well aware of their track record for dragging sandals in the sand...and I know how translations can sometimes get garbled...but "stand with the plight of Iraq"...I'm taking that as time to "do your business...or get off the pot"...oh to be a fly on the wall when Abadi met with Moon and Kim...I'm thinking they told him that time is short if he expects to rule the roost much longer...no they are not the Holy Men, but I'm sure that Abadi must have felt he was again on the hot seat...you want continued support from the UN...from the World Bank...then listen to the Holy Men...listen to the IMF...listen to the US...your best interests are at risk here.
3-26-2016 Newshound Guru wmawhite While many behalf as if this weekend is the same as scoring the winning TD...I believe this weekend's visit by Ban Ki Moon and Legarde is similar to the offense breaking the huddle and walking to the line of scrimmage with the ball inside the opponent's 5 yard line. I believe the visits are significant...but we may not learn how significant they are until after they leave.
3-26-2016 Intel/Newshound Guru tman23 Recall the exact words by Shabibi...The project to lift the 3 zeros is a 3 step process with each step taking about 6 months...Recall the end of last February 2015 CBI Governor Alak gave the green light to begin the process to lift the 3 zeros... Recall articles in the past where GOI members called to delay the project and said start in June ...where as Shabibi said; The time to lift the 3 zeros is at the start of the year and not the middle of a quarter or the middle of the year... So what we do know is that a 3 step plan consisting of 18 months would put the project in the 3 step as of right NOW... This weekend going into the 1st of April has HUGE POTENTIAL to see a change... IMO... With new loans becoming available end of month and end of month being the end of the first quarter and accounting rolled over... IMO... You should be very excited over this weekend...more excited than you ever been in during this speculation...
3-25-2016 Newshound Guru rcookie OK...HERE IS A BIGGIE!!...AND PRELUDE TO THIS WEEKENDS MINISTRY ANNOUNCEMENTS...
URGENT!!...OIL MINISTER ADEL ABDUL MAHDI OFFICIALLY ANNOUNCED HIS RESIGNATION AND HE STOPPED PRACTICING HIS DUTIES IN THE MINISTRIES...LET THE DOMINOE FALLING BEGIN!!!
3-25-2016 Newshound Guru tlm724 Saleh says reform irreversible and "the past will not return." *hallelujah* ...that the reform process has run into opposition, "some of them political...what went on in the past decade will not be back, either in the administrative, economic and other field." no more shenanigans, those days are over...the path of reform is a difficult one...it is indeed difficult but not impossible, it is happening now despite the opposition.
3-25-2016 Newshound Guru Mountainman Do We really Think...w/ALL these Deals w/ Multiple Countries...that the WTO/WORLD isn't going to Make IT Happen after ALL the Negotiations...Come June...IRAN/IRAQ will be Singin a NEW TUNE...IMO.
3-25-2016 Newshound Guru rcookie IN ADDITION TO THE IMF METAC WORKSHOP IRAQ IS ALREADY PARTICIPATING IN TITLED..."INVESTMENT POLICY & PROMOTION" FROM MARCH 20-24...THEY WILL BE STARTING ANOTHER WORKSHOP ON MARCH 27-31 TITLED "ENHANCING PUBLIC SECTOR PERFORMANCE INCLUDING DELIVERY UNITS"...AND...YET ANOTHER IMF METAC WORKSHOP...TITLED TAX ADMINISTRATION DIAGNOSTIC ASSESSMENT TOOL (TADAT) IN LEBABOB FROM MARCH 21-23...DEVELOPED BY IMF AND SOME OF ITS DEVELOPMENT PARTNER ORGANIZATIONS...THE CONTENT OF THESE KINDS OF WORKSHOPS IS MASSIVE IN CONSIDERATION AND RELATIVE TO WTO ACCESSION AND (GATT) PROCESS APPLICATION...HUGE...HUGE...HUGE...
3-25-2016 Intel/Newshound Guru Mnt Goat Soon next week the UN and the World Bank will re-visit Iraq for their monthly report card and progress report. So one thing we know for sure today is there will be NO revaluation of the Iraqi dinar until this progress report is completed and evaluated.
3-25-2016 Newshound Guru rcookie YESTERDAY IRAQ & IRAN SIGN MOU TOWARD BANKING COOPERATION...AND ROUHANI [PRES. OF IRAN]...PART OF WEEKEND POW WOW THAT ALREADY INCLUDES LEGARDE...MOON... AND KIM...HMMMMMMM.
3-25-2016 Intel Guru SteveI The new parliament seems to be in place now and all has agreed, but still waiting for the final vote to make it official. As you can see, there is some major steps in change for the better and the new Iraq will be announced in short time. With many important people attending this major meeting this weekend, something really big is happening. Will it be what we are looking for? Probably not, but at a minimum it surely must be leading up to it or something significant in the near future. Based on what I have read and reading, Iraq is pushing very hard to officially enter into the global market with a new value attached to their currency. This is pretty much a given, but watching them accomplish this is sure confusing and complicated. After one mile stone reached there seems to be another one ahead. One would think that the end is sure near. [post 2 of 2]
3-25-2016 Intel Guru SteveI I received some information from a couple contacts regarding the current news...The main focus was this past week some very strange things happening on the ISX. I guess the ISX was down for some time and when it came backup most of the numbers did not make sense. There seem to be some major trading by only a few companies. Also it was brought to my attention that most of the Iraqi bond purchases were to banks. This is very positive because banks have to have a minimum asset reserve to be able to participate in a global exchange of their currency (this was what several told me...). Another mention on the CBI site was the lack of some of the denominations that used to be listed. This is all looking very positive. Security seems to be getting under control. This came directly from someone in Iraq and is close to the action. ISIS is still a factor but not anywhere near what it was. I was also told that some major house cleaning regarding hundred of arrest warrants and many officials have already fled the country. [post 1 of 2....stay tuned]
3-23-2016 Newshound Guru rcookie WTO ACCESSION IS A HIGHLY INDIVIDUALIZED PROCESS...THAT IS DIFFERENT FOR EVERY COUNTRY....AND MOSTLY INVOLVES INTERNATIONAL TRADE AND INTERPRETATION AND APPLICATION OF GATT (GENERAL AGREEMENT TARIFFS & TRADE) OF 1948 AND TRADE ARRANGEMENTS AND LAWS BETWEEN COUNTRIES...AND THE LEGAL PROCESS OF TRADE DISPUTES AND SETTLEMENT PROCESSES...IRAQ STARTED ITS WTO ACCESSION PROCESS IN 2004...IT IS A LONG...AND GRUELING PROCESS...THAT THEY ASPIRE TO ATTAIN.
3-23-2016 Newshound Guru OOTW "[Parliament] Agenda of the meeting No. (23) Monday 4 April 2016 April 4, 2016" "...the vote on the draft Islamic Bank loan development (draft law and the draft law on ratification Istisnaa agency Istisnaa between the Government of the Republic of Iraq and the Islamic development Bank Convention on the Law..." IS ABOUT ISLAMIC BANKING REGULATIONS FOR LOANS TO THE GOVERNMENT FOR PROJECTS... "DRAFT CENSUS LAW". THAT'S A BIG DEAL BECAUSE, IF THIS IS TO DO WITH TAKING A CENSUS, INCL THE KURDISTAN REGION, THEN THIS IS A PRECURSOR TO FULFILLING THE REQUIREMENT FOR A CENSUS PRIOR TO DISTRIBUTION OF THE CITIZENS' PROFITS RE OIL PAYMENT SHARES.
3-23-2016 Newshound Guru Mountainman If I Recall Correctly...Iraq ALREADY has their SWIFT CODES for International Banking...as we Know IRAN does as Well...thus IMO...As Normal...Most things are Already PLANNED and IMPLEMENTED behind Closed Doors...and then (WHEN) Appropriate
Bamm...They show it to the World...!
3-23-2016 Newshound Guru wmawhite ..."cashing in"...people do not cash in currency...countries do not cash in currency reserves. Instead, currency is "exchanged" for something of another value...we will exchange for another currency relative to what we want to use...countries, may exchange another currency for yet another, or may not exchange at all.
3-23-2016 Newshound Guru Adam Montana [What's your take on Iraq getting the approval from the UN and WTO on the upcoming issue of Articular 8?] I've never placed a major emphasis on Article 8, and I still don't. That would be a strategic detail, whereas I still believe it's more about the fundamentals at this time. Those fundamental things have been whittled down to a very short list: 1. HCL. I like short lists! Here's something for everyone to consider, speaking of fundamentals. I made a big deal out of how the Kurds and Baghdad were getting along so much better lately. If you've been in this for long, you will know that we used to ALWAYS see article after article about 7% this and 14% that and Kuwait boycotting Parliament due to non-payment and on and on... have you seen much of that lately? Or any? Nope. It's been very quiet on that front, because they've got those fundamentals worked out. They're playing nice with each other, and despite the wait... I really like our odds once we start seeing oil go back up.
3-23-2016 Intel/Newshound Guru Mnt Goat HCL still is not all settled and the citizens have not yet received their share of the oil revenues. They can load the funding on the Qi cards all they want but until they activate them (new rate or old rate it does not matter) they have not yet paid them. The GOI does not want to pay out oil revenues since the government has mismanaged the great wealth of the nation and the money is simply not there to pay out. Instead it is all in the pockets of the crocked politicians. These HCL payments to the citizens are...mandated by the UN and the USA. Now we see the religious clerics too fighting for the average citizen for them to get what is rightfully theirs. Just remember...that their new constitution must be FULLY implemented or no RV. Mark these words carefully...not as a rumor or conjecture, but as FACTUAL. I have been told this directly by some very strong politically connected people, people who don’t lie and would have no reason to lie.
3-23-2016 Newshound Guru Adam Montana It certainly doesn't take a rocket surgeon or a brain scientist to see that oil is silly low right now. After you take into account for inflation, it's even more obvious that this low rate cannot last. Now, if a bunch of numbskulls like us can easily see that oil should probably be closer to $80... don't you think Iraq can, too? I certainly do. As I type this, oil hasn't moved and we still haven't seen any significant news on the HCL. The GOOD news is that it also doesn't take a genius to grasp that oil is probably about as low as it can possibly go, which means there's only one way for it to go from here. UP. And the GREAT news is that in spite of these ridiculously low oil prices, the CBI has maintained a very strong grip on the exchange rate, proving that they are, as always, very capable of manipulating their market how they wish. ...at this time I think our motto is: "Watch the oil".
3-23-2016 Newshound Guru rcookie ALL OF THE INDICATORS THAT HAVE ALWAYS BEEN NECESSARY TO DRIVE AND SUPPORT ANY IQD VALUE CHANGE...THAT HAVE NEVER BEEN ADDRESSED UNTIL THIS PAST YEAR...INVESTMENT LAWS...BANKING...CORRUPTION ADDRESSMENT... INSURANCE...CUSTOMS & TARIFFS...AML/CFT COMPLIANCE...NON OIL DIVERSIFICATION...COMPREHENSIVE BUDGET EXECUTION...CONFORMITY & COMPLIANCE TO IMF/WB/UN REFORMS AND MANDATES TOWARD ARTICLE VIII DECLARATION AND WTO ACCESSION...INDICATORS LIKE THE ISX...AND PRIVATE SECTOR DEVELOPMENT FOCUS IS THE FUEL FOR THE IRAQ ECONOMIC FERRARI.
3-23-2016 Newshound Guru wmawhite The ISX spent huge $$$$ for the new trading platform that will enable it to trade with 23 other international trading platform from around the globe...they are waiting to activate it. The ISX, IMO, is the one unspoken indicator that truly shows us that Iraq intends to change the status of the IQD, as well as its value.
3-23-2016 Intel Guru Bruce WE ARE LOOKING FORWARD TO THE REST OF THIS WEEK. WE ARE RIGHT WHERE WE NEED TO BE RIGHT NOW. THIS IS AN OPPORTUNITY FOR THIS TO COME VERY VERY QUICKLY. WE KNOW WE ARE VERY CLOSE TO RECEIVING IT. EVERYTHING IS ABOUT READY TO CHANGE RIGHT NOW. NOTIFICATIONS ARE ALL WE ARE LOOKING FOR NOW.
3-22-2016 Newshound Guru wmawhite Understanding that PM Abadi is a engineer by trade and seeing how well he has made his way through the everyday mine field of Iraqi politics, I believe that he is weeks ahead of 99% of those who want him gone. Those folks are on the way out and probably do not know it yet. Again, Abadi's brain works in timelines. For every project he starts he has already gathered the material needed, has a start line with project deadline targeted along the way...with the eventual end date. PM Abadi has already demonstrated that he is too great of a foe to have against you. I...believe that Abadi...all though extremely capable, has willingly teamed up with the IMF, WB and others throughout Western Europe and will be successful. He will succeed.
3-22-2016 Intel/Newshound Guru tman23 This week will be a political telling week in Iraq.... Some Political Blocs failed to turn over their candidates by Wednesday deadline, claiming they were not notified... Abadi is forced to turn over to committee his picks thus alienating certain blocs who are against the replacement of minister reforms... If Abadi uses this week for more delays, he will be perceived as weak and failed... Abadi needs a BIG WEEK this week... and if he hesitates, stumbles, or concedes any part of his reform...Nouri Maliki is waiting in the wings to eat Abadi's lunch. If Abadi cannot get his chosen cabinet situated and show control... I guarantee you foreign investment is not comfortable. We have placed our chips on Abadi... And he has some better minds outside Iraq helping him maneuver around pending issues... I believe he will be successful!
3-22-2016 Newshound Guru wmawhite ...This is not a big secret...Iraq wants the world to know what they are doing. This is as good as it appears. Iraq is a business, and like any business they want investors. A business will never have investors if the business is kept quiet and made a big secret.
3-22-2016 Newshound Guru OOTW ...ANNOUNCEMENTS IN THIS WEEK'S GOVT THREAD FROM PRESIDENT MASSUM, PM ABADI, THE INTEGRITY COMMISSION AND THE SJC AND THE RECONCILIATION COUNCIL...ALL INDICATIONS THAT THEY'RE MOVING FORWARD TO PROSECUTE THE CORRUPT.
3-22-2016 Newshound Guru Kaperoni Article quote: ..."next economic phase requires increased trading activity in the securities of the Iraqi market," Where are they going to get this increase in activity? IMO, it must come from outside Iraq and that can only happen two ways... 1. Through custodial banking... or 2. Through making the dinar convertible worldwide (Article VIII) allowing international transactions in the ISX (since the stocks are priced in dinar). The goal seems clear for Iraq..I do not think keeping the banking system closed and the dinar pegged and working through custodial banks is the solution.
3-22-2016 Newshound Guru wmawhite ...the CBI indicated that the auctions were going to be restricted to once a week...we are looking for that to change. ...the auctions are similar to an IV that the Iraqi economy has needed to sustain life because they were unable to function with just the IQD. But now, that is changing. How do we know this? By just looking at what they are doing and by what the IMF, the World bank and the CBI has told us. Remember, all of these efforts to bring their financial system into the 21 century, the constant training of the employees about international commerce not unnecessary if Iraq was going to keep using the USD "IV". Also, if Iraq could have enter the economy market while on the USD "IV" why haven't they already done so? The entire world accepts the USD. The answer is in the statement from June 27, 2013 the day when the UN Security Council lifted the sanctions against Iraq. The Iraqi foreign Minister stated then that the Iraqi Dinar would again be great and powerful.
3-22-2016 Intel Guru Frank26 The citizens are aware that the IMF and others are there right now. Even the US Treasury got involved in listing those involved in corruption. IMO – once we have Mosul...the Green Zone is going to explode in news (as in a new rate, new laws, etc). IMO -- right now...Iraq is under the laws of the US government. Sadr spoke with the citizens and together they are DEMANDING their OIL REVENUE SHARES right now! (How do you spell H.C.L.?) Remember...the day that you see the H.C.L. – you will see everything else! [post 2 of 2]
3-22-2016 Intel Guru Frank26 There are some “Holy Men” in Iraq...and Abadi turned to Sastini...and he got involved...and Sadr got involved too. There is nothing more powerful than the “religious laws” of Iraq. That is the law in Iraq right now. Every Friday...(and other days)...the citizens march towards the Green Zone...the demonstration started to become louder and become more organized. They want the GOI to hurry-up. The citizens are actually praying at the gates of the Green Zone. It makes you feel like the citizens know what’s about to happen. The citizens aren’t going to do anything to jeopardize it either. [post 1 of 2....stay tuned]
3-22-2016 Newshound Guru wmawhite A true value for the IQD. If the world trades the Omani Ryal at $2.59, which they do, and Iraq has an economy 1,000% greater, then the true value of the IQD is not $0.00085. ...we don't know what the true value is...however, we can look around the region and see a comparison of other countries and none of them are at $0.00085, except for Iraq and the world knows that the IQD is programed/imposed/not true... Any thing greater than 1182 ($0.00085) is an increase in purchasing power...the question is how great can Iraq leverage the IQD...and IMO, that is what we will see. [post 2 of 2]
3-22-2016 Newshound Guru wmawhite ...if we believe that today 1 IQD is not truly valued at $0.00085 why would the CBI enter the world markets at something that is not reflective of their true value? This is why I continue to ask this question: What is missing in the following list of currencies? 1 Egyptian Pound = $0.13 1 Jordanian Dinar = $1.41 1 Qatar Riyal = $0.27 1 Bahraini Dinar = $2.65 1 Israeli Shekel = $0.26 1 Saudi Riyal = $0.27 1 United Arab Emirates Dirham = $0.27 1 Omani Riyal = $2.59 1 Kuwaiti Dinar = $3.31 1 Iraqi Dinar = $0.00085 What is missing? [post 1 of 2....stay tuned]
3-22-2016 Newshound Guru Kaperoni Article: "Consultant Abadi: Document Prime Minister based on state-building and market adoption of smaller and more powerful government" This guy does not understand the auctions and the reason for them. That being said, he is right about the rest...reforms must be "quick" and they must get integrated with the global market soon if they are to succeed. Quote: "economic reform policies must be quick and based on extensive studies to develop solutions in line with developments in real - time local and global market." I remember reading somewhere (some IMF doc) that the transition should be overnight, quickly, direct, etc., and not gradual to avoid confusion of citizens. Once they are ready, I am hoping they are listening.
3-21-2016 Newshound Guru wmawhite Does everybody understand why Iraq uses the USD? The first couple of days following the US enter Iraq we dumped 100s of billions of USD into Iraq so that they could survive as a country...they had to continue to feed themselves...and today, because the IQD is not openly accepted on the world market, Iraq uses the USD as its currency. IMO, we are finally at the point in time when the auctions are going to be reduced because the USD will start to be reduced inside of Iraq and the IQD will be the currency of choice and it is accepted in the world markets. Of course, with a reduction in the price per barrel of oil...there is less USD flowing into Iraq. Therefore, less liquidity...It is quite interesting how so much of these issues have continued to push Iraq in the direction we needed them to go.
3-21-2016 Newshound Guru Stryker Iraq's Global Economic Diversification...We are seeing Iraq evolve its economy through diversification. Yesterday the first shipment of liquid gas left Iraq's liquid gas port and head to the open sea on it's way to their first global customer. We are witnessing history folks as Iraq has never exported liquid gas to any market until now.
3-21-2016 Intel/Newshound Guru Mnt Goat ...talk now is that Iranian influence must end, ISIS is almost under control (their last stronghold is Mosul), IMF is now working closely with the CBI to align the banking systems and financial systems, the financial and political paths have not yet converged, no RV has taken place. Right now I still hold the conviction of mid March to mid April for an RV. I can only relate the news given to the possibility of the RV according to what they tell us. Will it happen? Events change and the process can speed up or slow down. We wait and see. As I said many times the RV is a by-product of the process, the end result and not the main driving force. It will simply happen when the conditions are right. [post 2 of 2]
3-21-2016 Intel/Newshound Guru Mnt Goat “The Pressure is Building” There was a ton of news...It came at us like a running bull once the protestors took to the streets again and crossed over into the green zone. This scared many of these politicians and so finally we began to see some real action towards movement of the Abadi reforms for his cabinet reshuffle. The only hope is that they too can perform and can get the job done without the level of corruption we have seen by their predecessors. Iraq got the majority of the much needed laws (at this point in time of what is needed), we now have a heightened awareness of the crimes committed by Maliki and his goons, the citizens and religious leaders are now driving the pressure for reforms... [post 1 of 2....stay tuned]
3-21-2016 Newshound Guru Tlar The spread between the street and program rate getting bigger, was predictable ...You cannot reduce a spread by raising the sale or program rate, especially in such a corrupt environment. The CBI is dancing around the only solution possible for the spread problem. The only long term solution to this problem is to get rid of the multiple currencies usage and just use the dinar. This will close the house of theft (the auctions).
With all the long term systemic corruption built into the auctions and with the sophisticated organized smuggling units that have operated around those auctions now for years in Iraq, there is only one way to stop it. STOP THE AUCTIONS. To do that Iraq must USE THEIR OWN CURRENCY. To do that the PEOPLE MUST TURN IN THEIR DOLLARS for dinars. To do that THE DINAR must be STABLE AND HAVE VALUE. To do that THEY MUST GIVE IT VALUE BEFORE ANY OF THE ABOVE CAN TAKE PLACE.
3-21-2016 Intel/Newshound Guru Poppy3 PROGRESS HAS BEEN TREMENDOUS IN THEIR MARKETPLACE AND LEGAL DEPARTMENTS BUT THAT DOESNT GET US PAID. WE REMAIN IN THE DARK ON REFORM OF CBI BANKING, FULLY FUNDING THE BUDGET. MANY THINK ARTICLE 8 BRINGS RV BUT IT IS JUST ANOTHER STEP IN THE RIGHT DIRECTION. THE RV IS COMING AND JUST LIKE YEARS PASSED THE TIMING IS AND HAS BEEN THE ONLY THING WE DO NOT KNOW. WE ARE IN THE BEST POSITION EVER TO BECOME WINNERS FOR OUR FAMILIES BUT THAT TIMING AND DATE OR THE AMOUNT OF THIS BLESSING IS PURE GUESS WORK.
3-21-2016 Newshound Guru rcookie WHEN YOU CONSIDER ALL OF THE RECENT NEWS AND DIRECT RELEVANCE TO PROGRESS AND STATUS FOR THE EVENT WE ARE LOOKING FOR...ALONG WITH IMF LOI/MEFP/TECH MOU...ARTICLE VIII PROCESS & STATUS...WTO ACCESSION UNDERSTANDING & STATUS...THESE THINGS WILL HELP YOU SLEEP MUCH BETTER..
3-21-2016 Intel/Newshound Guru tman23 Iraq IQD was to be a special situation...And a country that had an imposed rate because of war but for years carried a $3 plus rate... It is logical to believe the imposed rate could be lifted and return to the $2.85 - $3 plus that it carried for 50 plus years...
3-21-2016 Newshound Guru Millionday UNDERSTAND THAT THE INCLUSION OF SUCH A GREAT NUMBER OF COUNTRIES AND BUSINESSES TO START BACK UP THE TOURISM >>INDUSTRY<< IT TAKES THE ABILITY TO EXCHANGE THEIR CURRENCY OBVIOUSLY -- MAKES NO SENSE ANY OTHER WAY. SO...THE GOAL IS TO EXPAND THE MARKET WITHIN IRAQ -- THIS IS GOING TO RAISE THE GDP AND MAKE THEM A SUSTAINABLE COUNTRY WITH WHAT RESOURCES THEY HAVE AS WITH ALL MARKETS. [post 2 of 2]
3-21-2016 Newshound Guru Millionday SO NICE TO KNOW THAT IRAQ IS MOVING TOWARD A FREE MARKET GLOBAL ECONOMY. FIRST LET ME SAY THE SECURITY IN IRAQ HAS IMPROVED REPORTEDLY -- HOWEVER SOME INTERNATIONAL INVESTORS ARE NOT FEELING IT. Article quote: "...Barzani kicked off a tourism conference in Erbil on Saturday, saying that participation by hundreds of foreign companies from more than two dozen countries amid an economic crisis in Kurdistan “is a great support” to both Kurdish tourism and people." ...ONE OF THE MARKETS TO DIVERSIFY THE MARKET (GDP) OF IRAQ IS TOURISM...IT HAS ALWAYS BEEN A GOAL OF MANY. [post 1 of 2....stay tuned]
3-20-2016 Newshound Guru Tlar The question in my mind is only this. Is the government considered stable enough. That is a question left to better minds than I have, but in my mind, the Iraqi government is as stable even with all its problems, as many who are openly trading in the world. No promises and don't hold me too it but I think Iraq is on track to join the world economy whether the government is done or not. I am still very hopeful that it is this month on or before March 31st. There are more than just a few signs that at least that is a target in my mind. Whether they hit it maybe another thing altogether. [post 2 of 2]
3-20-2016 Newshound Guru Tlar The political problems are serious and hopefully they will be resolved as fast as they can be peacefully. I believe the economic problems will also be resolved when they are ready to be resolved. Most folks in dinar land see these two issues as intertwined and it may well be, but I tend to think of these two issues as separate issues meaning they are not necessarily intertwined whereby the political issues have to be resolved first in order for the economy to be started. I see them as two separate issues with equal importance. There are many countries with political issues that still have internationally accepted currencies. [post 1 of 2....stay tuned]
3-20-2016 Intel Guru Bluwolf NO ONE KNOWS THE BANK RATES FOR THEY ARE NOT VISIBLE AT THIS TIME, NO ONE WILL SPEAK OUT UNTIL ALL IS RELEASED...THIS WILL COME AS A THIEF IN THE SILENCE OF THE NIGHT AND BECAUSE THIS IS OF GREAT WORLDWIDE IMPORTANCE NO ONE OUT THERE MAY KNOW TO THE WHEN, WHAT OR WHERE OF THINGS EXCEPT THE PERSON ELECTED TO GIVE WAY TO ALL INTENTION OR RELEASE OF MONIES, BOND OR FUNDS FOR WORLDWIDE...THIS IS NOT A ONE COUNTRY REVALUATION, IT IS A 204 COUNTRIES REVALUATION AND DEVALUATIONS, IT ALSO HAS A GLOBAL CURRENCY RESET...WE ARE IN THE PRECISE MOMENT IN HISTORY FOR ALL THE ABOVE TO BE EXECUTED IN ITS TOTALITY AND AT THE SAME TIME.
3-20-2016 Newshound Guru Tlar Article: "Abadi moved away from his promise to form a government of technocrats" [...Abadi can't just make changes without Parliamentary approval its unconstitutional, it's exactly what Maliki was trying to do.] You are right on that statement but he could get rid of the proxy ministers because they are under a one year mandate and replace them with recommended technocrat proxies of his own... He is trying too hard to do the right thing and to get hostile blocks like the SOL to be on board. Either way change has to come and its got to come quick or Abadi will pay a price. The last resort to dismiss the government and then resign leaves too wide an opening for Maliki.
3-20-2016 Newshound Guru wmawhite There are numerous issues at play... the move into the international markets is totally separate from the reforms being pushed ay Abadi. The price of oil is secondary to the move into Article 8. Once Iraq can order that rice from Thialand and pay for it with an account with IQD in it then there will be no need for the auctions. When that happens...and we believe the IMF gave us a timeframe then it is best for Iraq to conduct business at a value that will not kill them financially...their true value.
3-20-2016 Newshound Guru wmawhite Here is some information that I believe tells you exactly where we are: Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding December 22, 2015: 12. The spread between the official and the parallel foreign exchange market rate receded to around 2 percentage points since August... 19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. folks...if you wonder what remains to be done in order for Iraq to move into Article 8...there it is...dated December 22, 2015.
3-20-2016 Newshound Guru Tlar Article: "Governor of the Central Bank of Iraq will receive substantial financial support soon" Iraq still needs loans even after they change the value of their currency and they need huge infusion of capital because fiscally, they are still draining whether they raise the value of their currency or not. The advantages to raising the value are many...1st is investment. With an international Article Viii currency companies are more apt to invest large sums in Iraq because they see an easy path to get their money out. Secondly, it will stop the auctions because there usefulness will have run its course due to Iraqi companies not needing to convert to USD before they pay. No more remittances needed. No more systemic theft through the auctions. Third they will be pulling in dollars and letting dinars out as long as the rate is attractive enough, meaning the spread between the program rate and street rate disappears. Auctions will no longer be a vehicle with which speculators make a short profit and devalue the dinar and the CBI is expecting a resurgence in people coming back to use the banks again. These and many other reasons by raising the rate and going to Article VIII, will help Iraq immensely...
3-19-2016 Intel/Newshound Guru Poppy3 [I am putting my money and hope on the statement by the IMF:..The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed in a press statement...he stressed that Iraq will return to economic market during the first half of next year.] YES, THAT HAS BEEN MY THOUGHTS THAT THEY SHOULD NEED A RATE SOME TIME PRIOR TO THE JUNE PUTTING US IN A GOOD POSITION TO SEE THE VALUE CHANGE PRIOR TO THAT.
3-19-2016 Newshound Guru wmawhite I am putting my money and hope on the statement by the IMF:..The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed in a press statement...he stressed that Iraq will return to economic market during the first half of next year...this statement was made at the end of October 2015...just prior to the Article 4 Consultation in Amman, Jordan that produced the Technical Letter of Agreement that is the most detailed document to date outlining Iraq's move into article 8 and the world's markets. I also believe that the reforms of the GOI are a separate issue...not directly related to what we are looking for.
3-19-2016 Newshound Guru Kaperoni Article quote: "The governor of the Iraqi Central Bank...the use of the term bankruptcy to describe the current economic situation in Iraq is not appropriate, expressing confidence in obtaining substantial financial support soon." Hopefully, what he means by "financial support" is that the dinar will begin to float and investors begin to come into Iraq.
3-19-2016 Intel Guru Bluwolf World situations are evolving among us and changes are coming forward, the GCR is now a giving fact and with that transfer of wealth the rest WILL FOLLOW but like everything in this corrupted political and greedy world there is always a certain man calculated time frame and that is where we are at right about now and by the way things are transpiring that shouldn't take long.
3-19-2016 Newshound Guru sczin11 WELL, IT APPEARS PARLIAMENT HAS ADJOURNED FOR ANOTHER 10 DAYS, UNTIL MARCH 26...I GUESS AMNESTY, FED CT, DEPOSIT INS. ETC...ETC...WILL WAIT, AGAIN...PROMISES AND MEDIA RHETORIC CONTINUES...UNLESS, BEHIND THE SCENES UNANNOUNCED MEETINGS WILL OCCUR..
3-19-2016 Intel/Newshound Guru Mnt Goat Article quote: "He said the US ambassador to Baghdad, Stuart Jones, the difficult financial situation that Iraq is going through now, pointing to the country's need to find a free and diversified economy." Once again we see the political side using the terms FREE and DIVERSIFIED to describe the economy that is needed. Most importantly a FREE economy meaning to get out of the “closed” economy and go global. So what comes first the cart or the horse? At some point they must make the move to a global economy and do it even in spite of the remaining political challenges. So the pressure builds in this area too (the financial path).
3-19-2016 Intel/Newshound Guru Mnt Goat As I have been telling everyone there are two paths that must converge in order to see the dinar RV. These paths include the political and the financial reforms. We know the needed laws to satisfy both paths and we have see the stalling now mostly on the political side of the last remaining laws by the State of law coalition and in particular the Dowa party. We know we must see a stable and secure gov’t before any RV. Iraq still has not met this requirement as long as these corrupt officials remain. [post 1 of 2....stay tuned]
3-19-2016 Intel/Newshound Guru Poppy3 ...i AM NOT INTERESTED IN THEIR POLITIC'S, THEIR ECONOMY...ETC. ETC...I AM ONLY INTERESTED IN THEIR FINANCIAL REFORM PROGRESS...AND THE NEW VALUE BEING ACTIVATED ON THE GLOBAL MARKETS...ALL THE OTHER IS JUST RHETORIC THAT HAS ZIP FROM OUR TARGET.
3-1-2016 Intel/Newshound Guru Poppy3 ...HOW MANY TIMES HAVE THEY EVER MET A DEADLINE THAT THEY THEMSELVES SET. MANY TIMES THEY ARE CLOSE BUT I NEVER REMEMBER THEM MAKING ONE ABSOLUTE DEADLINE BUT I NEVER SEEN THEM EITHER SUBMIT A REPORT TO THE THREE WORLD FINANCIAL MARKETS AND THEN JUST FORGET ABOUT IT...I THINK THEY ARE PUSHING TOWARDS GETTING FINISHED. HOPE THINGS CONTINUE TILL COMPLETE. [SHOULDNT THERE BE SOME INDICATION THAT THEIR GOING TO MOVE BY NOW...?] NOPE...NO ONE WILL KNOW TILL BAM IT APPEARS. [post 2 of 2]
3-1-2016 Intel/Newshound Guru Poppy3 THE IMF DIDNT SAY THEY WILL HAVE A GLOBAL ECONOMY...THE CBI AND PARLIAMENT STATED THEY HAD AGREED AND THEY TOLD THE IMF THEY WOULD ENTER THE GLOBAL MARKET ON MARCH 1...THIS REPORT WAS SENT TO THE IMF, THE UNITED NATIONS, AND WORLD BANK. IT WAS AN OFFICIAL REPORT SENT TO THOSE OFFICIAL ORGANIZATIONS...AND NO ONE COULD CHANGE THAT BUT THEM. ...UNTIL SOMETHING FURTHER IS ANNOUNCED OR STATED FROM AN OFFICIAL NO ONE WILL KNOW ANYTHING MORE TILL WE ARE TOLD. OFFICIALLY. [post 1 of 2....stay tuned]
3-1-2016 Newshound Guru Tlar [Guru] Millionday still thinks that the dinar will go international (article Viii) this month and so do I. If Iraq is to metamorphosis into an internationally accepted sovereign country doing business world wide, they must be able to use their own currency. With oil being as low as it is they barely have enough USD to handle the street let alone the potential for growth and the remittances that would need to be paid in USD. So if they are ready to "open" their country up to international investments, trade, investment etc. they must have an internationally accepted currency with which to trade. We all know that there is monies sitting at BIS that belong in the reserves. Turki was the one who set these deposits up when the US released the 80 billion USD equivalents that had been being held in US banks as a result of the sanctions. I believe we will soon see that money accounted for, for the first time on the CBI's web site. It will come with the RV and not before.
3-1-2016 Intel/Newshound Guru Backdoc Article quote: "According to an informed source in the Iraqi Integrity Commission, that a number of former ministers and officials, including the son of former Prime Minister Nuri al-Maliki, has brought to justice." FOR ALL OF THE PEOPLE THAT HAD TO TO WAIT EXTRA YEARS ON THIS JOURNEY AND ALL THE PEOPLE KILLED OR INJURED BECAUSE OF THESE INDIVIDUALS! YIPPIE! A LONG TIME AGO I SAID MALIKI WAS DOING THE MOONWALK OFF THE PUBLIC STAGE, INDEED HE DID...SEEMS TO ME SINCE ACTIONS MEAN THINGS WE HAVE A FEDERAL COURT LAW! NO WONDER THE MINISTERS WERE RUNNING LIKE COCKROACHES!...IMO.
3-1-2016 Newshound Guru Mountainman ...The MAD "DAASH"...Is (On) For "ALL CLEARANCE" and (EXCITEMENT) for IRAQ"S (NEW) FUTURE REALITY...ALONG W/MANY GLOBAL COUNTRIES...There WILL be (MORE)...To COME...That's For "SURE"...IMO.
3-1-2016 Newshound Guru firefly IMF stated they will enter the global economy in the 1st half of 2016. Never have they stated otherwise.
3-1-2016 Newshound Guru OOTW WE HAVE SEEN SEVERAL ANNOUNCEMENTS THAT THE TARIFFS WILL BE INSTALLED/ACTIVATED. Quote: "Customs fiscal revenue doubled after the application of the tariff latest news The Director General of the General Administration of Customs professor Kazem Ali Abdullah income earned from the border outlets doubled after the application of customs tariff law..." ...THEY'RE SAYING IS THAT THEY HAVE GENERATED SIGNIFICANT REVENUE FROM THE IMPLEMENTATION OF TARIFFS COLLECTIONS AND THEY INTEND TO BROADEN THE TARIFF SYSTEM TO INCLUDE MANY MORE PORTS OF ENTRY...THE KURDS HAVE AGREED TO IMPLEMENT TARIFF COLLECTION AS WELL...THIS IS ANOTHER TESTAMENT TO THE FACT THEY INTEND TO LAUNCH THE PRIVATE SECTOR...THIS PRESS RELEASE CONFIRMS THAT THE GOVT INTENDS TO BROADLY ENACT THE TARIFFS - GOOD, GOOD NEWS TODAY.
3-1-2016 Intel/Newshound Guru Poppy3 THE [PARLIAMENT] AGENDA FOR TOMORROWS [TUESDAY] MEETING --- LOTS OF FINANCIAL LAWS AND REFORM DISCUSSION ON THE AGENDA. TIME WILL TELL OUR STATUS VERY SOON. ARE THEY ACTING ON WHAT THEY SAID 3 WEEKS AGO OR ARE WE WAITING FOR ANOTHER PROMISE OF ACTIONS ON THEIR PART.
3-1-2016 Newshound Guru Millionday Article quote: "Detecting the central bank on Saturday announced the launch of the sale of government bonds through next March, while calling for the integration of private banks to reduce their number to match the actual need for stressing the importance of an auction sale of foreign currency to maintain the stability of the dinar exchange rate." BONDS OF COURSE WILL BE ON THE MARKET IN MARCH. THE BONDS PULL MONEY OFF THE STREETS...THE GOAL IS TO REDISTRIBUTE THE LIQUIDITY FROM ON THE STREETS...AND GET IT TO THE BANKS...THIS GIVES THE BANKS LIQUIDITY TO INVEST AND GAIN IN DUE TO THE MACRO-ECONOMICS OF BANKING...SO THIS WILL LEAD TO THE RAISING OF THE VALUE -- WHOOOPOW...
3-1-2016 Newshound Guru rcookie ENTIRE LIST OF CABINET TECHNOCRATES WITHIN 10 DAYS... [wow, we don't have to guess as to where we are at...they are telling us where they are at...] YES...AND THEY HAVE BEEN ...JUST NOT WITH TELEGRAPH OF A SPECIFIC DATE...THE REPORTS LAST NIGHT CONCERNING INTERNATIONAL AUDIT OF MOF & CBI WERE ALMOST VERBATIM OUT OF THE IMF LOI...
2-29-2016 Newshound Guru tlm724 Article quote: "...the National Alliance MP Ali Safi said the new Prime Minister Haider al-Abadi ministerial cabin offers during the next two weeks..." he is saying 2 weeks ...and you will have ministerial reform.
2-29-2016 Newshound Guru wmawhite I do believe that these next few weeks continue to be super significant...I believe the IMF back in November 2015 said what they said because they expect certain action on the part of Iraq...and here it is again: "he stressed that Iraq will return to economic market during the first half of next year." The spokesperson did not say..."hoped, wished or maybe or looking forward to it"...instead, he said "will"...it will...not if...but, will...
2-29-2016 Newshound Guru rcookie A LOT OF PEOPLE LOOKING FOR WAYS IRAN ECONOMY SINCE POST SANCTIONS WILL IMPACT IRAQ...THIS IS YET ANOTHER REASON PRIVATE SECTOR ACTIVATION ALONG WITH CUSTOMS AND EFFICIENCY OF BORDER CROSSINGS OPERATIONS IS SO IMPORTANT BETWEEN IRAQ & IRAN WITH THE 3.5 MILLION RELIGIOUS VISITORS EACH YEAR...AND RESULTING COMMERCE REALIZATION...IRAQS LABOR MARKET AND INVESTMENT REDUCES PRODUCTION COSTS AND PROFITABILITY...AND ADDRESSES DEMAND FOR HARD CURRENCY CAUSED BY TRADERS CONTRIBUTING TO THE FLUCTUATING EXCHANGE RATES WITH INCREASED DEMAND OF HARD CURRENCY TO FINANCE EXTERNAL TRADE...
2-29-2016 Intel/Newshound Guru Backdoc WELL OBVIOUSLY WE HAVE PASSED IMPLEMENTATION DAY BUT DON'T TELL THAT TO IRAQ BECAUSE THEY ARE WORKING ON GETTING A HAMBURGER FOR WIMPY TODAY, SO THEY CAN GLADLY PAY FOR IT ON TUESDAY, WEDNESDAY, OR THURSDAY... DON'T FORGET IRAN SAID THE TWO SHIA BROTHERS WOULD GO TOGETHER! IMO.
2-29-2016 Intel/Newshound Guru Poppy3 I AM VERY ANXIOUS ABOUT THE NEWS THIS WEEK. IF GOOD THINGS START HAPPENING I EXPECT THINGS TO MOVE FAST IF THEY STICK TO THEIR PLAN AND START THE ACTIONS FOR COMPLETE FINANCE REFORM. WE SHALL SEE IF THEY WERE SERIOUS...IN THE NEXT 72 HOURS WE WILL KNOW.
2-29-2016 Newshound Guru Kaperoni Article: "Keywords (time): The project provides effort and costs and are reluctant Alberoukratihkhbayr welcomed the idea of...collection of electronic and mobile payment..." Quote: "She said that Tamimi (this system will help ease the state in control of the money), weighted (work with this system and its application in the next month)" Sounds like March/April going to be good months with all the conferences (ISX and banking), laws passing, and the reference in this article to application of e-dinar electronic payment system.
2-29-2016 Newshound Guru Holly1 IMO only...cause what is said on the other side [of the world]...looking for 50 and higher in oil...and is expecting this in the second half...recall they also said a couple weeks ago the currency will be the strongest in the world...IMO...3 PLUS WHEN THEY ROCK THIS OUT...ONLY MY OPINION.
2-29-2016 Newshound Guru tlm724 Article quote: "...the House of Representatives, in collaboration with the United Nations Development Programme Conference, and carrying the slogan« national reconciliation roadmap toward Iraq a secure and prosperous »...to build a state of citizenship of the President..." ...the speech delivered by the Chairman of the Board of Representatives, Dr. Salim al-Jubouri, while attending a reconciliation conference of community and social cohesion...This is the road map for national reconciliation in Iraq and they have admitted that they need help from the United Nations to bring it all together. They are getting there!
2-29-16 Newshound Guru wmawhite WTO has nothing to do with what we are waiting for...the WTO decision is an after the fact event.
2-29-2016 Newshound Guru Admin Bob Article: "Products: We expect the banking sector wide initiatives to ensure the success of the donors' conference" Quotes: "...next April and expressed hope that the participation of the sector wide in this national action..." "...pointing out that we are up to date with preparations for the conference..." This is just my view but this article seems to imply they will open the banking system 'wide' prior to the April conference. Time will tell.
2-28-2016 Newshound Guru wmawhite ...the term "free market economy" or "activating the private sector" are another way of describing "entering the economy markets". In order for Iraq the have a free economic market, the individual business owner has to have the ability to buy something from outside of Iraq and automatically have it paid for using his/her Iraqi bank account using his/her country's currency. ...as I have stated many times...we will never hear "RV" or "RI" but we have been given the same information....only it has been described in other terms.
2-28-2016 Newshound Guru OOTW Article quote: "He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy..." "FREE MARKET ECONOMY"...THIS IS WHAT WE WANT TO SEE.
2-28-2016 Newshound Guru Enorrste Article: "Keywords: our ultimate goal of financial stability" It seems clear to me from the content of this article and the fact that it lays out the steps needed clearly and directly, that this is being driven by the IMF. The CBI could have made this statement 3 years ago but I doubt that they were well enough equipped to know just how to proceed. The fact that this plan is laid out so clearly points to the direct influence of the IMF. I am particularly pleased with the statement that an FDIC type of law is going to be passed soon. Quote: "...He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House..." If the IMF is going to bring Iraq into the world market by the middle of this year they must get these balls rolling, and the sooner the better.
2-28-2016 Newshound Guru wmawhite THERE IS SO MUCH NEWS RIGHT NOW THAT DIRECTLY CORRELATES TO IMF BANKING SUPERVISION INITIATIVES...any doubt why the IMF told the world during November 2015 that their expectation was for Iraq to enter the economy market during the first half of 2016? ...you have already been told "when" by the one entity that knows more about Iraq than Iraq does. ...the "group" of players (IMF, WB, CBI, GOI) are pushing forward with purpose and a timeframe in mind.
2-28-2016 Intel/Newshound Guru Backdoc WITH MANY GUILTY INDIVIDUALS LEAVING PALACES MINUTES BEFORE PROTESTERS, THE HEAD JUDGE POSSIBLY REMOVED, FINANCE MINISTER WITHOUT FINANCES AND NO WHERE TO BE FOUND, AND MOST MINISTERS RUNNING LIKE COCKROACHES AND AOL, AND I DON’T MEAN ON THE INTERNET...MAYBE JUST MAYBE THE MOST IMPORTANT LAW OF ALL WAS JUST PASSED! THE LAW THAT MAKES ALL OTHER LAWS HAVE TEETH LIKE A GREAT WHITE SHARK. THE FEDERAL COURT LAW! ACTIONS MEAN THINGS...WE WATCH WE WAIT!
2-28-2016 Newshound Guru Mountainman [...the Central Bank is working to be the first institution in Iraq , using the best technologies and regulations governing the work of the banking sector...the strategy launched by the Central recently , were the first in the history of Iraq in terms of content and method of preparation, as the first plan went through all the stages that require going through the plan...it has been adopted for implementation...] So "WHAT" we have Here is an APB....(ALL POINTS BULLETIN)...W/ A NEW STRATEGY LAUNCHED/ IMPLEMENTED = "ACTION"...For "WHAT"?...To Bring INTERNATIONAL STABILITY/ SECURITY/ STANDARDS w/ OVERSIGHT by Them...to "ENSURE"...The INTERNATIONAL "FRAMEWORK" and IMO...CREATE/MAINTAIN (CONFIDENCE) as IRAQ (TRANSITIONS) to It's NEW ARTICLE( 8) COMPLIANT VALUE/RATE...Using UPDATED INTERNATIONAL TECHNOLOGIES and FOLLOWING the RULES/ REGULATIONS INTERNALLY and EXTERNALLY(BANKING)!...IMO.
2-28-2016 Newshound Guru Tlar I think the CBI's reserves are much higher than they report to this day. This would affect the value of the dinar times 2 and some change. So I believe the rate they will do has the potential of being higher than just delegating 3 zeros. We have all though that when you remove the leading zeros it meant 86 cents, but truth...without further details it could mean 86 cents or any number above that. It only latterly means THOSE ZEROS WILL BE GONE ONCE DELETED. It doesn't necessarily tell us anything else to help us determine what that rate may be. The delete the zero program was envisioned as far back as 2006. That's now 10 years ago. At the time the reserves were around 30 billion... In 2008 the CBI commissioned the strategic study with plans to delete the zeros in 2010. The study concluded at that time they could support 1.13 dinars to 1 US dollar. A lot has changed. So what's the number today? ...I have a cluttered and prejudice thought process when it comes to the rate. I think it will in the higher rather than lower range.
2-28-2016 Newshound Guru Tlar ...on the plan to open the economy in early March along with the new port...I still can't see them doing any of this without an international currency. The IMF is gearing them to go to Article VIII in March. Also all the recent talk upgrading upgrade the CBI governor to someone who has an education and experience right at this moment. Not to mention the IMF's statement that Iraq will seek to join the world economy in the first part of 2016. The speed at which they are attempting to remove corruption (the old guard) from the government as if someone or some group is trying to make this change do to some schedule. As far as the value of the dinar, I have always believed that we have only partial facts. That is intentional I can assure you. [post 1 of 2....stay tuned]
2-28-2016 Intel Guru Delta [WHAT EXACTLY DOES "REMOVING THE EXCHANGE RATE RESTRICTIONS" MEAN?] "transfer of investment proceeds that gives rise to an exchange restriction" MEANS: THE FREE MOVEMENT OF CAPITAL = ARTICLE 8 = TRUE RATE. WE WILL SEE IF IRAQ LISTEN TO THE IMF BY FEB 29. URGENT FROM IRAQIA TV: CBI WILL LAUNCH CURRENCY BONDS BY MARCH!
2-28-2016 Newshound Guru Kaperoni Article quote: "...the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, ..." I think this article is great...it really explains the plan as we see it...I want to add this is very exciting...as it clearly implies that at some point they will activate the market economy...
2-27-2016 Newshound Guru Tlar I think...that something of great historical importance is happening in front of us while we watch. This is a defining moment for Iraq. I just feel there is a deadline they are chasing and as such, IMO I think they will get this done quicker than you think. I...hope for this to be over in as few days as possible few delays and quick resolutions to follow, with the ultimate goal being a new government free of corruption. I believe unless something comes up totally unforeseen, I believe we will see the dinar go international on or before the end of this quarter (March 31st). I am basing this thought on the instructions given by the CBI to make their books retroactive back to January which I believe means there is probably a change in the value of their assets based on a new value of the currency. Also on the plan to open the economy in early March along with the new port. I still can't see them doing any of this without an international currency. [post 3 of 3]
2-27-2016 Newshound Guru Tlar In theory Maliki is not in parliament, nor is he a Minister or any part of the government....His options other than trying to assassinate Abadi which at this point with the US protecting him, are diminishing by the hour. He is losing control fast now and those that he trusted, those that are also corrupt are in a life saving mode. The new government will be seated very quickly with little opposition from the corrupt because IMO they will be very busy trying to "fix" what they did making deals, or they will be on the run internationally...The rallies being held today is the death knoll for the existing government...IMO...Before there wasn't a clear strategy or plan...This time it is different. The plan is what has brought them together and out in droves. I think they understand that if they support this movement, that change is coming... I...feel that it will be over by Monday meaning the corrupt Ministers will resign. [post 2 of 3....stay tuned]
2-27-2016 Newshound Guru Tlar Article quote: "Thousands of supporters of the Sadrist movement, on Friday in Tahrir Square in central Baghdad, in support of the initiative of the leader of the reformist trend, while the roads leading to the square witnessed intensive security measures to protect the demonstrators." Now that's a show of strength. I would be willing to bet that the SOL ministers and any minister who has been stealing, that has yet to resign hoping to survive this, who are in their offices today staring at the mass of people at the wall of the green zone, will resign immediately and leave quickly through the back door. Any minister who stays past today or for that matter any block who is intending to side track these reforms, beware. The corruption's day of reckoning is just around the corner. [post 1 of 3....stay tuned]
2-27-2016 Newshound Guru Breitling an article came out talking about the corruption inside Iraq…it put a lot of people in panic mode. It’s real simple…the people putting this stuff out, it’s just like the United States. You have the Republicans accusing the Democrats of being corrupt and the Democrats accusing the Republicans of being corrupt…it’s the same exact thing in Iraq. There’s going to be corruption everywhere…the article means absolutely nothing. Did it change the math on the dinar? Did it change the supply times velocity? Did it change any of that stuff? No…follow the numbers.…what does it have to do with the note count? Absolutely nothing…we stay focused on the numbers.
2-27-2016 Intel/Newshound Guru Poppy3 ...WAITING TO SEE IF THEY ACT ON THEIR REPORT ON THE FIRST. I HEARD TODAY THEY ARE STILL PREPARING FOR SEVERAL DIGNITARIES TO BE IN ATTENDANCE IN BAGDAD IN THE FIRST DAY OF MARCH. TIME WILL TELL BUT MANY ACTIONS LATELY HAVE SHOWN URGENCY TO GET THINGS COMPLETED.
2-27-2016 Newshound Guru Kaperoni Article: "Standard & Poor's" proving "Iraq" rating when -B / B" Quote: "Direct: set the credit rating agency "Standard & Poor's" Friday classified State of Iraq when B- / B despite lower oil price expectations and given a stable outlook." No change from last time. B-...
2-26-2016 *** Dinar Guru Newsflash UPDATE *** Here's the latest update on the Sterling story. It was reported by a Georgia news organization Monday that Sterling Currency Group and TerryK were formally indicted with what's being called a dinar sales scheme. This is an unsettling story that's been ongoing since June of last year. I sent out two Dinar Guru Alert Member emails over the last couple of days about this and how to confirm the authenticity of your dinars (so far, knock on wood...no reports of fakes regardless of whether purchased from a dealer or a bank) since so many of you were concerned about it...if you are on the list check your inbox.
2-26-2016 Intel/Newshound Guru firefly I am not looking at oil as most are. The IMF had told Iraq to diversify and THEY HAVE. Remember, Agriculture is just as valuable as gold is. And the CBI is overflowing with gold reserves in accordance with international standards.
2-26-2016 Intel/Newshound Guru tman23 Salih, a member of the Kurdistan Parliament has criticized the Kurdistan Regional Government (KRG) for “misleading” the public in Kurdistan and giving “contradictory speeches” regarding the cessation of the region’s oil exports. NRT TV reported...“The KRG is deceiving the public,” he said...They have recently reported there was an explosion on the oil pipeline while yesterday the KRG spokesman said bombs have been placed surrounding the pipeline...On the other hand, the Ministry of Natural Resources says the pipeline is old and will be reconstructed,” ...The Kurdish MP Salih additionally claimed the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) have information about the region’s oil sales and revenue but they are keeping silent...Exports through the pipeline were halted Feb 16 and are unlikely to resume until Feb 29... INTERESTING, EH? PRODUCTION START UP MARCH 1ST...CAN THIS 2 WEEKS OF HALTING BE "INVENTORY" AND "OIL AGREEMENT"!!
2-26-2016 Newshound Guru Kaperoni Article quote: "...reason flotation of the Iraqi dinar, that oil imports come to us in US dollars, and when the government convert dollars to the dinar money will be available to be able to pay salaries..." Like the mention of floating the dinar...IMO if they were to float today, the dinar may very well drop in value. That being said, I don't think the CBI has any intention to get off the peg yet. To much to do to create the economic momentum needed still. Until then we wait.
2-26-2016 Newshound Guru Adam Montana [The amnesty bill keeps being pushed back. How significant is this in the process?...] ...this is a technical issue, dealing with a small portion of Iraq's issues. The fact is very simple that they can have these problems AND a higher rate...but they will not be able to maintain the higher rate without the HCL.
2-26-2016 Newshound Guru rcookie ...WHO IS RESPONSIBLE FOR THE PRIVATE BANKS PROBLEMS...IT IS THE 2 BIG STATE BANKS UNDERMINING THE PRIVATE BANK SECTOR...BECAUSE OF CONTROLLING 90% OF IRAQS ASSETS...WHICH IS EXACTLY WHY THEY ARE DECONSTRUCTING... RESTRUCTURING AND PRIVATIZING...RESTRUCTURE IS DUE BY END OF MONTH...AND WE ALREADY HAVE REPORTS OF THE NEW BRANCH & DEPARTMENTAL STRUCTURE THAT ARE ALREADY PROCESSING NEW SME REQUESTS...WOOOOOO HOOOOOOOO! [reference Guru firefly post below 2-26-2016]
2-26-2016 Newshound Guru firefly Article quote: "Baghdad – counting and Planning Minister Ali Shukri, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.” There is nothing that is currently being reported that has been mandatory for many years. I've had this article for years...NOTHING has changed. [I forgot what a big deal restructuring those 2 banks was...] It is absolutely huge, specially when the WB/IMF/UN are so deliberate regarding the restructure of these banks in order to put a real rate on the currency.
2-26-2016 Newshound Guru OOTW THE GOI HAS TO BE SEEN RECOVERING EVERY SINGLE PENNY THEY CAN, TO APPLY THE RECOVERED FUNDS TO THEIR MONETARY NEEDS - TO ADDRESS SHORTAGES...THEY HAVE A LOAN FROM THE IMF AND OTHER INSTITUTIONS AND THEY HAVE TO BE SEEN (JUST LIKE FOR INDIVIDUALS) IN GOOD STANDING FOR THEIR GLOBAL POSITION AND THEIR "CREDIT" RISK RATING WITH THESE INSTITUTIONS. I AM VERY ENCOURAGED, ESP AFTER TODAY, THAT THE AMNESTY LAW HAS NOT BEEN PASSED - WE DID NOT WANT IT PASSED AT THIS TIME...THEY'RE WORKING TO GET IT RIGHT....EXCELLENT NEWS.
2-26-2016 Intel/Newshound Guru tman23 So Kurd exports through Ceyhan were halted Feb 16th...And said to expect to open production again Feb 29... basically 2 weeks OFFLINE! Now from their latest article... Starting next month...For the first time the monthly reports include the revenues received by KRG on account and cargoes lifted by buyers from Ceyhan... Whatever is going on here certainly has one objective...without doubt there is some sort of agreement and March 1st is the start date...
2-26-2016 Intel Guru Bruce ...in the past we were able to talk about Intel and now that we are very close we have been asked not to talk about certain things rate...the final piece of the puzzle was suppose to be at 9 pm tonight [Thursday]...understand Iran was given 10 days by IMF to let their currency be known throughout the world...we understand that deadline is our late tonight [Thursday/Friday] and another thing through another source that a very quick [announcement] was made on Fox Business...the gist of it was Iraq Dinar currency was live...intimated that it was international...we just report you decide...some things have transacted...this might be a little premature, but not much...looking for the conclusion any moment...
2-25-2016 Newshound/Intel Guru BGG ...I found it very curious the US had a high level delegation meeting with the judiciary in charge of that long list of prosecutions... there was at least 1 Maliki on that list... NO WAY NURI would allow his son to be on that list had he any power - at all...Yes SIR!! Corruption disruption - FULL STEAM AHEAD!!
2-25-2016 Intel Guru Frank26 There have been comments to the effect that auctions will stop on the 29th of February, is there any official basis to this idea? Official...no...it is a goal...and you know the IMF gave them a list of many things they need to accomplish by the end of this month...that is one of them...will they stop those auctions...IMO...no...not until they raise the value of their currency...those auctions are the only oxygen that Iraq is getting...and now that they have fixed the auctions that oxygen is at 100%.
2-25-2016 Newshound Guru OOTW Article quote: "sources revealed that the Iraqi Prime Minister Haider al-Abadi ordered Dioanaa b dismissal of director TBI Hamdiya dry, in preparation for submission to the court." ...A GREAT ARTICLE ABOUT THE HEAD OF THE TRADE BANK OF IRAQ...THIS WOMAN REPLACED THE FORMER HEAD OF THE TBI - MALIKI APPOINTED HER TO TAKE OVER FROM THE FORMER PRES - SO HE COULD GET HIS HANDS ON THE LOOT FROM THE TBI. SHE'S BEING FORMALLY CHARGED WITH CORRUPTION. THIS IS GREAT NEWS. HOW MUCH HIGHER DO THEY NEED TO GO TO PIN THIS ON MALIKI NOW? WE'LL HAVE TO SEE.
2-25-2016 Newshound Guru tlm724 Article quote: "We have reached another milestone to benefit from accompanying the extraction of oil gas," adding that "we produce what is 90% of the local need after it was burned in the past." ...that was one of the conditions set by the IMF, way to go Iraq!!!
2-25-2016 Newshound Guru rcookie I THINK IRAQ IS TRYING TO DO ITS PART...AND TURN PAGE INTO NEW ERA...3400 CORRUPTION CASES PROCESSED IN 2015...4000 CORRUPTION CASES TO INTERIOR AND INTEGRITY FOR 2016...
2-25-2016 Newshound Guru Millionday Quote: " ...stock prices are also affected by a decline of performance indicators for companies to contribute to 2015 and its reflection on the profits earned and dividends size between shareholders because of the unexplained increases in capital companies, especially in the banking sector..." THIS IS A MAJOR REPORT...THEY HAVE OF COURSE SUFFERED WITHOUT THE MARKET BEING GLOBAL BUT --- THEY GO ON TO SAY >>>THEY HAVE UNEXPLAINED INCREASES IN CAPITAL COMPANIES... WHOOPOW. UNDERSTAND THE ANNOUNCEMENT...THIS IS THE REMOVAL OF THE REGULATIONS DUE TO SANCTIONS...WHOOOPOW --INTERNATIONAL COMPLIANCE FOR ISX...THIS IS ABOUT OPENING IRAQ TO THE MARKET. THIS HAS NOT BEEN DONE AT ANYTIME BEFORE --- VERY INTERESTING.
2-25-2016 Newshound Guru Adam Montana [Is Abadi really under the gun to complete the monetary reform in Iraq at risk of being removed from office?] In my opinion... not in the slightest. He's done so much good, and has so much positive influence, there's no way he's under any serious risk of being "removed".
2-25-2016 Newshound Guru firefly Everybody needs to take a deep breath and relax. We are in the process. No turning back! The IMF even told the world Iraq is entering the global MARKET$. How much more confirmation do you need?
2-25-2016 Newshound Guru Millionday Article quote: "a large economic conference to be held early next month in Basra, attended by major international companies and owners of capital to activate the subject of the port of Faw." THE ACTIVATION CONFERENCE FOR THE PORT OF FAW IS IN A WEEK OR SO --- THIS IS ONE OF THE MOST MAJOR PORTS ON THE GLOBE AND IS FOR TRADE. THE PREPARATIONS ARE COMPLETE AND THE INTERNATIONAL INVESTORS WILL BE PRESENT...THIS IS THE PUMP START OF THE MARKET ECONOMY OBVIOUSLY AS IT WILL BE FOR THE ACTIVATION OF WATER WAYS IMPORTS /EXPORTS ETC. KNOW THE JOBS AND EXCITEMENT THIS IS CAUSING -- THIS IS HUGE AND A BIG TASTE OF NORMALCY THAT HAS NOT BEEN SEEN FOR MANY YEARS.
2-25-2016 Newshound Guru tlm724 Article quote: "Prevent the cleric Muqtada al-Sadr, Wednesday, carrying weapons, said political parties in a demonstration next Friday to preserve the peaceful demonstrations..." Sadr is making his point and wants this demonstration to be peaceful and make an impact...I have to admit that Sadr has the right idea, this may just help push the GOI to keep up the momentum of change, reform and the fight against corruption!
2-24-2016 Intel/Newshound Guru Backdoc IRAQ'S SHIA BROTHER IS RUNNING LIKE THE GINGERBREAD MAN TO GET CAUGHT UP BEFORE THEY RUN ACROSS THE FINISHING LINE TOGETHER! SERIOUSLY, THE NEWS COMES FASTER AND FASTER WITH IRAN, WHILE IRAQ IS DRAGGING A FOOT ALONG SIDE THEIR BIKE TO SLOW DOWN WHILE THEY WAIT FOR THEIR SHIA BROTHER! ... IF YOU EVEN DOUBT THAT WE ARE NOT CLOSE TO COMPLETION THINK AGAIN!
2-24-2016 Newshound Guru Adam Montana [What's your take on Iraq getting the approval from the UN and WTO on the upcoming issue of Articular 8...?] I've never placed a major emphasis on Article 8, and I still don't. That would be a strategic detail, whereas I still believe it's more about the fundamentals at this time. Those fundamental things have been whittled down to a very short list: 1. HCL. I like short lists! Here's something for everyone to consider, speaking of fundamentals. I made a big deal out of how the Kurds and Baghdad were getting along so much better lately. If you've been in this for long, you will know that we used to ALWAYS see article after article about 7% this and 14% that and Kuwait boycotting Parliament due to non-payment and on and on... have you seen much of that lately? Or any? Nope. It's been very quiet on that front, because they've got those fundamentals worked out. They're playing nice with each other, and despite the wait... I really like our odds once we start seeing oil go back up.
2-24-2016 Intel Guru Frank26 I know I-TEAM said...we are looking at this month...[Guru] DELTA thinks...this month...ok...what did I tell you...probably towards the end of March...but likely towards the end of the first half of 2016...and I have not changed from that. I’m extremely happy to see what you are seeing though...the international world of investors...going ballistic right now with what they are seeing...
2-24-2016 Newshound Guru rcookie THERE WILL NEVER ...EVER...EVER... EVER...EVER...EVER...EVER... BE A DATE TELEGRAPHING AN IQD VALUATION RATE CHANGE...NOT EVER...ONCE YOU EMBRACE THAT CONCEPT...THE REST IS CAKE...
2-24-2016 Intel Guru Bruce ...this thing so close in terms of intel, been asked to lay low. We are hearing very good things this morning about the initiation of what we are looking for to have begun. WE are looking for the evidence of that any time...Everything is in process. I believe it has begun, just waiting for our turn...
2-24-2016 Newshound Guru Adam Montana Last week I spoke a little about the price of oil and how it's likely affecting Iraq's ultimate goal of raising the rate of the dinar. Look... this is real simple. It certainly doesn't take a rocket surgeon or a brain scientist to see that oil is silly low right now. After you take into account for inflation, it's even more obvious that this low rate cannot last. Now, if a bunch of numbskulls like us can easily see that oil should probably be closer to $80... don't you think Iraq can, too? I certainly do. As I type this, oil hasn't moved and we still haven't seen any significant news on the HCL. The GOOD news is that it also doesn't take a genius to grasp that oil is probably about as low as it can possibly go, which means there's only one way for it to go from here. UP. And the GREAT news is that in spite of these ridiculously low oil prices, the CBI has maintained a very strong grip on the exchange rate, proving that they are, as always, very capable of manipulating their market how they wish. ...at this time I think our motto is: "Watch the oil".
2-24-2016 Intel/Newshound Guru tman23 The important thing to keep in mind is the GOI is bankrupt and cannot pay it's bills... The term being used is "liquidity issue" and "financial crisis"...But by all definitions, when you cannot pay your creditors, make your payroll, and your income is way less then your expenses, YOUR BANKRUPT... Now you have assets but in the real world you enter Bankruptcy Chapters for protection... The CBI has 59 billion in reserves and the plan was described to cover the GOI expenses for 6 months with loans through purchasing government bonds... The GOOD in all this is the pressure is also on the CBI... Central Banks do not relish the thought of their reserves being depleted...And even though the GOI has a plan to open the market economy, this is no where near a quick fix that in 6 months it is flourishing...the infrastructure isn't there! Abadi is on the right path and has the support of the higher heads that matter... And that may just be enough for the CBI and IMF...
2-24-2016 Intel/Newshound Guru Backdoc [...what is your take on the deal the cbi has with the imf on the things that need to be done by the end of february...do you think we will see an RI at the end of february and an RV by the middle of the year...?] BASED ON THE ARTICLES I'VE STUDIED AND THE IMPLEMENTATION THAT HAS BEEN REPORTED WITH IRAN, I BELIEVE THEY ALREADY HAVE THE RATE! THE ONLY MYSTERY IS WHEN THEY WANT TO SHOW IT! THERE IS A PLAN I ASSURE YOU! ...THEY DIDN'T PASS THE AMNESTY LAW! WHY? BECAUSE ITS NOT THEIR TIME YET! ITS NOT ABOUT THEM YET! VERY SOON IT WILL BE AND THEY WILL SHOW OFF MR. LONELY TO THE WORLD!...
2-23-2016 Intel Guru Frank26 We believe that whatever celebration took place was not so much about...oh look we have a new exchange rate...oh look we have LD’s...no I think the celebration was about the idea that the CBI is about to kick itself off into the international world...yes which will require all these other things we were looking for...but the celebration was very specific on their behalf...We have LAUNCHED the mechanisms and plans for what we are going do at the CBI from 2016 to 2020...do you think that one of them is to raise their value... well YEAH...they made that very clear...crystal clear... The IMF said... remember...by the end of February...by the end of this month...that they were to remove the distortion of their currency...they were to remove the fake numbers...why...for the investors who are to soon come in to our country...when we go into Article 8 the international world is going to flood us...and explode us...and make us one of the most powerful nations on this planet. So if the IMF said this...and you see the evidence that they are doing it...IMO...it is coming about... [post 2 of 2]
2-23-2016 Intel Guru Frank26 They are having private meetings for the purpose of selecting the directors of the CBI...the voting they did was to approve these directors to remove the issues that the CBI has been having...especially with their currency...I would like to say with the exchange rate...but I don’t want to reach that far and make you think…oh they were talking about the exchange rate...we don’t know for sure...because we can’t prove it...so I’m not going to mislead you...but I will tell you what they did talk about...and we do feel that the exchange rate was part of the topics...it is my opinion that the Board of Directors is making decisions on their currency...on the exchange rate...the Board of Directors now have the final say on these numbers. [post 1 of 2....stay tuned]
2-23-2016 Newshound Guru OOTW WOW - SO MUCH GOING ON TODAY - ESPECIALLY RE CORRUPTION - THIS IS GREAT TO SEE. I HOPE THAT THE ARTICLE...YESTERDAY IS A TRUE INDICATION THAT WE MAY SEE A CHANGE IN THE GOV OF THE CBI...THIS MIGHT WELL FALL IN LINE WITH SWEEPING GOVT REFORMS. THERE HAS BEEN CONCERN THAT ABADI WAS GOING TO REPLACE EXISTING MINISTERS WITH MEMBERS OF THEIR RESPECTIVE BLOCS. THE PAST FEW DAYS ARTICLES HAVE ADDRESSED THAT HE WILL REPLACE THESE MINISTERS WITH TECHNOCRATS AND NOT NECESSARILY WITH MP'S FROM THE SAME BLOCS.
2-23-2016 Newshound Guru Kaperoni Article quote: "Iraq News Network called for the National Alliance deputy Prime Minister Haider al-Abadi to an independent person to the post of governor of the central bank" History has shown any change in CBI governor has slowed monetary policy. In fact, it has been proven with the change from Shabibi to Turki, the Allaq, that a change creates a period of "acclimation" for the new governor. If they are really about ready to open the banking system, and move to Article VIII and float the dinar, now is not the time to remove Allaq. ...managing the auctions, improving the banking system, etc. falls under Allaq and so far it seems he is following what is expected of him. Certainly the IMF is watching as they even call it a "monitoring program." If it was up to me, I would continue on the same path at least until August so we can see if they can accomplish what was stated.
2-23-2016 Newshound Guru rcookie WITH THE LEVEL OF CORRUPTION OPERATING AT SUCH A PROFOUND LEVEL...THEY COULD NOT JUST GO IN AND EXECUTE A MASS ARREST JUST FOR THE SAKE OF IT...LAWS NEEDED TO BE AMENDED FROM LEGISLATORS AS GUILTY AS SIN...JUDICIARY SYSTEM HAD TO BE RESTRUCTURED TO SUPPORT THE AMENDED LAWS...AND WE ARE NOW SEEING THE RESULTS OF THIS ONGOING ACTION PLAN...POWERS TAKEN AWAY FROM INFLUENTIAL DISRUPTORS AND OBSTRUCTIONISTS...LAWS AMENDED...COURTS EMPOWERED... MECHANISMS IN PLACE TO PURSUE AND RECOVER STATE ASSETS...WHEN HAS ANYTHING IN IRAQ EVEN CLOSELY RESEMBLED WHAT IS GOING ON...ITS EASY...IT HASNT...EVER...EVER...EVER. [post 2 of 2]
2-23-2016 Newshound Guru rcookie Article: "The banking and financial system in Iraq flabby and all those who support it corrupt and non-specialists," adding that "need to be a radical change and put people replacements for existing." THERE IS ABSOLUTELY NO ACCEPTABLE ANSWER TO THE MASS CATASTROPHIC FAILURE OF THE AUCTIONS AND OVERSIGHT OF BANKS INVOLVED...AND THE STABILITY OF THE DINAR VALUE IN THE MARKETPLACE... THE MEASURE OF HOLDING ACCOUNTABLE WE HAVE ALL BEEN LOOKING FOR IS PLAYING OUT...4000 NEW CORRUPTION CASES IN FRONT OF INTERIOR...130 CASES IN FRONT OF INTEGRITY FROM 1 MINISTRY ALONE...AND WITH THE PENDING COMPLETION OF THE 2 BIG STATE OWNED BANKS RESTRUCTURE...THEY ARE NOT GOING TO ALLOW THE SAME PLAYERS TO BE RECONNECTED FOR A "MORE OF THE SAME". [post 1 of 2....stay tuned]
2-23-20216 Newshound Guru firefly "Statement from the role of the central bank supervisory and regulatory framework, we inform you that there are banks and companies licensed by the Central Bank is providing payment services through cards..." is providing payment services through cards...most of those articles...are over a month old. [such as visa?] Visa has been there for yrs. Anybody that thinks VISA would operate in a country with a program rate...well...time for a reality check. Visa is in the business of making money NOT losing it.
2-23-2016 Newshound Guru rcookie Article quote: "the Ministry posted the new names of the borrowers under the lending Fund program that includes support for small income-generating projects, and industrial services..." THIS COULD BE ONE OF THE FIRST SIGNS OF ACTIONABLE RESULTS AWAY FROM COMPLETING THE 2 STATE BANK RESTRUCTURE & PRIVATIZATION....ITS IS WHOOPOW WORTHY!! 5 SPECIFIC RAFIDAIN BRANCHES TO START EXECUTING LOANS TO NEW LIST OF BORROWERS THROUGH SME LENDING FUND...348 BORROWERS...AND LOAN SPECIFICS OF 8-12 MILLION...IF THOSE SME FUNDING PROGRAMS LAUNCH AND EXECUTE IN THE NEWLY FORMED REORGANIZATION STRUCTURE WITHIN 2 BIG STATE BANKS...LOOK OUT!!!....THE FREIGHT TRAINS COMIN..
2-23-2016 Newshound Guru Kaperoni Article: "Politicians and economists call the government for "activating sector Sairafi" to solve economic crisis" We are all waiting for them to activate the market economy. Nice to see a voice coming from Iraq asking for the same. [...do you still think they'll activate the market economy sometime between now and mid 2016?] ...I would like to think Iraq will pull their heads out and get this done sooner than later and according to plan, but it is up to them not me. Before I can feel that we are close, I need to see more progress (specifically parliament passing laws).
2-22-2016 Newshound Guru tlm724 Article: "House of Representatives has decided to offer a formula to vote to end the state management proxy process." House of Representatives has decided to offer a formula to vote to end the state management proxy process...this means if it goes through then the CBI governor will either be appointed permanently or replaced, I vote for the latter but we will see. [If it's appointed, does that mean Maliki's boy will be in there for good? If that's the case, I doubt Iraq will change.] It's hard to say which way it will go, we gotta wait this one out... I hope Abadi has a bigger plan for the CBI and it's governorship!
2-22-2016 Intel/Newshound Guru Poppy3 ...THE REPORT GIVEN TO THE IMF, WB, UN SAID BY MARCH 1? ITS NOT A GUESS ON MY PART ITS THEIR WORDS ON THEIR OFFICIAL REPORT. THINGS LOOK BETTER EVERY DAY FOR THEM TO MEET THEIR OWN DEADLINE. WOW WE MAY GET PAID THIS NEXT FEW DAYS. IF THAT DON'T HAVE PEOPLE EXCITED AND ON FIRE THEN THEIR WOOD IS WET.
2-22-2016 Newshound Guru Aggiedad Article: "Deputy: the Abadi not compliment his independent personality and the nomination of the Central Bank" Appears that PM Abadi MAY be seeking an "independent" type individual to head up the governorship of the CBI...he's looking for someone with an "economic" background...and whose experience level would be "commensurate" the position of Governor of the CBI...Dr. Shabibi, is the obvious possibility...but I still hang on the hinge that Dr. Saleh could also quite handily step into this role...he's been a long time protege of Dr. Shabibi and now serves as Abadi's most able Economic Advisor...As for a vote by Parliament...this would merely be window dressing...IMO...as the final say needs to come from the IMF I believe...interesting times ahead of us...just around the corner it would seem.
2-22-2016 Newshound Guru rcookie THIS IS WHY THAT NEWS IS SO INCREDIBLE...DO YOU THINK A PROJECT AS COMPLEX AND INVOLVED AS BREAKING UP AND PRIVATIZING 2 OF THE 3 BIG STATE BANKS IN IRAQ WAS THOUGHT ABOUT IN OCTOBER...AND SAID OH YEAH LETS GET THIS DONE BY FEBRUARY...NO...IT HAS BEEN A PART OF THEIR IMF TECHNICAL ASSISTANCE PROGRAM FOR MANY MANY YEARS...WHICH NEEDS TO BE KEPT IN MIND WHEN LOOKING AT THE VARIOUS COMPLIANCE INITIATIVES THEY ARE AND HAVE BEEN WORKING ON...AND WHY THEY ARE SO FAR AHEAD OF SCHEDULE... [the 90% bank completion is very exciting.] IT SURE IS AND WILL FOREVER CHANGE THE COMPLEXION OF THEIR FINANCIAL & ECONOMIC LANDSCAPE AND GROWTH. [post 2 of 2]
2-22-2016 Newshound Guru rcookie ...A REPORT TALKING ABOUT THE 2 BIG STATE BANKS BREAKUP AND PRIVATIZATION PROJECT... BEING AT 90% COMPLETION STATUS...THE PROCESS WAS PART OF THE 2011 IMF LOI/MEFP/TECH MOU...THATS 2011. IT IS TASKED IN THE 2016 LOI/MEFP/TECH MOU TO BE COMPLETED BY END OF FEBRUARY...SO WHEN CURRENT REPORTS ARE SHOWING 90% COMPLETION...ON A PROJECT THAT IS 5 YEARS IN PROCESS...AND COMPLETION TO SUCH AN INTEGRAL MANDATE...THIS MOVE WILL CHANGE FOREVER THE LANDSCAPE AND FUNCTIONALITY OF THE IRAQI BANKING SECTOR. [post 1 of 2....stay tuned]
2-22-2016 Newshound Guru Kaperoni Article quote: "the House of Representatives to raise its regular meeting held today, the first of the next month of March after the completion of all the paragraphs of his agenda." The first is next Monday. So they are taking a week off.
2-22-2016 Intel/Newshound Guru tman23 None of this means currency revaluation but rather government stabilization AND the liberation of Mosul will place a larger burden on the GOI to provide for those citizens. The question is if revaluation that fits our speculation is real and forthcoming...Does Alak need to be replaced first? I believe that if the IQD was planned to change value to great extremes that there are only a handful of people that would know this fact, and Alak would have to be one of those people. That being the thought...Do you cut this cat loose before making the change, or do you keep him under the oath of the office and under tight wraps until after the change...? [post 2 of 2]
2-22-2016 Intel/Newshound Guru tman23 ...the inside chatter on a "caretaker government"...we are now seeing articles on such an event. Saturday in Parliament Abadi asked for more power. Although a caretaker government may not be formally announced, political blocs would like to use the legal definition to road block and delay reforms, thus more power to Abadi would block this legal avenue to the courts for the political enemies to the reforms. Other then the GOI watch for the signal from Kurdistan and the KRG. We need to see the KRG Parliament in session. This has been promised to the international community to be resolved by March 1st. [post 1 of 2....stay tuned]
2-21-2016 Newshound/Intel Guru BGG the CBI auctions are VERY peculiar... HUGE number of "buyers" - lots of different outlets... Low, Low, Low amounts. [what does this mean i ur eyes?] it means corruption is leaning out... and they are about to make a change.
2-21-2016 Newshound/Intel Guru BGG [how come such a short time span with yrs of waiting on their part getting it together...?] that answer is simple - financially... fiscally...THEY HAVE TO - BIG money troubles...if they wait - they DIE. Good for us. their own economists have outlined only 2 possible avenues of "bridge" - 1) tariffs 2) raise the value of the Dinar. looks like Abadi realized he had to get rid of a bunch of turds before he could raise the value... (the only real solution to his problem)... this will happen quickly. [post 2 of 2]
2-21-2016 Newshound/Intel Guru BGG my synopsis: Financial reform, GOI reform, and economic (the economy) reform all on deck for IMMEDIATE implementation. Financial (being the only 2 private banks)...Abadi going to strip the GOI and start over... AND He's getting ALOT of support. It would appear there have been some major crooks holding things up and they are being removed UNANIMOUSLY...like - RIGHT NOW...lots of movement on the GOI front right now...BIG MOVES...everyone appears to be on board...and this - folks - is good news. [wouldn't this add months to the RV timeline being that they have to do all this...?] No - not IMHO... they will have this (and a new Gov of the CBI) done very quickly... [how long will lt take IYO to strip the GOI and start over?] Not long...2 weeks or less... [post 1 of 2....stay tuned]
2-21-2016 Intel/Newshound Guru Poppy3 NOT ONE THING DIFFERENT THAT WAS PRINTED THE FIRST OF FEB. THEY ARE SHOOTING TO ENTER THE GLOBAL MARKETS BY MARCH 1. NOTHING HAS DEVIATED FROM WHAT THEY PUT IN PRINT. IT ALSO HAS BEEN REPORTED BAN KI MOON TO BE THERE ALONG WITH MANY LEADERS UNTIL SOMEONE WITH AUTHORITY SAYS DIFFERENT ALL THE POLITICAL NEWS MEANS ZIP.
2-21-2016 Newshound Guru Aggiedad77 What could be so paramount on the mind of the CBI officials to be meeting this weekend...is it a timing issue... [Guru] DELTA told us the CBI was bringing their Director level executives in...That doesn't happen on a lark...what has stirred them to some kind of a meeting today that is off the radar screen...it has to be something big...really big...IOO.
2-21-2016 Newshound Guru BGG Article: "Parliamentary bloc calls for invoking Article 30 of the Constitution calls for the reform of the economy" what it means is - Abadi is re-working the GOI and the Parliament is calling for the reformation and a "market economy". we have been hearing this for some time now - here it is... in print. if Parliament is "calling for it"... it is coming.
2-21-2016 Newshound Guru wmawhite ...all of what progress we are seeing is building the foundations of the institutions that will enable Iraq to be successful long after they join the markets. So think about it...is any of this "at the last minute? Answer: No...this is a never ending process for Iraq...and hopefully, as the IMF stated, huge changes will take place with the CBI and the status of the IQD when the world financial institutions begin exchanging the IQD.
2-21-2016 Intel/Newshound Guru Backdoc WHEN WILL WE ACTUALLY SEE IT WHERE IT’S POSSIBLE TO SWAP OUR 25% GOLD BACKED, SECURITIZED DINAR CURRENCY FOR ANOTHER CURRENCY? MMMM GREAT QUESTION! EVENTUALLY IT WILL SHOW WHEN YOU LEAST EXPECT IT. INTEGRATED BUSINESS DEALS BETWEEN COUNTRIES...IRAQ AND IRAN AS WELL AS IRAQ AND KUWAIT...MAKE IT POSSIBLE TO VALUE THEIR CURRENCIES IN A MORE COMPATIBLE WAY. THEIR CURRENCIES MAY BE CLOSER IN VALUE THAN MOST THINK! THERE CAN BE AN EQUALIZING EFFECT ON THESE CURRENCY VALUES WITH THESE BUSINESS PARTNERSHIPS BASED ON HOW THEY ARE IMPLEMENTED! I FOR ONE WOULD BE WATCHING EVERY MOVE THAT THE GOOD DR. S MAKES! [post 2 of 2] [post 2 of 2]
2-21-2016 Intel/Newshound Guru Backdoc TODAY WE SAW...BREAKING NEWS ABOUT IRAN TRULY IN THE PROCESS OF ACTIVATING THE SWIFT CODES! REMEMBER IRAN SAID IT WOULD BEGIN TO RE-ENTER THE WORLD IN 2 WEEKS WHICH WAS AROUND THE 8TH! THEY ALSO SAID THEY WOULD START OUT SLOWLY...AND THAT IT WOULD TAKE LESS THAN A MONTH! AROUND THE 18TH TO 20TH WOULD STILL QUALIFY FOR THEIR STATEMENT TO BE ACCURATE! WITH IRAN PREVIOUSLY STATING THAT THEY WOULD NOT RE-ENTER THE WORLD WITHOUT ITS SHIA BROTHER, IT'S NOW OBVIOUS THAT THEY MEAN BUSINESS. YES, WE HAVE REASON TO BELIEVE THE PROCESS IS HAPPENING. [post 1 of 2....stay tuned]
2-20-2016 Newshound Guru firefly Doesn't matter what the Iraqi news media tells us. Watch what they do, not what the say. There is absolutely nothing left to do but wait. [...time is coming to an end...well at least for the RV lol.] And according to Agencies...SOON...VERY soon!
2-20-2016 Newshound Guru rcookie THEIR CATASTOPHIC FAILURE IN OVERSIGHT OF AUCTION PROGRAM AND ITS CORE VALUE PURPOSE WILL BRING ACCOUNTABILITY AND CONSEQUENCES... IMO SOONER THAN LATER...ONE OF THE MOST AMAZING REVELATION THAT HAS COME TO SURFACE...IS THE FACT THAT THE MOF OWNS THE 2 STATE BANKS THAT ARE BEING IMPLODED AND PRIVATIZED...WHICH WAS VERY INTERESTING WHEN RECENT SUGGESTIONS OF MOF TAKING OVER CURRENCY AUCTIONS FROM CBI...WHEN THAT PRIVATIZATION CONCLUDES...THERE WILL BE A COMPLETELY DIFFERENT LANDSCAPE...FUNCTIONALITY AND EFFICIENCY TO THE BANKING SECTOR IN IRAQ.
2-20-2016 Newshound Guru wmawhite ...never in the 6 years I have been involved has the IMF along with the CBI and GOI stated to the world that Iraq is expected to enter the economy markets with a certain time frame. This has not happened before.
2-20-2016 Intel/Newshound Guru Poppy3 ....THE FIRST WEEK OF FEB. IS WHEN THE MEETING TOOK PLACE AND THEY...THE LEADERSHIP OF IRAQ AND CBI FILED A 28 PAGE REPORT AND THEY SAID TO THE IMF, UN, WB THAT IRAQ WILL ENTER GLOBAL MARKETS BY MARCH 1. THAT WAS THEIR WORDS NOT MINE...IT WAS THEIR WORDS IN BLACK AND WHITE AND AS OF TODAY NOTHING HAS BEEN SAID DIFFERENT.
2-20-2016 Intel/Newshound Guru Backdoc WHAT IS IRAQS NUMBER 1 PRODUCT? RIGHT! THEIR CURRENCY! BEFORE VALUE CAN HAVE REALITY THERE NEEDS TO BE A GLOBAL INTERNATIONAL STANDARD OF VALUE FOR SOMETHING! THAT CONCEPT WOULD BE EASY IF EVERYTHING WAS 100% GOLD BACKED BUT THATS NOT THE WAY IT IS! THERE IS ONLY 25% GOLD BACKING PER DINAR! THIS IS HUGE COMPARED TO THE CURRENT MONOPOLY MONEY WE CURRENTLY USE BUT THE FACT REMAINS A BASIC CONCEPT OF VALUE NEEDS TO BE DISCOVERED! IN PART, THE TOP RESERVE CURRENCY IN THE WORLD HELPS THAT REALITY TO BE DISCOVERED BUT WITH THE DOLLAR UNDER DE-DOLLARIZATION THAT NEW VALUE MAY BE MORE CHALLENGING TO DISCOVER! ...WHAT IS ABOUT TO OCCUR IN THESE MARKETS ARE MAJORLY SIGNIFICANT! [post 2 of 2]
2-20-2016 Intel/Newshound Guru Backdoc IT TIME FOR THE MARKET TO MAKE A DECISION ABOUT ITS VALUE! WITH VIRTUALLY NO GROWTH IN WORLD MARKETS FINDING VALUE IS NOW A SERIOUS PROBLEM! THE WAY THAT STOCKS ARE VALUED BASED ON EARNINGS HAS TO BE RECONSIDERED! WITH GLOBAL MARKETS SHOWING A DEFLATIONARY DEATH SPIRAL, VALUE HAS TO BE MEASURED DIFFERENTLY! CHINA TRIED TO STOP THE GREAT REPRICING BY PUTTING SELLING RESTRICTIONS ON THEIR STOCKS WHICH ONLY MADE THE PROBLEM WORSE! THIS CREATES DISTRUST IN MARKETS AND ELIMINATES A FAIR GAME! WELL, IT LOOKS LIKE THEY WOKE UP TO THAT FACT AND WILL NOW LET THE GLOBAL REALITY VALUE BE DISCOVERED! SOME FOLKS HAVE NO IDEA WHY THIS IS IMPORTANT TO YOUR DINAR INVESTMENT BUT IT HAS EVERYTHING TO DO WITH IT! [post 1 of 2....stay tuned]
2-20-2016 Newshound Guru rcookie THE 2 BIG STATE BANKS ARE BEING BROKEN UP & PRIVATIZED...BECAUSE THEY DOMINATE & CONTROL TOO MUCH OF IRAQS CURRENCY AND FIACIAL PROGRAMS WHICH HAVE UNDERMINED THE OTHER BANKS ABILITY TO EXECUTE DEVELOPMENT & INVESTMENT PROGRAMS...WHILE PROVIDING VERY LITTLE RETURN IN REVENUES TO GDP...WHICH THEY HOPE TOO GROW BY EMPOWERING MORE BANKS...AND THEY CAN ACTIVATE MORE OF THE DEVELOPMENT & INVESTMENT PROJECTS...ITS LAYING THE TRACKS FOR THE FINANCIAL & ECONOMIC FREIGHT TRAIN ABOUT TO RIP THROUGH IRAQ.
2-20-2016 Intel Guru Frank26 THE CBI IS HAVING A MEETING TOMORROW MORNING...IN OUR OPINION IT MAY BE WITH THE DIRECTORS OF THE CBI. SUBJECT IS UNKNOWN TO US BUT WE ARE ASKING [GURU] DELTA TO PAY ATTENTION TO THE ARABIC SIDE OF THE CBI STARTING TOMORROW MORNING. FROM NOW UNTIL THEY ENTER ARTICLE 8 OR LIFT THE VALUE OF THE IQD OR ESCORT THE LD'S TO DRS' BANKS... INTEL WILL BE VERY SCARCE. ARTICLES WILL BE OLD AND REPEATED AND BORING. WE WILL SHARE WITH YOU AS MUCH AS WE FEEL WE CAN DURING THESE COMING WEEKS.
2-19-2016 Newshound Guru OOTW IRAN STILL HAS TOO MUCH POWER... I DO NOT SEE HOW THE ECONOMIC REFORMS WILL BE INSTITUTED UNTIL THEY CAN ADDRESS THESE OTHER ISSUES, NO SITUATION IN IRAQ OR ANY OTHER COUNTRY IS ISOLATED. EVERYTHING IS CONNECTED. MAYBE ABADI WILL PULL A MOVE WHICH WILL ALLOW HIM TO BYPASS THESE IN GOVT WHO WANT TO KEEP THE COUNTRY IN SUPPRESSION. I DON'T WANT TO BE A DOWNER, BUT ANYONE WHO TELLS YOU THE CURRENCY WILL REVALUE AND BE REMOTELY STABLE (BIG) IF THEY DO...DOES NOT HAVE A HANDLE ON THIS SITUATION. REFORMS NEEDED ON ALL LEVELS. LET'S WAIT AND SEE - WE HAVE NO CHOICE. [post 2 of 2]
2-19-2016 Newshound Guru OOTW "REPORT TO THE UN SECURITY COUNCIL MEETING ON IRAQ" THIS REPORT FROM STRUAN'S COMMISSION IS VERY POINTED. LET'S SEE IF ABADI CAN ACCOMPLISH ANY OF THIS WITH THE RESTRUCTURING OF THE GOVT. AMNESTY BEING POSTPONED IS NOT HELPING THIS AT ALL...ONE THOUGHT...CAN WE SEE ECONOMIC REFORM WITH THIS MUCH WIDESPREAD TURMOIL IN THE COUNTRY? THE INFO IN THIS REPORT IS NOT NEWS TO ABADI. HE WANTS TO BE SEEN AS THE PERSON TO CORRECT THIS. MANY OF THE ISSUES ADDRESSED IN THIS REPORT, ARE THE VERY ASPECTS ABADI'S TRYING TO REPAIR. OBVIOULSY HIS PROPOSED REFORMS, INCLUDING ECONOMIC REFORMS, CANNOT BE INSTITUTED UNTIL THEY ADDRESS THESE GROSS HUMANITARIAN ISSUES OF ABUSE AND NEGLECT OF THE PEOPLES. [jpost 1 of 2....stay tuned]
2-19-2016 Newshound Guru Aggiedad77 Can you say it is time...empirical data...data coming quicker and quicker...the quickest...it is on it's way...Mosul residents...as you have long awaited your...freedom from the terrorists...that effort will be knocking on your door...listen for it...watch for them...all bases are covered...are you ready. SECURITY and STABILITY are at hand here for you.
2-19-2016 Intel/Newshound Guru Poppy3 MAJOR CELEBRATION PLANNED FOR MARCH 1...PEOPLE IN BAGDAD EXCITED AND GETTING THE TOWN READY PER RESIDENT THERE. ALSO REPORTS BAN I MOON AND DIGNITARIES FROM UN, IMF, WORLD BANK AND MANY WORLD LEADERS RUMORED TO BE ATTENDING. THIS INFO SUPPLIED BY BAGDAD RESIDENT. HE SAYS SOMETHING IS FOR SURE HAPPENING. TIME WILL TELL VERY SOON.
2-19-2015 Newshound Guru Breitling article “…CBI’s intention to sell bonds to the public for 7 trillion dinars through the year”. There are a couple things this is attached to. Obviously they are after the dinar. 2. They are coming up with strategies to make up for the price of oil. Even though Iraq has a huge dollar reserve. Question: Is the Iranian currency going to go up in value? It’s impossible for it not to. Here’s the thing though…It’s going to be nothing compared to the dinar. I don’t even look at it personally. I really don’t. Will it go up as much as the dinar? It’s a big fat no. But we’ll see.
2-19-2016 Newshound Guru wmawhite the price of oil has very little to do with Iraq entering the economy market during the 1st half of 2016. [but it might effect the price of their currency.] No...it will not. The price of oil has dropped over 60% and the change in the value of the Kuwaiti Dinar changed $0.20...20 cents. The KWD went from $3.55 to $3.35 per dinar. [right but Iraq has no price at this point, Kwd is already established.] Of course they know what the true value of the IQD is...how else could the IMF tell the world that Iraq is expected to enter the economy market in 2016. IMO...central banks do not go changing their values every time their GDPs change...their goal is to provide stability in their currency...IMO, they know where they want to be and IMO we will see it soon.
2-19-2016 Newshound Guru rcookie THIS IS GONNA BE A BUSY WEEKEND... ABADI WILL BE IN PARLIAMENT ON SATURDAY TO DISCUSS CABINET RESHUFFLE ISSUE. SATURDAY VOTE ON AMNESTY. SUNDAY VOTE ON ACCOUNTABILITY & JUSTIC (DEBAATHIFICATION).
2-19-2016 Newshound Guru OOTW WE'RE REALLY SEEING SOME GREAT PROGRESS...FOR THE INTEGRITY COMMISSION TO COME OUT AND NAME HIGH RANKING POLITICAL FIGURES IS GREAT FORWARD MOVEMENT... EVENTUALLY, THEY WILL PROSECUTE MALIKI. I'VE NO DOUBT THEY CAN PROVE HIS TIES TO CORRUPTION - THEY'RE SIMPLY STARTING AT THE BOTTOM OF THE PYRAMID TO ASSURE THOSE CONNECTIONS.
2-19-2016 Intel/Newshound Guru Poppy3 ...reported to me IRAN...IRAQ NOT ONLY EFFECTING US IT IS HOLDING UP THE ENTIRE CBI WANTING AND NEEDING TO RAISE THEIR RATE AND ARE ASKING IRAQ CBI TO GET ON WITH REFORM. REPORTED THEY ARE STALLING RECOVERY FOR THE ENTIRE MIDDLE EAST. ...I STILL THINK THEY WILL ANNOUNCE NEW RATE SOMETIME BETWEEN NOW AND THE END OF THE FIRST WEEK OF MARCH. TIME WILL TELL BUT I LIKE WHERE WE ARE TODAY...ALSO MY OPINION ABADI RESIGNING IS JUST A SHOW HE'S NOT GOING ANYWHERE HE HAS WORKED TO HARD TO GET THEM HEADED THE RIGHT DIRECTION.
2-19-2016 Intel Guru Bruce FROM INTEL PERSPECTIVE WE ARE FURTHER ALONG THAN WE WERE TUESDAY...WE ARE RIGHT THERE...CAN'T SAY MUCH...BUT I HAVE HEARD THAT LIVE RATES ARE NOW AVAILABLE AND SEEN BY SOME PEEPS IN THE BANK...FEEL WE ARE VERY VERY CLOSE...A LOT OF PEEPS ON GAG ORDER...THEY DO NOT WANT US TO KNOW EXACTLY WHEN THIS IS GOING DOWN...BUT CAN COME AT ANY MOMENT. WE ARE ALSO HEARING THERE ARE A NUMBER OF CURRENCIES IN THIS BASKET MORE THAN WE THOUGHT. RATES ARE REALLY GOOD.
2-18-2016 Newshound Guru BGG Abadi is fighting a MASSIVE FIGHT against corruption...he's about to deal them a MASSIVE blow...usually when Abadi takes out one corrupt player he axes three - just for good measure. Malik, Najafi, Allawi.. I am pretty sure this whole cabinet reform will result in a different appointment than Alak...to the CBI...IMHO - Alak has obviously been a Maliki obstructionist agent... thru Alak they have CONTINUED syphoning the CBI reserves and helping Iran thru the last stages of this time period...THEY WERE GETTING RICH (ER) while doing it... it's probably that simple.
2-18-2016 Newshound Guru wmawhite IMO, a lot of what we are seeing are the foundations of the institutions of a future Iraq being put into place. These institutions is what will give Iraq the opportunity to succeed in the future long after they enter the world markets.
2-18-2016 Intel Guru Frank26 ...there was an article that came out last month...very interesting...it says...An Invitation to Link the Iraqi Dinar to Global Economics...Think about the seriousness of that article...you are talking about the Iraqi dinar that is on a program rate...and you are discussing the possibilities of what it can do in a global economic environment. Why? ...because they are about to change the value of this currency to enter that international arena...that article gives me chills.
2-18-2016 Newshound Guru BGG [...are we looking at something happening within the next 3 to 6 months still?] IMHO a lot less than you are thinking... but maybe a bit longer than some are thinking...especially with this GOI "reforming"...
2-18-2016 Intel Guru Delta what else is left to do...Allak threw this party yesterday...why...to show his hand...to prove to people he can do the job...he’s going to look like the hero now...I’ve read this contract maybe 10 times and maybe I’m reading it wrong...but indirectly the IMF is telling Iraq you have to show me a new rate by the end of February...now the I-TEAM is saying a similar thing…watch for something to come from the CBI on the Arabic side...IMO...if they are following the IMF game plan then we should see a rate by the end of this month. [post 2 of 2]
2-18-2016 Intel Guru Delta This is all exciting indeed...it will be exciting to see what that next move is going to be before the end of this month...looking back at the IMF contract and all the things they are telling them to do...to be Article 8 compliant...they have a couple of hard fast things they must do by the end of February...not just with the Investment Law...but lifting restrictions on the exchange rate. So basically they need a true rate. [post 1 of 2....stay tuned]
2-18-2016 Newshound Guru firefly Everything is lining up for a fairy tale ending! I'm soooo excited...! Now the IMF is giving them a deadline of the end of February to draft and ADOPT prior to March? Coincidence? [Are you... feeling that we have a good chance of reaching our goal by the end of this month?] IMO it can happen at the blink of an eye.
2-18-2016 Intel Guru Frank26 They have told you again...and again what they are doing with their currency...they just haven’t told you when...and yet they have narrowed it down because the IMF and the US went in there and said you are going to get this stuff done by the first half of this year. ...to summarize...the best thing for me to tell you is that the CBI is looking over their bow for the right opportunity to take that shot...and you don’t see much if anything from the CBI...you are seeing everything from the GOI because that is where the movement of the Monetary Reform is at right now. So what is the next step... LD’s...when...I would say in March. So that is why we are looking for an announcement Family...from the CBI that they are raising the value of their currency.
2-18-2016 Intel/Newshound Guru Backdoc [...it is nice to see iraq and iran working together to make money...what happened to iran going global on the 18th? is that still in play or is there a delay...?] REMEMBER THOSE WERE THEIR WORDS! AND TO SOME EXTENT WE SEE THAT UNFOLDING BEFORE OUR EYES! SOMETIME BETWEEN NOW AND MID YEAR ALL WILL BE COMPLETE. BE PATIENT FOR IT TO SHOW AND CHOOSE JOY! IMO. [well it is not hard to see iran is more then ready...here is to hoping that after the cbi gets done celebrating maybe they will make time to get there monetary reforms done.] IRAQ IS NOT DONE BECAUSE ITS NOT THEIR TURN YET! SOON! SOON! IMO.
2-18-2016 Intel/Newshound Guru tman23 [so is Abadi also resigning] No...he is not resigning... My understanding is that some Ministers will released and the special committee will vett the new technocrats selected. The CoM is responsible for approving the Governor of the CBI. This scenario will be the most interesting. Basically Abadi is going to have carte blanch for a short period... [post 2 of 2]
2-18-2016 Intel/Newshound Guru tman23 The chatter is...during the Abadi reshuffle the government may move into a caretaker status government until the approval and seating of technocrats... Does make sense as Parliament and Political heads have given approval for Abadi reforms...And the 90 day "mini dictator" would work quit well to squash any immediate problems that arise thus avoiding the red tape political road blocks... AND the same appears to be taking place inside the KRG... As one article put it...Save the country or Save the government? Those were the 2 choices. [post 1 of 2....stay tuned]
2-18-2016 Newshound Guru Breitling Iran is not going to attack Iraq. The majority of the people in Iraq are Shia and the majority of the people in Iran are Shia so there is going to be a lot of trading going on so that's supply times velocity. That's positive for Iraq's economy. It's fundamental… Articles are saying Iran is on a spending spree. They're out buying the best jets they can get from the west so people can fly from one city to the next in Iran and they're opening up their business world… Guess who one of their biggest business partner is? It's Iraq. That's positive. I don't see anything negative coming down the road. Iraq has the massive dollar reserve so they can spend money…a percentage of their oil went down but they also gained it back on the value of the US dollar going up. They also gained because they reduced their note count. It's really remarkable it really is. It makes me feel good…things will come to a head coming up soon…
2-18-2016 Intel/Newshound Guru Backdoc TONIGHT I WANT FOLKS TO PUT IN PERSPECTIVE WHERE WE ARE IN THIS GAME OF MONETARY REFORM. THE IMF TOLD US IRAQ WOULD ENTER THE WORLD IN THE FIRST HALF OF THIS YEAR, SO UNLESS THEY TELL US DIFFERENT YOU CAN TAKE THAT TO THE BANK BECAUSE THEY ARE ULTIMATELY IN CONTROL AND ALWAYS TELL THE TRUTH! WHY DOESN'T IRAQ COMPLETE ITS REMAINING LAWS? WELL FOR ONE IT’S BECAUSE OIL PRICES NEED TO BE HIGHER! TODAY WAS A HUGE PUSH TOWARDS THAT REALITY! FOR SOME TIME NOW IRAQ HAS BEEN READY! IRAQ COULD HAVE FINISHED LONG AGO BUT IRAN, S.A., AND RUSSIA WOULD NOT HAVE BEEN READY! THATS WHY THE IMF SAID THE FIRST HALF OF THE YEAR! WHEN WILL WE SEE THIS ON OUR LEVEL? HOPEFULLY SOON ...
2-17-2016 Newshound/Intel Guru BGG The governor of the bank on the Keywords "The central bank is responsible for holding the currency auction Under the law, which he considers responsible for the stability of the exchange rate," noting that "it is theoretically possible that the Ministry of Finance to conduct an auction currency, but in practical terms is possible." Looks a lot like - to me...Alak is "beset" on all sides...over the last few days - numerous articles out about "no confidence" in him...potential removal...whatever the final outcome - there seems to be some real movement (as there has to be) on the part of the GOI against the CBI - or bad CBI policy...and corruption...looks like there is big movement underway - is this directly "Dinar-centric"? It would be hard to see where it doesn't impact the value of the Dinar. I think there is a lot more to this story we don't know... but Alak under the gun is good (as far as I'm concerned).
2-17-2016 Newshound Guru rcookie [This is the printed agenda. I don't see amnesty or fed ct here...didn't they say Thursday?] AMNESTY WAS PUSHED TO SUNDAY OR MONDAY...FED COURT TO EARLY MARCH... UNBELIEVABLE.
2-17-2016 Newshound Guru wmawhite All of this activity is IMO in support of Iraq's move into the international currency/commercial markets. In order for Iraq to survive it's financial institutions must be able to operate both domestically and internationally...thus all of what we are seeing. If their intention was to do nothing and continue to live off of the USD...then why bother with all of these changes... why sign agreements with the IMF...why bother telling the world that they are ready for their investments? Why? Because they are working towards a definitive date to make huge changes in their monetary system. [post 2 of 2]
2-17-2016 Newshound Guru OOTW I AM STILL AWAITING THE PRESS RELEASE FROM THE PARLIAMENT SITE ON THURSDAY'S AGENDA. SOME ARTICLES STATE THEY'RE GOING TO BE DISCUSSING BIG LAWS SUCH AS THE FED COURT ACT AND JUSTICE AND ACCOUNTABILITY AND OR AMNESTY. IT SURE SEEMS TO ME THAT SINCE JOBOURI WENT TO THE US, HE CAME BACK WITH AN AGENDA OF WHAT NEEDS TO GET COMPLETED... JMHO. THEYRE SEEMS TO BE "DRIVE" FUELING SOME OF THE ARTICLES AND ANNOUNCEMENTS SINCE HIS RETURN.
2-17-2016 Intel/Newshound Guru Poppy3 NOW WE HAVE UNITED NATIONS BAN KI MOON TRAVELING TO IRAQ WITH OTHER WORLD LEADERS TO BE THERE THE FIRST OF MARCH? WHY?
2-17-2016 Newshound Guru Adam Montana I am still impressed and encouraged by Abadi's very steady and consistent progress with so many things in the GOI...we are still miles and miles ahead of where we were a decade ago. There was a LOT to get done to get this far...We have come a long way, and I'm sure most of you realize that we're missing one big piece right now. I've been harping on it for a while now. You know what it is... HCL. So the question at this point is "Will the HCL ever happen"? Well, consider one thing...the price of oil. Has the price of oil changed, or are we seeing a major reason for it to? Not really. And I don't think this is a coincidence, but there's also been a distinct lack of discussion on the HCL lately as well. When oil starts moving again, then HCL will ramp back up, and that's what I'm keyed in on right now.
2-17-2016 Intel Guru Bruce I would say we are almost home with what I heard today. I been asked to keep all Intel basically to a minimum. It's very close. We are just coasting the rest of the way in. Iran and Iraq are good to go! Alot going on behind scenes, we are soon to see everything internationally...it's just a matter of just being notified at any time and any day!
2-17-2016 Newshound Guru wmawhite The IMF, Goi and CBI all have signed a Letter of Intent in which it is stated paragraph #19 that the government "will" move away from the MCPs which are in place because of the auctions. Remove MCPs, i.e. no auctions, means IQD must have international acceptance. ...the IMF stated in November that their expectation was for Iraq to enter the economy market the 1st half of 2016...never before in 6 years do I remember the IMF making such a statement. [post 1 of 2....stay tuned]
2-17-2016 Newshound Guru Mountainman Article quote: "Central Bank of Iran (CBI) allocated special code and password to reconnect Refah Kargaran Bank to SWIFT..." VERY NICE...IMO!...Can You say "T I M I N G"...MONEY $$$$$$$$. SINCE IRAN is READY...That Means Since they HAVE A "DOUBLE DATE" w/IRAQ...IMO...IRAQ is About to "SHOW" Herself W/HER Partner "FIGURATIVELY SPEAKING"...that is!!
2-17-2016 Intel/Newshound Guru Poppy3 [Any good news?] SAME AS THE LAST REPORT RATE TO BE POSTED IN THIS FIRST QUARTER OF 2016 AND POINTING AT MARCH 1...NOTHING HAS CHANGED FOR ME TO THINK DIFFERENT. THE 28 PAGE REPORT STILL STANDS --- FROM THE IMF, WORLD BANK, UNITED NATIONS THEIR STATEMENT...THEIR WORDS SAID IRAQ WILL BE GLOBALLY ACCEPTED BY MARCH 1 OR BEFORE THE LAST DAY OF FEB...THATS THE REPORT FROM THE VERY PEOPLE IN CONTROL...WE CAN'T GET BETTER INFO FROM BETTER SOURCES. WE HAVE A VERY SHORT WAIT TO PRAY THERE IS NO FURTHER BREAKDOWN IN ACTIONS. TIME WILL TELL.
2-17-2016 Intel/Newshound Guru Backdoc IF IRAN WAS RIGHT ABOUT ITS TRADING PARTNER WE SHOULD BE APPROACHING THE 18TH GREEN SOON! [...it seems to me that Iran just might rv their currency first.] NO IMO! THEY WILL BE REVEALED TOGETHER... Article quote: "Central Bank of Iran (CBI) allocated special code and password to reconnect Refah Kargaran Bank to SWIFT..." ASSUMING THEY BOTH HAVE LAUNCHED ON THE 8TH WE WAIT FOR "THE LESS THAN A MONTH", FOR THEM BOTH TO GO TOGETHER!
2-17-2016 Newshound Guru wmawhite [Has the old guard lost leverage throughout the MOF CBI etc and does Abadi have the the US and IMF total support?] ...the IMF is steering this ship (the CBI) more than the Governor of the CBI). Once the IMF is ready to step aside then you will see the changes at the CBI...IMO. The Technical Letter of Agreement are no different than a contract...there is no wiggle room...it states that the government "will" do. Prior to publishing the Letter of Agreement the IMF stated that they expect Iraq to enter the economy market...well, they are not part of those markets because they have nothing to join with...so, we are going to see soon what we are looking for.
2-16-2016 Intel Guru Frank26 ...nobody knows the date or the rate...but...the evidence that is being told to us right now is telling us they are doing something. ...when was the GREEN given to Dr. Shabibi at the CBI. ...March 3rd...usually things are contracted for 90 days...six months...up to a year...IMO....this deal they have with the CBI is going to expire very soon. If they don’t raise the value of their currency do you think that permission to do so will be null and void...? I can tell you that we are there... Abadi is cleaning the GOI...that is good. I don’t really care what the GOI is doing because I only care about what the CBI is about to announce...the power of the CBI is within the hands...IMO...of Dr. Shabibi...in my DEEP opinion...I think the LD’s are next...or... should be the next step or simultaneously with the rate increase...I feel that the LD’s are the spark of light to the Monetary Reform of Dr. Shabibi and his banks in Iraq.
2-16-2016 Intel/Newshound Guru Poppy3 ... .80 CENTS...WILL NOT PULL IN ANY DINAR...HAS TO BE $1.20 OR BETTER TO BRING DOLLARS IN. ANTICIPATE NO LESS THAN A $1.25 BUT I STILL THINK IN MERELY DAYS THE $3.00 PLUS RATE. CAN'T FILL THE BUDGET WITH ANYTHING LESS. THEY MAY TRY TO DRAW IN USD FOR A FEW DAYS BUT I REALLY DOUBT IT.
2-16-2016 Newshound Guru tlm724 "The Commission on Economy and Investment in Parliament on Tuesday that the launch of loans to support the private sector will not be random and will organize accurately. It is said that Prime Minister Haider al-Abadi instructed by firing supporting the private sector's 5 trillion dinars loan in the coming days." ya know what this is? all the announcements from yesterday pertain to a strategic plan to usher in the free market...a market economy finally! I'm excited, just sayin.
2-16-2016 Newshound Guru Backdoc LET IT BE CLEAR I’M NOT PICKING ANY DATE, OK? WHAT I SHARE IS FROM WHAT I DERIVE FROM ARTICLES I STUDY WITH NO INTEL! ALL APPEARS TO BE ON SCHEDULE...WE BELIEVE IMPLEMENTATION DAY IS CLOSE! OZ ALSO TOLD ME THAT DR. SHABIBI WOULD BE GIVEN THE PRIVILEGE TO PUSH THE GREEN LIGHT IN GRATITUDE FOR HIS LOYAL COMMITMENT TO THE IMF AND HIS NEWLY DEMOCRATIC COUNTRY! OZ SAID HE GRACIOUSLY ACCEPTED AND WOULD COUNT IT AS A PRIVILEGE. [post 2 of 2]
2-16-2016 Newshound Guru Backdoc SMARTER FOLKS ARE INVESTING IN ASSET BACKED CURRENCIES LIKE THE DINAR WHICH SHOULD FIND ITS GLOBAL NEW REALITY VALUE TO SHOW OFF SOON! IRAQ HAS PROMISED TO IMPLEMENT THE FEDERAL COURT LAW AND AMNESTY LAW THIS WEEK PAVING THE WAY FOR DR. SHABBI. THE TIMING OF THIS IS NO SURPRISE SINCE IRAN SAID THEY ARE TRADING PARTNERS WITH IRAQ! IRAN SAID THEY WOULDN’T RE-ENTER THE WORLD WITHOUT IRAQ, AND THEY SAID THEY WOULD START THEIR RE-ENTRY IN 2 WEEKS WHICH WAS THE 8TH, AND IT WOULD TAKE LESS THAN A MONTH WHICH LANDS US AROUND THE 18TH! [post 1 of 2....stay tuned]
2-16-2016 Newshound Gurus Backdoc & Mountainman Article quote: "Iran has started implementing SWIFT codes in its banking transactions since yesterday..." IS THERE ANY DOUBT NOW WHETHER IRAN WAS TELLING US THE TRUTH ABOUT THE 18TH? NOW C'mon ABADI/IRAQ...Let's GO!!!
2-16-2016 Intel/Newshound Guru Holly [new Guru] Iraq Source Quote: "Did you know that the value of the Iraqi dinar less than the value of the Somali shilling??? with this Anhab our currency and we hope back and become the highest currency in the world" he said a couple days ago central already has fix exchange rate...stable 1-1. I know he has been telling his peeps about the exchange rate...and talking about currency change.
2-16-2016 Newshound/Intel Guru BGG "...Central Bank Governor Ali al-allaq, on Saturday, more than 140 billion dollars in State institutions including banks, stressing that the increase in the dollar exchange rate is not in the interests of the citizen..." Which means...1st - Alaq talks as though an increase in the Dinar "has happened, is happening, or will happen... - 2nd - they may have to throw this idiot in JAIL - which also sounds like it might be on the way... In summation - think on this...for those who imagine they are being duped...and this isn't REAL... THE CURRENT GOV OF THE CBI - is displaying an opposite view... (3rd option - he's just throwing up smoke - like the Chinese did - 48 hours before they amped up their currency by 20% - reference WSJ)...this guy is a POLITICAL APPOINTEE - NOT QUALIFIED!
2-15-2016 Newshound Guru firefly Contrary to articles this is the 1st time EVERYBODY is on the same page! I LOVE where we are sitting and the process unfolding before our very eyes. Fascinating!
2-15-2016 Intel Guru DELTA IT LOOKS LIKE CBI IS READY!!
2-15-2016 Intel/Newshound Guru Poppy3 GOT A CALL...THEY HAVE OVER HALF ALL THE REQUIREMENTS FOR FULL MEMBERSHIP TO THE WTO WHICH IS ALSO NEEDED FOR INTERNATIONAL ACCEPTANCE. [But to my understanding, a country doesn't have to belong to the WTO to do international business.] ...THEY BEEN A GUEST MEMBER FOR SEVERAL YEARS BUT EVEN THOUGH THEY COULD TRADE WITHOUT FULL MEMBERSHIP...IT WILL BE VERY VERY LIMITED WHOM WOULD TRADE WITH THEM WHEN THEIR CURRENCY WASNT ACCEPTED GLOBALLY.
2-15-2016 Newshound Guru OOTW I BELIEVE...JOBOURI IS PROPOSING...TO SUBMIT A LAW WHICH WILL OVER SEE THE WORK OF THE GOVT'S ATTEMPT TO REDUCE CORRUPTION – BY ENACTING A LAW THAT WILL OVERSEE HOW ALLOCATIONS ARE DISTRIBUTED FROM THE CBI TO THE GOVT AND THEN IMPLEMENT CROSS CHECKS - AND THAT AS STATED FROM THE 2016 BUDGET ABOVE, THE CURRENT LAW OVERSEEING ALLOCATIONS IS ADDRESSED IN THE FEDERAL FINANCIAL ADMINISTRATION ACT AND THIS CURRENT LAW DOESN'T OVERSEE/ADDRESS THE NEEDS UNDER THE CURRENT CIRCUMSTANCE OF WIDESPREAD CORRUPTION - SO THEY'RE GOING TO PEN A NEW LAW. FOR ME, ALONG WITH ALL THE NEWS ON PROGRESS IN MOSUL, THIS IS THE BEST NEWS - TODAY.
2-15-2016 Newshound Guru tlm724 Artcicle quote: "A source in Nineveh province, on Monday, that the 25 billion Iraqi dinars belonging to organize funds (Daash) burned as a result of the bombing of Flight International Coalition for building the Central Bank and buildings three banks, in the city of Mosul..." that article has a silver lining. The burning of 25 billion Iraqi dinars bombed the Central Bank building and the three banks in Mosul...thats 25 billion dinars, give or take, off the street, out of circulation...sorry for the people and businesses etc ... but it is good news.
2-15-2016 Newshound Guru Aggiedad77 Article quote: "the US Treasury Department will issue a list of the names of persons and banks Iraqi civil will be blocked to deal with it and book Banking conversions and includes the names of a number of members of the Iraqi government and militia leaders list and politicians, businessmen and banks Iraqi charges of laundering and smuggling of money." [Does this mean that they are ready to allow people to start exchanging the IQD? it looks like a method to keep the crooks and thugs identified by the CBI from exchanging their stash of cash?] As much as we would like it to be time...I'm not thinking this is any signal of that sort...merely a good positive indicator that the UST is willing to work seriously with the CBIGOI to identify and bring the smuggling criminals to justice...we obviously have a much larger arm of the law that reaches around the world for this kind of stuff and seeing a cooperative effort is...IMO...a very positive thing.
2-15-2016 Intel/Newshound Guru Poppy3 STILL HEARING THE SAME REPORTS THAT RATE WILL SHOW BY MARCH 1. TIME WILL TELL.
2-15-2016 Intel/Newshound Guru tman23 THIS IS ALL CONFIRMED AND ALSO IN INK...IT IS FACT. SO, DID THEY NEED GOVERNMENT, SECURITY, ALL THESE DIFFERENT LAWS IN PLACE? NOPE! AND 2012 WAS NO BANNER YEAR...REMEMBER, MALIKI WAS TRYING TO GET MONY FROM THE CBI EARLIER. The CBI sets monetary policy for IRAQ...Not Abadi, not the GOI, not Parliament. And everything does not need to be done...everything is never done! All it has to be is in motion and headed towards the right/favored direction. [post 2 of 2]
2-15-2016 Intel/Newshound Guru tman23 Fact is...September 27, 2012 the Chairman of the Parliament Finance Committee made an announcement that they planned on raising the 3 zeros by the first of the year (2013) AND providing that the new currency would be ready by that time. THIS WAS IN PRINT...IN INK. Shabibi shortly there after went to Japan to what was advertised as a "trade convention" BUT what we learned later during this past issd post 2015 summit was that the "trade convention" ...whelp ...was an actual meeting with members of the issd and banking representatives. The day of the meeting Maliki had the court issue the warrant for Shabibi... AND POINT BEING... [post 1 of 2....stay tuned]
2-15-2016 Newshound/Intel Guru BGG what a great time to be in this...we are watching it happen... right in front of us.
2-15-20156 Intel Guru Hub if you were a citizen of iraq at this point would you want to remove the dollar...now why would you not want to remove the dollar, a simple answer, the dinar has no tradable value...do we have an idea how to change this situation? yes get the dollar off the street, but the alternative has to be available immediately, so raise the stinkin value and the dollar will disappear from iraq
2-14-2016 Newshound Guru firefly ...the articles...are now telling us a lot. Be excited folks. If it happens fast don't be surprised. BE READY for all scenerios. [Abadi seems to be preparing a team for the future.] ...yes, major grooming of the government and CBI....expect the unexpected.
2-14-2016 Newshound Guru mike ...it's tough to say when Iraq will add value to the dinar. They've got some hurdles to get over before we can even think about when they add value, stuff like deposit insurance, banking reforms and Article VIII to name a few. I've always placed more importance and value on information from the folks at the IMF, WB and others, and if they say they have a plan for the first half of 2016, then it just might happen.
2-14-2016 Intel/Newshound Guru Poppy3 can't help but think DR SHABIBI IS LAYING OUT THE LIST OF CORRUPT MINISTERS OF WHO NEEDS TO BE REMOVED AS THEY MOVE FORWARD. REMEMBER... ABADI WAS PISSED OFF AND CORRUPTION RESOLUTION WAS NOT MOVING FAST ENOUGH...WELL HE IS MOVING FAST NOW. [Sounds like Abadi has a deadline to meet!] ...THEY ALL HAVE THEIR LIST TO COMPLETE AND HIS IS TO STOP THE INTERNAL CORRUPTION.
2-14-2016 Newshound Guru OOTW NOT THAT THESE RELIGIOUS LEADERS WILL GET THEIR WAY, BUT SISTANI AND SADR CALLING TO REFORM THE WORK OF THE CBI WILL HAVE AN EFFECT AND NO COINCIDENCE THAT WE'RE SEEING A RAMPING UP OF THESE ARTICLES AFTER CUSTOMS ANNOUNCED TARIFFS GOING INTO EFFECT AND AFTER MOHSEN'S MEETING WITH THE FINANCE COMMITTEE TO DISCUSS TARIFFS AND THE MONETARY POLICY...THE PRESSURE IS ON MORE THAN WE'VE EVER SEEN IT...SO THAT'S GOOD.
2-13-2016 Newshound Guru rcookie I HAVE IRAQS YEARLY GDP & PPP DATA...IRAQ RANKS 51 OF 229 COUNTRIES 249.4 (PPP IN BILLIONS)...GDP REAL GROWTH RATE % IRAQ RANKS 73 OF 219 COUNTRIES 4.2%. THEY HAVE THE STRONGEST BUDGET DEFICIT RATIO IN THE REGION...IN THE REGION...IN THE REGION...AGAINST COUNTRIES NOT FIGHTING A WAR...ESTABLISHED ECONOMIES AND INTERNATIONALLY ACCEPTED CURRENCY'S...OPERABLE STOCK MARKETS...ETC.
2-13-2016 Newshound Guru Aggiedad77 Well...well...what a wake up call for a Saturday morning...do you know where your Central Bank governor is and what his name is...yet another article...actually two articles that say Allak is not getting the job done and needs to be replaced...this time it comes from an Iraqi cleric...Sadr...so they finally see that Allak is merely a Maliki puppet...they want someone who is capable of working in an efficient and impartial manner...In other words someone who knows what the heck is going on and how to turn things around...someone of integrity... who should be above corruption at all levels of enticement...that sure sounds like Dr. Shabibi to me...Keep in mind this is yet another "suggestion" to PM Abadi and no action has been forthcoming as yet...but IMO...just a matter of time...give Abadi time to get home from Germany and let's watch with interest all that transpires.
2-13-2016 Intel Guru Frank26 ...many Currency's are positioning themselves to do International Business with Iraq ...SOME ... Are being FORCED ... Leaving NO CHOICE but to ... Succeed. You know what else? M [Maliki] and Allack Know they are leaving on a jet plane ... They also Know DRS [Dr. Shabibi] is coming back.
2-13-2015 Intel/Newshound Guru Poppy3 [Press Release: "Workshop on Price Index Compilation Issues"..."IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues" IRAQ'S INTERNATIONAL RATE IS COMPLETED! THEY WILL ANNOUNCE IT SOON TO THE WORLD.] WELL I DONT KNOW THE SOURCE THAT SENT IT TO ME BUT IT IS VERY EXCITING NEWS AND NAMES THE RIGHT PEOPLE IN CORRECT ORDER.
2-13-2016 Newshound Guru Stryker Breaking News Today: Sadr calls for Central Bank of Iraq's Governor to be replaced by a more competent and experienced economist.
2-13-2016 Newshound Guru rcookie Press Release Quote: "The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016." MANY OF THESE INITIATIVES BEING WORKED ON AT THESE WORKSHOPS...ARE THE VERY THINGS THEY ARE BEING TASKED TO DO WITH IMF LOI/MEFP/TECH MOU...AND THESE WORKSHOPS ARE BUILT STRATEGICALLY AROUND REVIEW PERIODS...IF YOU READ THE 2016 BUDGET...THE VARIOUS LOI/MEFP/TECH MOU'S AND SMP (STAFF MONITORED PROGRAM)...AND THE METAC WORKSHOP AGENDAS....THERE IS ABSOLUTELY NO DOUBT AS TO THE CO-AUTHORING PARTNERSHIP BETWEEN IRAQ AND IMF & WB TOWARD THEIR ECONOMIC & MONETARY REFORM ACTION PLAN.
2-13-2016 Newshound Guru Kaperoni Article: "Economic parliamentary: financial and monetary situation is controlled and the central bank plans to put the task" ...we all know parliament has tried to get involved in CBI affairs for a while. And to have them come out now in support of the plan is great news. It for sure puts an end to the controversy of sorts by saying, (I'm paraphrasing) we saw the plan, we understand it and we are in full support of what they are doing. Which IMO, should put an end to back and forth bickering and different viewpoints.
2-13-2016 Newshound Guru FrostytheSnowman Article quote: "Oil prices are rebounding Friday after hitting a low not seen since 2003." You've aligned yourself in a SWEETHEART position(s) with the LOWEST COST EXTRACTION WINNERS ...as the world's addiction to oil makes it's way towards a new reality...and soon to be...your new reality! Congrats your patience is about to pay off!!! All in my "frozen" opinion.
2-13-2016 Newshound Guru wmawhite ...to change a culture of greed and corruption is never accomplished overnight...thankfully, PM Abadi has taken the first steps to make those changes. here is a question for all of us involved, "do you think that the IMF was aware of these issues back in November 2015 when they stated their expectations was for Iraq to enter the economy market during the 1st half of 2016?" Answer: OF COURSE THEY WERE AWARE OF THESE ISSUES!
2-13-2016 Intel/Newshound Guru tman23 The market and investors do not like UNCERTAINTY...And uncertainty has hurt both the KRG and GOI. Barzani said last month that the KRG will have it's government issues solved before the beginning of March. Abadi appears to be on the same fast track with the GOI. The question becomes...with the reshuffling of the deck in Iraq government positions...how plausible is it to see a change in value of the currency until the new people are seated and the dust settles?
2-12-2016 Newshound Guru Kaperoni Article quote: "...Chairman of Committee for Economy and Investment parliamentary...We found plans and initiatives of the task of the central bank to achieve its objectives, including the development goals" Parliament has met with the CBI, and now knows the plan. They are clearly stating here "We found plans and initiatives..." So now we have parliament fully supporting the CBI and the plans (with the help of the IMF).
2-12-2016 Newshound Guru Millionday [Does the huge amount of dinar in circulation and still being sold have any bearing on the right time to RV?] NO -- IT HAS A BEARING ON THE LIQUIDITY ON THE STREETS AND WHAT IS NEEDED IN THE BANK`S LIQUIDITY NEEDED IN THE COUNTRY -- ALSO THE GLOBAL PRICING ---GDP.
2-12-2016 Intel/Newshound Guru Poppy3 ...I HAVE JUST BEEN SETTING BACK WATCHING THE EVENTS TAKE PLACE DAILY...WE ARE IN THE DRIVER SEAT...THEY CAN GET WHERE THEY NEED TO BE AT ANYTIME AND RELEASE THE NEW RATE.
2-12-2016 Intel Guru Frank26 I-TEAM and I had a conversation today...in that conversation I expressed to them that IMO we are looking at a very serious potential of them removing the program rate, lifting Article 8 by the end of March...and they said...more than likely it won’t be March...because in their opinion they are looking at February.
2-12-2016 Newshound Guru wmawhite [With the MOU in mind, and the end of Feb target date for Article 8, etc...With the dissatisfaction with the finance minister and IMF mandates not being followed...Is that Feb timeline in jeopardy?] No where is it in any IMF document that the end of February 2016 is a target date for Article 8. However, it is easy for us to tie the two together. For those folks who have studied the Technical Letter of Agreement and MoU...it is very obvious that the IMF, GOI and CBI are shooting for a major event in the near future...IMO...and that is in keeping with what they told the world that Iraq is expected to join the economy market during the 1st half of 2016.
2-12-2016 Intel/Newshound Guru Poppy3 ...I CAN TELL YOU SECURITY AND ISIS ARE NOT A HOLDUP...BECAUSE ISIS IS NOT OR NEVER HAVE BEEN IN CONTROL OF ANYTHING IN IRAQ...NOT ONE OIL FIELD...NOT ONE DAM...NOT ONE BANK...ALL MADE UP NEWS TO MAKE THE NEW MORE SENSATIONAL. YES IRAQ HAS PROBLEMS INTERNAL AND SOME MISGUIDED MANAGEMENT BUT THEY ARE GETTING IT CORRECTED FAST TO MEET DEADLINES OUTLINED TO THEM FOR COMPLETION OF THEIR FINANCIAL REFORM TO CONTROL INFLATION, GROW ECONOMY, HEAD OFF INFLATION, AND INCREASE THEIR GDP. ALL PROGRESS IS IN THE RIGHT DIRECTION AND AS LONG DAILY WE ARE NOT STATUS AND MOVING FORWARD WE WILL GET TO THE NEW RATE...
2-12-2016 Newshound Guru Millionday ...REMEMBER THE STEPS THAT IRAQ IS EXPECTED TO TAKE THIS MONTH. THE STEPS ARE A LONG LIST BUT ACCORDING TO THE IMF AGREEMENT FOR IRAQ TO HAVE DONE BY THE END OF THIS MONTH DUE TO THE PLANNED MOVE TO ARTICLE 8 -- THEY HAVE TO PEG WITH THE US DOLLAR --- REMOVE DISTORTED EXCHANGE RATES FOR INTERNATIONAL CURRENCIES TO BRING IN INVESTORS...THE LIST GOES ON -- IT IS VERY LONG WITH MANY MANY DONE.
2-12-2016 Intel Guru SteveI [I trust Steve's info that Mosul must be free before any currency revaluation.] ...my information is very accurate. I have verified this from many sources. You simply cannot introduce new lower domination's of currency to banks in an ongoing war zone, especially Mosul which is in the heart of the Kurdistan region.
2-11-2016 Newshound Guru Adam Montana [What do you think of some...talking about Iraq "calculating" rates with the IMF for the RV? Is this an actual process?] The IMF has no authority over an RV rate, date, or anything else. BUT there are a few people in that organization that would have insight or influence on some small aspects that could have a slight impact on how successful Iraq is with an RV, so...yes, this is possible and even probable.
2-11-2016 Newshound Guru Kaperoni Article: "Director General of the General Administration of Customs, Mr. Kazim Ali Abdullah dialogue on the application of the customs tariff in Iraq outlets " Quote: "Mr. Director General of the General Administration of Customs also said that the customs tariff and a national duty by everyone and it's not just revenue but rather a tool of monetary policy tools and targeting many goals for the Treasury." Inflation caused by tariffs and investment is what will raise the value of the dinar.
2-11-2016 Newshound Guru Mountainman Well IMO...IT's ALMOST PAYDAY.
2-11-2016 Intel Guru Frank26 As a TEAM we are noticing since the start of December into January The CBI keeps announcements to themselves...In Arabic. Also Many MEETINGS...In Private environments...Like personal Palaces... Masques... Green Zone. Indeed Something is afoot.
2-11-2016 Newshound Guru Millionday Press Release quote: "Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop...The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza." THE IMF HELD THE WORKSHOP TO ASSIST THE MIDDLE EASTERN REGION IN >> >THE PRICE INDEX <<<. [so the countries in the meeting were picked because they need to have a level playing field with each other?] IT DID NOT SAY IN INK -- HOWEVER THEY ALL WERE THERE TO LEARN EITHER THE NEW POLICIES OR CALCULATION OR LEARN WHAT THEY ARE DOING WRONG OR LEARN HOW TO APPLY ETC -- SO VERY INTERESTING THAT 8 COUNTRIES WERE INCLUDED...
2-11-2016 Newshound/Intel Guru BGG Article quotes: "...announced that the Ministry of Commerce, said that next week will see the opening of the second Iranian specialized exhibition on the land of the Baghdad International Fair...for a period of 16 - 19 of February..." [So how close does all this get us to the RV? What else has to be done?] IMHO - we are already VERY CLOSE. Iraq has very few options. The IMF is in an advisory role. THEY KNOW...
2-11-2016 Newshound Guru Kaperoni Article: "Iraq and Iran sign MoU for scientific cooperation technical areas" Quote: "Iraq has signed represented by the Ministry of Higher Education and Scientific Research, a memorandum of understanding for cooperation with Iran in technical areas and joint programs." I don't see any reason to think Iraq and Iran would initiate simultaneous floats, as they are completely different countries, banking systems and circumstances. Could they both end up floating?, sure as most countries do float.
2-11-2016 Newshound Guru Breitling The question is not, can they add value to their currency. You should be asking how long can they keep it artificially low because the CBI, the Ministry of Planning, the Ministry of Finance and the generals who were actually ahead of the coalition government talked about how they had to add more US dollars and dinars and inject it into the economy to keep the value artificially low because it was becoming too popular. Those are direct quotes from General Petraeous...
2-11-2016 Newshound Guru rcookie TALK ABOUT INVESTMENTS....THIS IRANIAN EXHIBITION IS IN BAGHDAD NEXT WEEK...AND LOOK AT ALL THE SECTORS REPRESENTED... Article quotes: "...announced that the Ministry of Commerce, said that next week will see the opening of the second Iranian specialized exhibition on the land of the Baghdad International Fair...for a period of 16 - 19 of February..." "...with the participation of 70 different and diverse Among those companies, the terms of reference company healthy companies and construction companies, housing, water and electricity companies and oil and gas companies and companies technical and engineering services and food companies..." BIGGEST TRADE PARTNER...ALL BORDER CROSSING POINTS WITH IRAN OPERABLE!!!...GAME ON!!!
2-11-2016 Intel/Newshound Guru Poppy3 LOTS OF $$$$$ BEING RECOVERED BUT GUESS WHAT...THERE IS ANOTHER FEDERAL LAW THAT IS NOT IN FORCE...SO WITHOUT IT THEY CAN'T KEEP THESE CROOKS IN JAIL BUT THEY ARE KEEPING THE CURRENCY. ABADI CALLING A SPECIAL MEETING TO GET THIS LAW COMPLETED. THATS THE WORD...FROM BAGDAD. PEOPLE ON THE STREETS THINK THE WIDOWS, ORPHANS, RETIRED MILITARY CARDS WILL BE CHARGED BEFORE THE END OF THE MONTH AND A ENTICING RATE WILL BE PLACED ON THE DINAR TO GET IN AS MUCH AS POSSIBLE FOR AS MUCH AS 30 DAYS THEN IF ALL QUALIFICATION HAVE BEEN COMPLETED A GLOBAL RATE FOR US. TIME WILL TELL BUT THATS WHAT THE STREETS PEOPLE ARE EXPECTING.
2-11-2016 Newshound Guru Backdoc IF THE IMF GETS ITS WAY FOR IRAQ ON LETTING IT CHANGE CURRENCIES FREELY FOR INVESTMENTS WE MAY SEE A MERGING OF ALL SCENARIOS AROUND A WINDOW OF THE 15TH TO THE 22ND AS JUST A BALL PARK! THAT WOULD GIVE ENOUGH FLEXIBILITY FOR IRANS STATEMENTS OF LESS THAN A MONTH TO BE ACCURATE! EITHER WAY WE ARE CLEARLY HEADED QUICKLY TO IMPLEMENTATION DAY MY FRIENDS! IRAN WANTS TO BE PAID AND...THEY WON'T DO THIS WITHOUT THEIR TRADING PARTNER IRAQ, SINCE THEY SHARE INCOME PROPERTIES AND NEED TO HAVE COMPATIBLE CURRENCIES!
2-10-2016 Newshound Guru rcookie Article: "Oil Minister calls for the restoration of the national oil company" NATIONAL OIL COMPANY LAUNCH PLANS IN ECONOMIC SYMPOSIUM YESTERDAY HOSTED BY OIL MINISTER ABDUL MAHDI...WITH GROUP OF OIL EXPERTS AND ECONOMISTS...AND THE ROLE AS ALTERNATIVE TO DISPERSION IN THE OIL INDUSTRY NOW... MEANING REFORM DIFFERENCES LIKE...NATIONAL SOVEREIGNTY... ECONOMIC DEVELOPMENT...SERVICE CONTRACT REWRITES... ECONOMIC OPENESS...AND OUTLINES THE IRAQI ECONOMY OPERATING IN 4 STAGES... AGRICULTURE...OIL...WAR..AND WHAT IS TO COME... THIS IS THE VEHICLE THAT IS GOING TO GET OIL SHARES TO CITIZENS...THIS IS HUGE AND RESOLVES MANY OF THE PROBLEMS THEY HAVE WITH LICENSING CONTRACTS...AND PUT THE DEALING WITH DIVERSE ENTITIES...
2-10-2016 Intel Guru Frank26 ...the US troops who were entering into that battlefield of Fallujah were stopped...because they are taking care of what is going on in Baghdad instead...what is going on in Baghdad...the reforms of their country. The reforms that are going on right now in the GOI...in Parliament are happening now because we came in and we are in control...because in all honesty both Abadi and Sistani asked the US to come in and do this...IMO. Abadi can make the announcement about the change in their rate...but Abadi cannot appoint the rate, he cannot activate it...only Dr. Shabibi can do that.
2-10-2016 Intel Guru Delta ...DO YOU REMEMBER THIS ANNOUNCEMENT FROM CBI ON 12/20.? Quote: "To all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies ( foreign exchange rate ). We would like to inform you that the exchange rate by international standards is still under study..." I'M SURPRISED NO ONE IS JUMPING ON THIS ARTICLE! CBI WAS WAITING FOR THE STUDY TO BE DONE FOR THE EXCHANGE RATE.
2-10-2016 Newshound Guru tlm724 Article quote: "the Kurds are trying to stay within the framework of Iraq, does not intend to declare a Kurdish state immediately after the holding of the referendum process." kurds aren't going anywhere, too much at stake... they were crying wolf. Quote: "We will not announce independence at the moment," adding, "We're just talking about the right of the Kurds..." see just talk!
2-10-2016 Newshound Guru Adam Montana [If Obama's Agreement with Iran goes forth and, as I interpret some of the verbiage, Iran COULD take over Iraq...Now, wouldn't that just about finish this dream of ours for an RV? Couldn't they eliminate our current Dinar and use theirs?] I could write a book on this question, and I understand why you ask it because a lot of people are confused on it. If you want my opinion and are willing to take my thoughts on it, let me just say one thing: Iran is NOT going to take over Iraq.
2-10-2016 Newshound Guru Breitling statement "I don't think Iraq has what it takes or can add value to its currency." Here's the problem. I said this a million times. Iraq's currency does not have a value problem of it going down. Iraq's currency was artificially directed down. The question is, how are they getting away with keeping the value down so low? You had General Petraeous, you had the CBI talking about the process they're going through and how they are artificially keeping the currency down so they can build their economy and give themselves an advantage. Why people skip over this I do not understand. They are not like gee…I hope we can add value to it and maybe it will work out. It's completely opposite. It should be at a $1.25 minimum right now if they didn't screw with the note count….It's never been a question if they can add value to their currency.
2-10-2016 Newshound Guru OOTW I'M HOPEFUL THAT THE PASSING OF THE AMNESTY LAW AND FED COURT ACT WILL START TO BRING SOME FORM OF HEALING TO THE COUNTRY. AS WE ALL KNOW MANY ISSUES RE THE KURDS STILL LINGERING - HOWEVER I HAVE SEEN SOME ARTICLES INDICATING A POSITIVE MOVEMENT TOWARDS WORKING ON THE PASSING OF HCL - REMEMBER THEY'LL STILL NEED A CENSUS ONCE AND IF THIS LAW IS PASSED. I STILL HAVE NOT SEEN PROOF THAT THE FEDERAL REVENUE SHARING LAW IS PASSED (YET) THESE LAWS WORK IN CONCERT.
2-10-2016 Newshound Guru BGG Article quote: "...It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, Anvaqath in the war against al "Daash", as he emphasized Abadi, on more than one occasion, that Iraq will emerge from the financial crisis in stronger..." ...as I read the news out of Iraq - it plainly lines up (over and over) with what we have been saying AND it generally points to some major economic event in the future. Numerous articles... some vague - some pointed are all saying the same thing. Iraq is in dire straights (or was) for a solution...one thing you can be assured of - since the IMF is now in a direct advisory capacity - they will succeed.
2-10-2016 Newshound Guru Adam Montana I'm reserving my comments on the dinar situation for a short time. I'm going to wait on a few developing items before I spend my usual time on it. I like what I'm seeing in Iraq right now, but I can't announce an RV yet, so I'm holding off. There's a small to medium chance that I'll come back later today or tomorrow with a further update, but that depends on Iraq.
2-10-2016 Newshound Guru Breitling Iraq's currency is not at market rate it's artificially kept down. So they can't go any lower than what it is at today, they simply can't. So what do they have to do if the price per barrel goes down? They actually have to add value to make up for what it is they're loosing…because their currency is so artificially low they are in the position to…be able to add value to their currency. There is multiple things they can use their currency for as a hedge and they they have a huge advantage.
2-10-2016 Newshound Guru rcookie NOW THINK ABOUT ALL OF THIS...FIGHTING THE LARGEST WAR ON THE MOST ABHORRENT TERRORISTIC GROUP IN HISTORY OF MANKIND...BROAD REFORMS ACROSS ENTIRE CULTURAL SPECTRUM...AND MAINTAINING THE BEST BUDGET DEFICIT RATIO IN THE ENTIRE REGION...ALL WITH A NON INTERNATIONAL RECOGNIZED ARTIFICIALLY SUPPRESSED CURRENCY...MASS POVERTY AND 30% UNEMPLOYMENT...AND MAINTAINED 2.3% INFLATION.
2-10-2016 Intel Guru Bruce [new Guru] ...waiting for great blessing, cant be too far away from it as I understand. Things are happening very much behind the scenes, looking for completion of this very soon. Everything we are hearing is moving this things along nicely, not much longer to wait. I am very encouraged what I have heard.
2-10-2016 Newshound Guru Kaperoni Article: "IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues" I have stated for some time that as inflationary pressure is created (from tariffs and investment through the CBI Capital Account) the counter is to raise the value of the dinar (ie the float). This event, seems to be preparing Iraq for those changes that occur as a result of a market economy, international investment, etc.
2-10-2016 Newshound Guru OOTW WTO ACCESSION REQUIREMENTS CONTINUALLY BEING ADDRESSED WITHIN THE GOI'S RESPECTIVE COMMITTEE AND THIS PAST WEEK THERE'S BEEN A MEETING WITH THE IMF TO DETERMINE THEIR PRICING INDEX..WEIGHTS AND MEASURES ESTABLISHMENT FOR GOODS SO THEY CAN SHIP (AT THE LEAST) ACROSS BORDERING COUNTRIES...ALONG WITH ANNOUNCEMENTS FROM THE CUSTOMS SITE AND MEETINGS IN THE GOVT RE CUSTOMS/TARIFF/TAXES FEES AS WELL AS THE STUDY TO DETERMINE AN EXCHANGE RATE FOR THE IQD - STILL AWAITING THE CBI PRESS RELEASE - OR THE ACTION OF THIS FROM THE CBI ON THIS ISSUE. THERE'S MUCH GOING ON AND SEEMINGLY ALL AT ONCE...VERY EXCITING TIMES. [post 2 of 2]
2-10-2016 Newshound Guru OOTW THERE ARE MANY CONVERGING FACTORS WITH ALL THAT'S GOING ON IN IRAQ... EVERY EVENT/ACT/SITUATION IN THE MILITARY, IN THE FINANCE COMMITTEE, WITH THE BANKS AND ANNOUNCEMENT FROM CBI GOVERNOR, INTEGRITY COMMISSIONS, SISTANI'S SPEECHES, RHETORIC CONTINUING RE THE ARREST OF MALIKI AND OTHER CORRUPT OFFICIALS, WHICH FOR NOW DOESN'T SEEM "TRUE" – HOWEVER THE CONTINUANCE OF THE PRESS TO RELEASE THESE SPEAKS VOLUMES ABOUT THE ANGER IN THE COUNTRY - DEMONSTRATIONS CONTINUING, CHANGING THE HEAD OF THE COURT OF CASSATION (LITTLE CONCESSION, BUT STILL A CONCESSION) AND MUCH MORE INCLUDED... [post 1 of 2....stay tuned]
2-9-2016 Newshound Guru wmawhite Using this as an example, when the cards inside of Iraq are "loaded" in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq. [...are they loading the cards for people outside of Iraq that lives in another country?] Correct, and that is what we are expecting within the 1st half of 2016.
2-9-2016 Intel Guru Frank26 ...it is FEBRUARY 8th...we believe deep in our hearts that victory is about to be claimed in certain cities that are extremely important and if we get these cities and we have the SECURITY...not only of the banks but the citizens and everything you need...then you can make a type of announcement that I think a lot of people are waiting to hear.
2-9-2016 Intel/Newshound Guru Backdoc LAST NIGHT WAS THE 8TH! LAUNCH DAY ACCORDING TO IRAN! IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH! THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL! THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE! NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT! THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED. THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
2-9-2016 Newshound Guru OOTW BREAKING NEWS...IRAQ TO ATTEND CONFERENCE TO DETERMINE THEIR PRICING INDEX. IRAQ IS ATTENDING AN IMF SPONSORED SEMINAR TO DETERMINE THEIR PRICING INDEX FOR THE METAC REGION. “IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues“ THIS IS GREAT TO SEE. THEY NEED TO DETERMINE AND LEARN HOW TO VALUE GOODS FOR SALE IN THE GLOBAL MARKET..OR AT THE VERY LEAST “BORDERING COUNTRIES” – WHICH I BELIEVE IS THE REGION FOR NOW THEY ARE REFERRING TO – BASED ON THE MANY CUSTOMS/TAXES/TARIFFS ARTICLES AND OFFICIAL PRESS RELEASE’S WE’VE SEEN AND ALSO ARAB TRADE AGREEMENTS – THIS IS A FIRST STEP TO RETURNING TO GLOBAL TRADE (AT THE LEAST)….I’M VERY PLEASED ABOUT THIS.
2-9-2016 Newshound Guru wmawhite I believe the IMF and the WB know more about Iraq than the Iraqis...and never before has the IMF stated very clearly what their expectations are for Iraq...and they did it ...and then they followed up with two documents outlining step by step as to what is being accomplished...and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given. [post 2 of 2]
2-9-2016 Newshound Guru wmawhite The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished. This Technical LoI/MoU was written in November 2015 and published in December...well by the time we saw it...those two items to be accomplished by the end of February HAD already be completed. They were the Investment Law and the AML Law. The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish. [...so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?] I am waiting on Iraq to enter the markets during the 1st half of 2016. [post 1 of 2....stay tuned]
2-9-2016 Newshound Guru Millionday [So Does Reform include to Revalue the currency?] THE REQUIREMENTS LISTED BY THE IMF OR SHOULD I SAY ORDERS TO BE DONE DO INCLUDE THE REMOVAL OF THE DISTORTED RATE AND COMPLIANCE WITH INTERNATIONAL STANDARDS -- THIS WOULD BE THE CALCULATION OF THE TRUE VALUE IMO. [removal of all distortions of exchange rate...does that mean that they will give the real rate?] IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE -- ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR) TO BE DONE. GOODNESS THIS IS EXCITING AND IT HAS BEEN A LONG TIME ...SEEING SOMETHING LIKE THIS IN A FORMAL DOCUMENT... [post 2 of 2]
2-9-2016 Newshound Guru Millionday IMF Report quotes: "The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions..."As a first step, the government will, by end February 2016, draft and adopt a by-law to set up a mechanism to comply with the relevant AML/CFT international standards." PEG TO USD AND REMOVE EXCHANGE RATE DISTORTIONS AS THIS WILL SEND A POSITIVE MESSAGE TO INVESTORS --- THAT WOULD MEAN THAT INTERNATIONAL INVESTORS WOULD BE ABLE TO TRADE. THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE. THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE. [post 1 of 2....stay tuned]
2-8-2016 Intel/Newshound Guru Poppy3 NO BODY HAS EVER SAID DR SHABIBI WAS BACK THEY SAID HE WOULD BE OFFERED TO COME BACK AND THEY THINK HE WILL CONSIDER IT WAIH [WITH?] MALIKI UNDER HOUSE ARREST. I FEEL SURE HE WILL CONSIDER THE POSITION IF ASK PROPERLY AND MALIKI IS TRULY OUT OF THE PICTURE.
2-8-2016 Newshound Guru wmawhite IMO...we will not see Shabib as the Governor of the CBI.
2-8-2016 Newshound/Intel Guru BGG ...Dr Shabibi is not back... that was a suggestion by Allawi who has so little power it's nearly comical.
2-8-2016 Newshound Guru OOTW [Did Maliki get arrested?] THERE ARE ARTICLES STATING THAT HE HAS, BUT THEN WE'VE SEEN ARTICLES STATING THAT HE'S BEEN GIVING PUBLIC SPEECHES.
2-8-2016 Newshound Guru wmawhite [You'd think they's have to collect tariffs at an international rate ya think?] A country does not collect tariffs at an international rate...the USA has any tariffs owed to it sent to it in USD. The value of the IQD does not matter to Iraq because it will receive the tariffs in whatever currency it wants...probably in IQD. However, until a country can transmit/electronically send it currency to Iraq and it be converted into IQD...IMO, the GOI will probably receive the tariffs in USD.
2-8-2016 Intel/Newshound Guru Poppy3 WELL NEWS HAS CONTINUED TO BE POSITIVE AND MOVE FORWARD WITH ACTION TO BACK THE TALK. THIS IS SOMETHING I HAVE ALWAYS TOLD OUR TEAM TO WATCH THE ACTIONS MORE THAN WORDS.
2-8-2016 Intel/Newshound Guru Mnt Goat We must watch Iraq and the CBI, Finance Ministry and Parliament. Only these establishments will give us CLUES as to when we can expect any significant increase in the value of the Iraqi dinar. The CBI actually told us out straight that they plan to inform the people on an ongoing basis the steps in the currency reform process. They seem to be doing just that. The fate of Iraq is in the hands of Iraq.
2-8-2016 Newshound/Intel Guru BGG YOU (us holding Dinar) WEREN'T DUPED...the Gov of their current CBI is TALKING ABOUT THIS - yeah or nay... THEY ARE TALKING ABOUT IT NOW...the GOI - will either do this or throw this guy out of office...they have only offered 2 solutions. 1) tariffs (referred to as: taxes)...2) RAISE THE VALUE OF THE CURRENCY TO BRIDGE THE CURRENT DEFICIT...tariffs won't do it...like I have been saying...a few pennies won't cover a 100 BILLION USD (trillions in DINAR) budget deficit...there is only one thing will fix it. V-A-L-U-E.
2-8-2016 Newshound Guru rcookie ANOTHER GREAT INDICATION OF IRAQ DELIVERING EARLY MANDATE ON IMF...LOI/MEFP/TECH MOU MANDATE DUE BY END OF FEB...THEY HAVE THEIR 12/2015 BALANCES FOR ALL... MOF..GOI..CBI ACCOUNTS...AND AGAIN ACCOMPLISHED EARLY...
2-8-2016 Newshound Guru Millionday [Did Iraq have met all the requirements in order to go international?] LET ME SHOW YOU SOMETHING THAT WILL TELL YOU WHY MANY ARE STATING THAT THEY ARE GOING INTERNATIONAL. "Ministry of Labour and Social / Department of pension affairs, social workers and security called for creditors of the campaign cards of "Ki-Card" and "manual exchange" to receive pensions for the months of January and February will be held on the seventh and eighth of this February." THIS WOULD BE PUT ON A GLOBALLY ACCEPTED CARD ACCORDING TO THE REPORTS WE HAVE READ -- MASTER CARD. [post 2 of 2]
2-8-2016 Newshound Guru Millionday Article quote: " Author: Yasser incumbent 02/07/2016 0:00 Baghdad Economic Forum completed the foundation requirements, which lasted a whole year" THIS WAS...A GROUP OF EXPERTS...THAT WAS FORMED (COMMITTEE) TO MOVE FORWARD WITH THE ECONOMIC REFORM AND THEY WERE FORMED 2015 AND HAVE NOW STATED THEY ARE DONE WITH ALL REQUIREMENTS. IRAQ HAD TO MAKE THESE CHANGES TO REFORM THE ECONOMY -- THE REFORM IS DESCRIBED BY THEM AS THE STEPS NEEDED TO GO TO A MARKET ECONOMY --- THEY ANNOUNCED...THAT ALL THE STEPS ARE DONE...THEY ARE READY TO MOVE FORWARD... WITH ECONOMIC REFORM... [post 1 of 2....stay tuned]
2-7-2016 Intel/Newshound Guru Backdoc ...A NEW NARRATIVE SEEMED TO BE STARTED BY CNBC ON WEDNESDAY...THEY STATED THAT OIL WAS DECOUPLING FROM THE DOLLAR! MMMM WE ALL KNOW THAT IRAQ NEEDS $45.00/BARREL FOR A BREAK EVEN PRICE IN THEIR BUDGET. I ALSO MENTIONED IF YOU COULDN’T CONTROL SUPPLY AND DEMAND HOW COULD YOU RAISE THE PRICE PER BARREL? THE ANSWER IS YOU CHANGE THE VALUE OF THE CURRENCY! IN LESS THAN TWO WEEKS AFTER THE 8TH, AS IRAN SAYS, THEY WILL HAVE ENTERED THE WORLD WITH IRAQ, AND A FEW OTHER STARS AS WELL, IMO! [post 2 of 2]
2-7-2016 Intel/Newshound Guru Backdoc WHAT IRAN SAID...AROUND TWO WEEKS AGO IS BEGINNING TO PLAY OUT JUST AS THEY SAID. IRAQS' SHIA BROTHER IRAN, SAID THEY WOULD WAIT TO LAUNCH THEIR CURRENCY WITH IRAQ BECAUSE IT WILL CREATE A SERIOUS TRADE IMBALANCE OTHERWISE! JUST WHAT I’VE BEEN SAYING SINCE...I FIGURED OUT "THE DEAL”! SINCE IT LOOKS LIKE THE TWO SHIA BROTHERS, BAGDAD AND IRAN PLAN TO LAUNCH THEIR CURRENCIES ON THE THE 8TH AS THEY SAID, AND WITH A FEW OTHERS IMO, ITS NO WONDER ALL THE IMPORTANT LAWS ARE NOW BEING IMPLEMENTED IN IRAQ! WOW! THIS IS SIGNIFICANT CONFIRMATION THAT IRAQ HAS BEEN WAITING FOR IRAN TO COMPLETE THEIR MONETARY REFORM AND EXIT THEIR SANCTIONS, ALL PART OF "THE DEAL" IMO. WE ALL SEE THE OBVIOUS THAT IS NOW TAKING PLACE BEFORE OUR EYES... [post 1 of 2....stay tuned]
2-7-2016 Newshound Guru firefly To my understanding, Shabs was never released as governor of CBI. He fled for his life from Maliki. Maliki put in 2 acting governors (which btw he is not allowed to do, a Governor has to be voted in). So for all purposes the IMF only recognizes one person as the true Governor of the CBI. I have not seen or read ANYTHING different
2-7-2016 Newshound Guru Millionday Article quote: "Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi, and the use of a panel of financial experts, and the formation of an economic body to save Iraq from its economic crisis." ALLAWI IS ASKING FOR SHABIBI TO RETURN TO LAUNCH THE FUNDING OF THE ECONOMY. WITH HIS ENTIRE GROUP AND OTHER EXPERTS -- THAT IS VERY INTERESTING IMO.
2-7-2016 Intel Guru TD As Barzani continues his campaign of obtaining support of this inevitable outcome of independence by seeking support by any world leaders that will listen, he will shore up more and more support of this goal after this springs military offensive by Abadi to retake Mosul and desimmate ISIS. We are 60-90 days out on learning how this will play out and if Abadi fails then an independent Kuridstan will become official and recognized and supported by the great majority of the worlds nations. [post 2 of 2]
2-7-2016 Intel Guru TD Comments from my Kurdish friend ( treat all as rumors and just please due your own sound diligence ). As we see by press releases Barzani is slowly but surely laying out the imminent future which involves an independent, self autonomous Kurdistan. Barzani is convinced that Iraq is a failed state, that the Abadi administration is on its last legs and the Kurds are tired of operating under the shadow of the Iraqi Sunni-Shiite conflict as well as being dependent on the Iraqi central government. [post 1 of 2....stay tuned]
2-7-2016 Intel/Newshound Guru Poppy3 OK SOME CONFIRMATIONS... MALIKI IS UNDER HOUSE ARREST, SHABIBI IS SUSPECTED TO BE REINSTATED TO CBI GOVERNOR, WIDOWS AND RETIRED MILITARY PERSONNEL SMART CARDS TO BE CHARGED AND DISBURSED ON THE 8TH. ALL THIS ANNOUNCED ON BAGDAD EARLY TV THIS MORNING. NO RATE WAS MENTIONED BUT IT MAKES ZERO SENSE TO ISSUE THEM WITHOUT A NEW RATE. THEY HAVE SAID BEFORE THEY WOULDNT BE DISBURSED TILL THEY HAD A HIGHER RATE. THIS CAME DIRECT FROM PERSON 3 BLOCKS FROM OUR BAGDAD EMBASSY. REMEMBER DR SHABIBI HAS ORGANIZED AND OUTLINED THE RV AND WANTED TO DO IT LONG AGO...IM FOR ONE AM EXCITED HE IS BACK AND EXPECT TO SEE SWIFT ACTION.
2-7-2016 Newshound Guru sczin11 COULD THIS BE TRUE? MAHMOUD REPLACED AS president of the Court of Cassation. WHAT IS THE COURT OF CASSATION? MY UNDERSTANDING IS, IT IS THE ARM IF THE JUDICIARY THAT RATIFIES THE RULINGS OF THE COURTS...IN OTHER WORDS, WHEN MAHMOUD RULES, HE CAN BE OVER RULED BY THIS COURT OF CASSATION... MAHMOUD HAS BEEN HOLDING BOTH POSITIONS, SINCE THE MALIKI REGIME...ALTHOUGH MY UNDERSTANDING IS, THEIR CONSTITUTION OR JUDICIAL POLICIES STATE, THE LEADER /PRESIDENT OF THE COURT OF CASSATION, CANNOT BE THE SAME AS THE HEAD OF SUPREME COURT...IF THIS IS TRUE, AND MY UNDESTANDING OF THE COURTS RESPONSIBILITY IS ACCURATE, THIS IS THE START OF THE END OF THE MALIKI CONTROLLED COUNTRY...
2-7-2016 Intel/Newshound Guru tman23 We are soon to find out if they go to CBI reserves for the next 6 months to cover shortfalls...or we see a shift in the IQD currency... I as all hope it opens where we are able to exchange IQD for profit. It...could go either way...But we are soon to find out!
2-6-2016 Newshound Guru firefly The meetings last Thursday went VERY well...Global Economic meeting. This was all over the major media sources. The marker has been set, finger on the trigger. TIMING! Stop looking at your calendars, it could literally happen at any time but NOBODY knows the timing.
2-6-2016 Intel/Newshound Guru Poppy3 MANY KEEP SAYING POPPY3 SAID THIS MONTH BUT I SAID THEY SAID THIS MONTH...THEY REPORTED IT IN WRITING TO THE IMF, UN, WB...THEY THAT HAVE AUTHORITY MADE THE STATEMENT IN A OFFICIAL REPORT. TO ME IT DON'T GET ANY BETTER AND THERE IS NOTHING TO QUESTION ABOUT IT. THEY SAID IT LOUD AND CLEAR.
2-6-2016 Newshound Guru rcookie THEIR MONITORING PROGRAM RUNS THROUGH 2016 BUT DOES NOT MEAN A VALUE CHANGE CANT HAPPEN TILL END OF 2016...AS MATTER OF FACT THE IMF HAS TOLD IRAQ WILL RETURN TO GLOBAL FINANCIAL MARKET IN 1ST HALF OF 2016...
2-6-2016 Newshound Guru mike Article: "Iraq News - Tamimi: collection of electronic future step to receive salaries and pay taxes" I don't think the e-dinar is just about destroying physical currency. It's more tied to the MoF not pumping 4 trillion physical dinars into the economy through GOI payroll. If Iraq can logistically support e-commerce, the physical note count will be organically reduced. IMO.
2-6-2016 Intel/Newshound Guru Poppy3 ELECTRONIC BENEFITS WILL BE LOADED ON THE 7, 8, HUGE NEWS...SO ON THE 8th WE SHOULD SEE THIS POP, AND HAVE NEWS ON IT THAT WEEK, THE IMMUNITY SYSTEM HAS BEEN ENFORCED AND A LOT HAVE BEEN ARRESTED AND HEARING MALIKI IS NOW UNDER HOUSE ARREST, I WILL BE ABLE TO CONFIRM THAT...WHEN I TALK TO MY CONTACT IN BAGHDAD..., HUGE HUGE NEWS...WE ARE SO CLOSE...THINGS NOW SHOULD FALL LIKE DOMINOES, AFTER THE 8th OF FEB... lets see the fireworks...WE WATCH AND WAIT.
2-6-2016 Newshound Guru rcookie IMF LETTER OF INTENT (LOI)/MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES(MEFP)/AND TECHNICAL MOU FOR 2011 & 2016...THE 2016 BUDGET...AND THE 2015 ARTICLE IV CONSULTATION AND REQUEST FOR PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ....THESE REPORTS ARE SO VERY DETAILED AND PROVIDE ALL THE INSIGHT YOU NEED TO FOLLOW WHAT IS GOING ON...SHOULD BE REQUIRED READING FOR ALL IN THIS INVESTMENT...AND WILL RETURN MUCH PEACE & UNDERSTANDING AND LESS...SPECULATION.
2-6-2016 Intel Guru Frank26 Article quote: "Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi..." The IMF has also SUGGESTED some activities for S [Shabibi]...Next month.
2-6-2016 Newshound/Intel Guru Randy Koonce Let me say you cannot have in-Country RV. If you think about it, how much is a 250 dinar after the RV...250 dinar--- it does not change...the only thing that changes is the weight against other currencies and that it helps to buy goods out side of the country...So it looks very good from both sides of the pond to happen by the 1st of march... do not worry we are about done. ...every day that goes by this year is closer to RV it is looking very good now. We are close.. Every large bank will exchange.. RELAX the RV is coming...Breathe... [post 2 of 2]
2-6-2016 Newshound/Intel Guru Randy Koonce ...the tariffs have not yet been collected... but they are saying in the paper that they have enacted them.. I am not sure how long that can go on but I am sure not too long... So it looks like the Tariffs will be happening in a short while... They will not collect tariffs without RV... Everybody should feel good because of the pressure Iraq needs to collect the tariffs. Second thing Barzani has not been paid and he has been in Baghdad to get paid. At some point in time which the Paper is saying Barzani is going to receive payment this weekend or early week...there needs to be an RV for that, and it looks like Iraq has themselves in a corner for that. [post 1 of 2....stay tuned]
2-6-2016 Newshound Guru Aggiedad77 [Isn't this what we have been waiting on big time for them to announce publicly DR.S back in control of CBI? This seems pretty big right?] I'm thinking yes it will be big...This kind of thing...a change in the helm of the CBI...IMO...has to come from on top...from Abadi, and more than likely the IMF...them together announcing such a change...let's watch them take this beyond a "suggestion" though and bring it to fruition. One thing for certain...IF...Maliki has been arrested...that could open the door for Dr. Shabibi to come home. [post 2 of 2]
2-6-2016 Newshound Guru Aggiedad77 "Zebra seeks $1.2 billion from the World Bank" ...ask small...get small...they need someone with bigger dreams...IMO...someone like Dr. S [Shabibi] that knows about world finances...someone who has had direct experience on the international level of banking... Article quote: "Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi..." oh yes indeed...Dr. S. Bring it on...yes sir...the BEST is yet to come. [post 1 of 2....stay tuned]
2-6-2016 Newshound Guru Kaperoni Article quote: "Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi, and the use of a panel of financial experts, and the formation of an economic body to save Iraq from its economic crisis." Never happen. A plan is in place with Allaq now and the guidance of the IMF. Shabibi is done and out living in retirement. Nobody listens to Allawi anyways.
2-6-2016 Newshound Guru tlm724 Article quote: "we we have established a seminar two weeks in the oil ministry before to discuss this subject, and suggested some members of the Commission on oil and energy parliamentary mechanism to prepare a draft law of the national oil company, but it should be enactment of the oil and gas law first and then other corporate legislation of laws." it should be enactment of the oil and gas law first then the national oil company law...they expect the national oil law to be enacted by the end of the year so if this goes as planned the HCL should see the light of day very soon.
2-6-2016 Intel Guru Blondie Recent article says the Iraqi Army may not be going after Fallujah anytime soon after all. The town has been completely blockaded, so it seems nothing gets in or out without going thru a military checkpoint -- they believe they have got ISIS contained there. Instead, they are focusing on clearing out the few remaining "dead-enders" in the outskirt suburbs of Ramadi (mopping up, so to speak) and they continue to prepare to retake Mosul. Lots of prep going on there, ISIS numbers around Mosul dwindle daily (in fact across all of Iraq, ISIS is losing several dozens of fighters (sometimes as many as one hundred fighters at once) every few days, along with massive destruction of equipment and weapons). The final assault on Mosul may happen sooner now, and victory may happen quicker. Good news, security in the country is coming faster now.
2-6-2016 Intel/Newshound Guru tman23 There is no legitimate argument that can be made that this is not their goal...LIFT THE 3 ZEROS...The CBI gave the green light end of February 2015 (almost a year ago) to begin the process... Shabibi, who we know is working as a consultant with Iraq and the CBI as we have seen him in photos of late...always said the time to lift the zeros is at the START of the NEW YEAR...And we know the banks have switch to a new accounting standard... That being said...We are waiting for the lifting of the zeros to be announced or shown...AND/BUT/THE SPECULATION AND GUESSING IS THE SAME AS IT WAS SINCE THE BEGINNING OF IQD TO RICHES...HOW WILL LIFTING THE 3 ZEROS PLAY OUT FOR THE CURRENCY WE HOLD. UNTIL it becomes official and you go to exchange...and the it becomes Mr./Mrs. Speculator meets reality... And there is not one visitor in this...room that doesn't wish for a GREAT DAY AT THE BANK.
2-5-2016 Intel Guru Frank26 The Iraqi citizens have been...uniting with Sistani...Sistani is the Holy Man and you do not disobey him... Abadi heard the message loud and clear...Abadi’s on a hot seat so he is moving quick...and it’s not because he is scared of the laws or the IMF...he’s scared of Sistani, the Holy Man...So Abadi is busy right now...IMO... working on reforms... FEBRUARY 8TH...is a point in time when our atomic clock is ticking towards...because after that date you are going to see a plethora of many things... in this month of February especially after the 8th, the information will be poured out into the international world and it will be rather interesting...
2-5-2016 Newshound/Intel Guru BGG ...the recent Sistani rhetoric included (as I recall) - a semi-ultimatum for Abadi - to get economic reforms off the ground. Is Sistani putting pressure on Abadi? YES. is he calling for Abadi's replacement? (maybe) - probably a threat to get Abadi to moving on the economy...IMHO. [reference tman23 post 2-5-2016].
2-5-2016 Intel/Newshound Guru tman23 Sistani came out with a public statement that asked for Iraqi's to UNITE and that he backed Abadi reforms 100% and asked the citizens to cooperate and back the Prime Minister. EVERYBODY kept saying WOW...When Sistani speaks it is huge, he is the man that everyone listens to... WELL Sistani came out and made another announcement a few days ago...He called for the replacement of Abadi...And if the IMF has intentions of raising the IQD it is TICK TOCK on them...because an Abadi take down would leave the whole thing in limbo for a very long time... Time for the closing act...and get a standing ovation...otherwise it is his last performance!
2-5-2016 Intel Guru Frank26 IOO...Conditions are RED at the moment to bring forth a GREEN.
2-5-2016 Newshound Guru Mountainman CURRENCY Swaps will NOW begin between Countries Making TRADE DEALS w/each other...Oh Boy COMPETITION... And REAL ASSET VALUES will FINALLY let emerging Countries ARISE from the US FIAT ALBATROSS...IMO.
2-5-2016 Newshound Guru Backdoc WE HAVE THE BUDGET BEING IMPLEMENTED; RETIREES PAYMENT CARDS ACTIVATING ON THE 7TH AND 8TH; ANNOUNCEMENT OF THE NATIONAL RECONCILIATION LAW ON SUNDAY! AND THE FINAL MILITARY CLEAN UP OF MOSUL AND FALUSHA READY TO ROLL! THIS IS LOOKING MORE LIKE A WELL ORCHESTRATED EVENT! [post 2 of 2]
2-5-2016 Newshound Guru Backdoc THERE IS A LOT TO BE HAPPY, HAPPY, HAPPY, ABOUT! AFTER IRAN TOLD US THEY WOULDN’T ENTER THE WORLD WITHOUT IRAQ, AND LATER ALSO TOLD US THAT THEY WOULD BEGIN TO ENTER THE WORLD AROUND THE 8TH OF FEB., AND THAT IT WOULD TAKE LESS THAN A MONTH TO COMPLETE...OF COURSE THOSE WORDS ARE GREAT IN AND OF THEMSELVES BUT ONCE ADDITIONAL PIECES HAVE STARTED TO FALL IN PLACE I’VE GOTTEN, WELL, OK!, ALMOST EMOTIONAL! [post 1 of 2....stay tuned]
2-5-2016 Newshound Guru rcookie DONT TRY NOT TO BE DATE CENTRIC...THE EVENTS AND INITIATIVES THEY ARE TASKED TO DO ARE UNFOLDING DAILY...BUT THERE WILL NEVER BE A TELEGRAPHING OF THE VALUE CHANGE...
2-5-2016 Newshound Guru Kaperoni Article quote: "The prime minister's office held a workshop, in coordination with the central bank about electronic payment, electronic collection..." The CBI is not playing around...we will see the beginning of edinar start...electronic money...like a debit card...starting next week.
2-5-2016 Intel/Newshound Guru Poppy3 LOTS OF GREAT INFORMATION AND EVERY DAY FOR THE LAST FEW WEEKS [Guru] MILLIONDAY AND OTHERS HAVE CONTINUED TO SHARE STEP BY STEP SHOWING US COMPLETIONS OF SOMETHING INVOLVED WITH FINANCE. I KNOW THIS IS OUR MONTH AND THEY WILL FINISH THIS MONTH AND TOLD THEY WILL ANNOUNCE A NEW DINAR RATE OR THEY HAVE LIED IN INK TO THE FINANCIAL WORLD GUIDES. ...ALL THE NEWS MD [MILLIONDAY] HAS BEEN SHARING HAS LINED UP EXACTLY WITH WHAT HAS BEEN REVEALED.
2-4-2016 Newshound Guru Kaperoni Even though we see almost daily requests to devalue the dinar, or fears of emptying the reserves, the real pro's are well aware of funds, etc and the plan continues to move forward. I think it is safe to say, that the plan does not include an economic collapse so we just need to watch and let it come to us. Once the key laws pass, I think we should brace for the big bang and launch of the Iraqi market economy.
2-4-2016 Newshound Guru Millionday Article quote: "Department of pension affairs, social workers and security called for creditors of the campaign cards of "Ki-Card" and "manual exchange" to receive pensions for the months of January and February will be held on the seventh and eighth of this February." FEB 7TH AND 8TH THEY ARE SAYING ELECTRONIC BENEFITS WILL BE LOADED.
2-4-2016 Newshound Guru rcookie THIS IS WHY WE HAVE BEEN SO JACKED UP SINCE BEGINNING OF JAN AND ACTUALLY THEIR LAST REVIEW PERIODS...SEPT & DEC 2015...AND LOOKING FORWARD TO FEBRUARY... AND IMF & UN THERE TO MAKE SURE THAT WHEN THE BUDGET DISBURSEMENTS ARE MADE TO PROVINCES...THERE IS A SEAMLESS EXECUTION ALONG WITH TRANSFER OF POWERS FROM THE CENTRAL GOI TO THE INDIVIDUAL PROVINCES...THE UN IS THERE TO ASSIST AND MONITOR...THEY ARE FOLLOWING A CAREFULLY ARRANGED ACTION PLAN...HANG IN THERE EVERYONE...YOU CAN SEE THE TAPE AT THE FINISH LINE... [post 2 of 2]
2-4-2016 Newshound Guru rcookie IRAQ HAS BEEN ON THIS IMF MANDATE AUDIT SINCE 2011...WHICH IS WHY THEY HAVE SO MUCH DONE TOWARD WHAT THEY ARE TASKED FOR IN THIS ONE....IRAQS REPORT CARD FROM IMF TOWARD...INDIVIDUAL MANDATES...AND REVIEW DATES FOR COMPLIANCE...THEY HAVE MET AND EXCEEDED. THE NEXT REVIEW BEING END OF FEBRUARY... THIS IS WHY SO FRUSTRATING WITH ANY NEGATIVITY BECAUSE SO OVERWHELMINGLY POSITIVE WITH WHERE THEY ARE AT... [post 1 of 2....stay tuned]
2-4-2016 Newshound Guru Kaperoni Article quote: "...a lot of proposals submitted and through every means, but the government did not take all the proposals, the most important of which float the currency and raise the value of the Iraqi dinar..." This is starting the heat up if this article is any sign of the process. Tariffs are now in place, I have read about mechanisms for taxes in articles...over the last few weeks, we see the CBI activating edinar/ebanking etc...so we are getting closer to Article VIII and the float (which will delete the zeros). But we must see the laws pass to create the environment. Let it come to us.
2-4-2016 Newshound Guru Millionday Aricle quote: "The Iraqi parliament on Wednesday, with the central bank and managers of banks government plans to overcome the current financial crisis." ...THE MEETING WAS ABOUT THE INTERNATIONAL RATES -- AS WELL AND THE DEVELOPMENT OF BANKING AND THE DINAR EXCHANGE RATE...THIS IS GREAT WHOOOPOW.
2-4-2016 Intel/Newshound Guru Poppy3 MY CONTACT INFORMED YESTERDAY A ABADI STAFF MEMBER SAID THEIR SECURITY ISSUES ARE NOT ISIS OR DAASH BUT INTERNAL CORRUPTION. SAID THEY ARE MAKING HEADWAY BUT SLOWER THAN ABADI WANTS. ...ABADI WAS ADAMANT ABOUT COMPLETING THE REFORM THIS MONTH.
2-4-2016 Newshound Guru rcookie THE TARIFFS...RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO...AS WELL AS ALL LAND...AIR & SEA BORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTOMS TARIFF ACTIVATION...TARIFFS AT THE BORDER ARE PAID BY IMPORTERS BRINGING CONTRACTED GOODS INTO COUNTRY...AND COLLECTED BY CUSTOMS BORDER AGENTS....THOSE GOODS ARE THEN BROUGHT INTO RETAIL MARKET WHERE THE PRICES WILL REFLECT THEIR FAIR MARKET VALUE WITH INT'L EQUATION FACTORED IN...AND THEN REALIZED AT POS (POINT OF SALE) BY END CONSUMER...FINALLY A FAIR PLAYING FIELD FOR THE IRAQI PRODUCES...
2-4-2016 Newshound Guru firefly We are at a point now where agreements are going to be activated, no ifs or buts. Iraq has an obligation to get er done!
2-4-2016 Newshound Guru Millionday Press conference quote: "within the coverage of the budget will be put national bonds at home to be purchased by citizens at an interest rate similar to the interest which are raised for foreign bonds," adding that "these bonds will bring good return to the citizen". THEY HAVE ANNOUNCED TO THE CITIZENS THAT NOT ONLY ARE THEY ABLE TO COVER THE BUDGET AND AGREEMENTS BUT ALSO THEY WILL BE ABLE TO INVEST IN THE BONDS AT A GREAT RETURN --- THIS ANNOUNCEMENT IS A HUGE ONE TO MAKE IN IRAQ RIGHT NOW IN THE ECONOMIC CONDITION THEY ARE IN. THIS REQUIRES THE MOVEMENT OF FUNDS TO EVEN BE POSSIBLE...I KNOW I AM EXCITED.
2-4-2016 Intel/Newshound Guru Mnt Goat Update: Fighting ISIS: It is my opinion that the battle for Mosul will not be long. I base this statement on all the planning I see and my conversations with many of my friends now stationed in the area. I can see they plan to move this along as quickly as possible... I believe they are still planning within the end of Feb timeframe for completion of this campaign.
2-3-2016 Intel Guru Bluwolf we are in a anytime this go situation...Seems that all is well both in Iran and Iraq, ships and airplanes coming in and out, so I guess there RV'S should be in by now...All banks now Gold and Silver standard, personal trained and should be expectedly ready. The rates on the dinar should be as in the original plan, I honestly do not believe it coming in the low 3 like some bank wants you to believe.
2-3-2016 Newshound Guru Millionday I HAVE ONE MORE PART OF THOSE ORDERS: "...by end-February 2016, appoint international auditors to audit the latest financial statements of Rasheed Bank and Rafidain Bank according to international standards..." THIS IS FORMAL IMF DOCUMENT RELEASED BY IMF. NOTE -- AGAIN -- THE END OF FEB. THEY COMPLETED AUDIT SO THIS WILL BE JUST TO OPEN THESE BANKS AND COMPLETE THEIR REFORM ON THESE TWO BANKS.
2-3-2016 Newshound Guru Millionday Report quote: "by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF." THIS IS HUGE AND VERY IMPORTANT AS IT WAS THE MEETING ABOUT ARTICLE 8 WITH THE IMF AND THE REQUIREMENTS. THE END OF THIS MONTH...WHOOOPOW. [post 1 of 2....stay tuned]
2-3-2016 Intel/Newshound Guru tman23 The opinion was that Iraq needed a stable government to revalue it's currency... Sistani just called for the replacement of Abadi which only shows that the Supreme Leader has lost confidence in Abadi... A citizen uprise against the government is not favorable... The talk of not being able to meet salaries come April is not favorable... This is not to say that Abadi doesn't have the plan in motion to revaluation...or the IMF for that fact...BUT Sistani has spoken and now they don't have time to play or delay...That goes for both Abadi and the IMF if a revaluation is truely in the plans.
2-3-2016 Newshound Guru Enorrste Therefore, if a local Iraqi has a choice between pulling his dinars out from under the mattress to go to the market or taking his debit card, I would vote for the debit card. In time, and I suspect in a short time, confidence in the banking system will increase and more and more hidden dinars will come to the surface (there is also the lure of buying gold coins). All dinars that are brought to the surface will be destroyed and Iraq will join the world economy, as the IMF has stated. It is an ambitious goal, but with the backing of the world's bank, I am confident that it will succeed The alternative is not acceptable, either to us as investors or to the IMF. [post 2 of 2]
2-3-2016 Newshound Guru Enorrste Article: "The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks" First, it seems apparent to me that this new initiative is being driven by the IMF rather than by the CBI or the GOI. That being said, I foresee things moving at a somewhat faster pace here forward. Second, to the extent that the GOI/CBI/IMF require payrolls to be made electronically it is my opinion that people will fall in line quickly with the simplicity of an electronic system. Think about the US: we all used to use dollars (assuming you are over 60), but now we almost all use a debit card (at least I do). It was not a hard sell. In fact, the transition was painless. [post 1 of 2....stay tuned]
2-3-2016 Intel/Newshound Guru Mnt Goat Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for. But we know last weekend there was a huge meeting to talk about the stalling and to get support from all the regional leaders. So far I have heard the meeting was a success but still we do not see the laws on parliament’s agenda. Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. We are hearing the government wants to go electronic this month for payment of salaries. I can say without a shadow of a doubt that there is absolutely NO CONNECTION between payments of these salaries and the RV. Even though I keep repeating what we should now be looking for I have also been presenting PROGRESS to you slowly but surely. There has been a much needed, more accelerated progress in Economic Reform and Currency Reform as of lately.
2-3-2016 Intel/Newshound Guru Backdoc WE HAVE TO BE ELATED AS WE WATCH A MASSIVE NUMBER OF LAWS FINALLY BEING IMPLEMENTED, TARIFFS READY TO GO, TPP ABOUT TO BE SIGNED ON THE 4TH AND 5TH, SECURITY ABOUT TO BE WRAPPED IN FALLUSHA AND MOSUL! NOW THAT IRAN HAS AN OFFICIAL INTERNATIONAL RATE I SINCERELY DOUBT "THE DEAL", WOULD ALLOW IRAN TO RUN LIKE THE GINGERBREAD MAN TO A NEWLY VALUED CURRENCY WITHOUT IRAQ AND POSSIBLY S.A.!
2-3-2016 Newshound Guru wmawhite ...if you had to start buying and selling outside of the USA using your own money and you had to use $1182.00 each time you purchased one small item that would normally cost $1, wouldn't you start using your money smarter? If you had 91 tons of gold and 100s of years of natural assets...wouldn't you arrange deals with other countries so that you would not have to pay $1182 for that $1 item? Instead, you would explain how you were more valuable and your one dollar was worth much more. This is what will take place when Iraq enters the economy market. [post 2 of 2]
2-3-2016 Newshound Guru wmawhite Many members of parliament do not get the "big picture" when it comes to long term strategy and competing on the world economic stage. Then there are others that get part of the "big picture", while are very small number are actually involved in this actually process. [Isn't burning through the reserves a bad idea?] ...the IMF told you, me and the world what will stop that...what was it? The move away from Multiple Currency Practice (MCPs). ...honestly...you ought to drop the term RV...concentrate on what will bring the change in the value of the IQD...and that was told to you by the IMF. ...the CBI in conjunction with the IMF are preparing to enter the economic markets. [post 1 of 2....stay tuned]
2-3-2016 Newshound Guru OOTW THEY WANT TO PULL IN THE "LOCAL" CURRENCY TO BRIDGE THE DEFICIT IN THE BUDGET. BY BRIDGING THE DEFICIT IN THE BUDGET, (BY PROXY) THEY'RE ATTRACTING IQD AND INVESTORS WHO ARE HOPING TO REAP PROFIT BY PURCHASING THE BONDS AT A (TBD) INTEREST RATE. THIS IMHO, WILL TEST THE CONFIDENCE OF IRAQI'S AND ALSO PULL IN IQD...it appears to me that they do this by buying foreign currency reserves. Once the cbi stops this intervention And people continue to buy dinar This will cause the exchange rate to go up - that is the hope anyway. [post 2 of 2]
2-3-2016 Newshound Guru OOTW Article quote: "Iraq plans to sell local bonds to the public for the first time since 2003, with a 5 trillion dinar ($4.24 billion) issue expected this year, the finance minister said on Thursday, as the country seeks to cover a widening budget deficit." IT APPEARS THAT IRAQ...OFFERING NATIONAL/LOCAL BONDS IS TRYING TO PULL IN IQD. BY IRAQ OFFERING BONDS IN LOCAL CURRENCY, THE ATTEMPT IS TO DRAW IN IQD BY OFFERING THE BONDS FOR SALE IN THE VALUE OF THE LOCAL CURRENCY... THE ARTICLE STATES AT "1180". [post 1 of 2....stay tuned]
2-3-2016 Intel Guru Frank26 The IMF is in contract with the CBI and the GOI together...there is a target date and it is being rumored all over Iraq right now. Iraq is on the verge of something happening to the citizens...to the banks...to the Kurds...to Sistani...to the GOI...and there are more...but all are waiting to see the CBI’s next move...and they said 2-3 days ago they were going to work on that. The Minister of Planning...says to fix their problem they need to raise the rate to 1 to 1, actually he said a rate of about 1.13 to 1.15 for 2-3 years and then he said, maybe after that time period maybe we can see if we can take it up into the $3 range. [post 2 of 2]
2-3-2016 Intel Guru Frank26 [via Aggiedad77] ...the CBI right around Thursday going into Friday...they made some moves and there is a good sound reason for these moves...it was around that time that our TEAMS found out that they were about 2 or 3 days away from taking the recommendations that were given to them from the IMF and many other agencies they are working with right now and move forward with the solution to their liquidity problems in Iraq. [Guru] DELTA and I talked and thought good gracious if they do this there is only one way and that is to lift the value of their currency...these guys are very serious about taking the recommendations of the IMF and fulfill the solutions to many of their problems...paying debts to people...the deficit in their budget...all the bad things that are going on with Iraq right now with their reforms...2-3 days...well that would put us right about now...today. It is of no exaggeration when we say there was a lot of activity and...some very powerful articles that had some equally powerful statements. [post 1 of 2....stay tuned]
2-2-2016 Newshound/Intel Guru Randy Koonce [via clay] [any good news besides ink...hope with this RV is fading.] Why is it fading it is just getting to the end.
2-2-2016 Intel/Newshound Guru tman23 Article quotes: “leave and Finance Minister Hoshyar Zebari for two consecutive months, aiming for surgery in the British capital London.” “there are no confirmed on the replacement or dismissal from office Zebari and information but are waiting for the issuance of an official letter from the Iraqi government for permission in this regard.” KEEP YOUR EYES ON THIS EVENT...IMO, THERE IS MORE TO IT, AND IT IS AN IMPACT SITUATION... GOOD, BAD, INDIFFERENT... IT IS HUGE!
2-2-2016 Intel Guru SteveI Our sources are telling me Iraq is getting safer by the day. It will not take that much longer before ISIS is nothing but memories.
2-2-2016 Newshound Guru Stryker Iraq's transition...into the Global Markets...is being accomplished as we type this very announcement...
2-2-2016 Newshound Guru Backdoc WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS! THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD! ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM...COULD THEY BE READY TO LAUNCH THEIR CURRENCY AT THE SAME TIME IRAN AND IRAQ LAUNCH AS WELL? ...TODAY IN IRAQ WE HAVE ARTICLES STATING IRAQ IS READY TO SELL THE DOLLAR!!
2-2-2016 Newshound Guru Kaperoni Article: "Call for the adoption of an effective policy for the management of liquidity" Quote: "the size of the Iraqi economy requires all banking regulations, which indicate the movement of funds meticulously, pointing to the existence of sophisticated technology adopted by the international banks prefer to work on the transfer to Iraq in the coming period." I love this article because it says that in order to move to Article VIII, and freedom of movement of capital, the CBI must raise the level of the banking system and operate with "sophisticated technology" as adopted and preferred by international banks. More importantly, it clearly implies that Article VIII (freedom of movement of capital) will occur in the "coming period." We can only hope that is within a few months. BTW it fits with the IMF statement of 1st half of 2016.
2-2-2016 Newshound Guru wmawhite Remember...the IMF and the World Bank has been consulting numerous times throughout the years with Iraq (CBI, GOI, Parliament). They know more about Iraq than the Iraqis do and YET! Let's say that again, YET! the IMF told the entire world that they expect Iraq to enter the economy market during the 1st half of 2016. ...what I just posted is FACT...plain and simple...fact.
2-2-2016 Newshound Guru rcookie QUICK QUESTION..."IRAQ FAR FROM BEING A PARADISE AND A CESSPOOL"....WHY DURING THE GREATEST WAR AND CONFLICT WITH..MOST VIOLENT ABHORENT TERRORISTIC GROUP IN THE HISTORY OF MANKIND...DID THIS CESSPOOL ATTRACT OVER 5.5 MILLION RELIGIOUS VISITORS...AND BREAK EVERY VOLUME RECORD OF AIR TRAVEL IN IRAQS HISTORY...IN THE PROCESS. [reference tman23 post 2-2-2016]
2-2-2016 Intel/Newshound Guru tman23 Much propaganda for "the return of Iraqi's"...See the planes leaving Kurdistan and the boats arriving in Greece... See the citizens selling everything they have to get out of Iraq with their families...See Iraq working with Netherlands to "forceably" deport Iraq citizens back to Iraq... Sure some Iraqi's fled to europe expecting streets paved in gold etc..etc...and where disappointed because they were not greeted with gift cards and gold...But no matter how much we all would like to see a RV...make no mistake...Iraq is far from being paradise... Quite frankly the fact is...it is a cesspool!
2-2-2016 Newshound Guru Kaperoni Article: "The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks " Big move for them technology wise. And surely necessary for the advancement of the banking system on a global scale.
2-2-2016 Intel/Newshound Guru Mnt Goat Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.” WOW! So the average citizen will automatically also get 18% on their money. Incidentally this also meets a goal recommended by the IMF to help them out of the liquidity problem. More money in the banks allows more money for the banks to loan out. With this new diversification effort the banks will need all the money they can get and this will bring billions of dinars into the banks. Do you think this effort might also raise the value of the dinar as it creates an automatic demand for it...this is such HUGE news... Remember I told you something BIG was brewing and now all of today’s news is telling us this BIG news. [post 2 of 2]
2-2-2016 Intel/Newshound Guru Mnt Goat ...the CBI has announced they are ...launching the e-dinar (electronic dinar) payment system. This is planned to be used for the government to deposit the retirees, displaced salaries and salaries of the government employees automatically in their bank accounts. It will also tie into the SMART cards. What does this do for the financial reform? - it forces the citizens to trust in the banks, something some day they too will take for granted. - it cuts down on corruption and bribery - it paves the way to ending the currency auctions. - reduces the problems of handling cash (less of the 3 zero notes in circulation). [post 1 of 2....stay tuned]
2-1-2016 Newshound Guru Kaperoni Article quote: "citizens to the acquisition of national bonds, which will present soon, instead of relying on "hoarding money"..." Well...this is more related to getting the 30 trillion or so out of the mattresses than anything else. They are issuing bonds at a higher interest rate, 50k notes, and selling gold. All are good...but fall short of the real need...deposit insurance. They really need to start reducing the money supply (to strengthen the dinar) which will allow them to control the spread within the 2%. We continue to watch and see.
2-1-2016 Newshound Guru Mnt Goat We have already seen Iraq being set up with the SWIFT code system (Society for Worldwide Interbank Financial Telecommunication code) An internationally-recognized identification code for banks around the globe. Just recently we witnessed news that Iran too was re-hooked back into SWIFT on Jan 31st. Is this coincidental that these articles are so close in proximity to each other? So now we see Iraq working on their domestic systems. But they are not hooking them up instead they are instructing and teaching the banks how to use them. We witnessed the electronic system installations a very long time ago in Iraq. These systems need to coordinate with the SWIFT system and this is what they are now doing. Is this amazing news or what? As [Guru] Millionday would say WOOOPOW! This is how close we are to the RV!
2-1-2016 Newshound Guru Kaperoni Article: "The introduction of tariffs in all border crossing points" Quote: "the border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region outlets since the 16th of last month." Let's hope the pressure starts.
2-1-2016 Newshound Guru rcookie [tax and tarriffs but no rate increase?] NOT YET...BUT COMING...IMO.
2-1-2016 Newshound Guru wmawhite [with taxes & tariffs being collected now, how realistic is it that we have to wait until almost the end of the first 6 months? Can Iraq last that long?] I don't know...however, think about it...who would know better about how long this and how long that? The IMF...and the WB. But what is significant about entering the economy/global market? The status of the IQD must change. It must be Iraq primary means of conducting international commerce. When that happens, IMO, Iraq will not be able to do that at its artificial value.
2-1-2016 Newshound Guru Butifldrm [new Guru] In Iraq always the cart before the horse...you would think that giving the citizens more buying power would help offset the tariffs. I'm thinking from the articles that I read, that the government thinks the tariffs/taxes will not affect the average citizen... the majority of people are on ration items and they live a meager existence. What everyone has to understand...there is no going back on the tariffs...they are signed into law and into the Gazette through the budget.
2-1-2016 Newshound Guru rcookie [when do you think these auctions will stop?] WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP...THEY NEED CURRENCY...THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP...AND RETAILERS USE IQD FOR PURCHASE TRANSACTION PROCESS... [I thought they were trying to dry up the dollar already?] THEY ARE..BUT...LIQUIDITY IS DIRE. [post 2 of 2]
2-1-2016 Newshound Guru rcookie I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT...SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES. [well it is an international bank.] IT IS...BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ...THAT WAS PUT UNDER "GUARDIANSHIP STATUS" IN 2013 TO SUPERVISE THEIR INSOLVENCY...AFTER REHABILITATION & RESTRUCTURING...THAT GUARDIANSHIP WAS LIFTED THE OTHER DAY..ALLOWING THEM TO RE-ENGAGE IN BANKING ACTIVITIES INCLUDING THE AUCTIONS...AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK...WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS. [post 1 of 2....stay tuned]
2-1-2016 Newshound Guru firefly The HCL is NOT a requirement for any currency shift. When the border tariffs are activated I'm pretty darn sure we will see what we have been waiting for!
2-1-2016 Newshound Guru Millionday ...FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ -- THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS: “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.” IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY. SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ.
2-1-2016 Newshound Guru tlm724 Article quotes: "Oil Minister Adel Abdul Mahdi, in his speech at the forum that there is a national agreement on the importance of re-establishing national oil company, according to a deliberate steps legally and economically to return to the normal situation for the oil sector...and that is every citizen shares in this company...and the law of oil and gas that will be passed" thats very encouraging...in line with what came in the Iraqi constitution, the people are going to get their share of the oil profits finally! *hallelujah* awesome to see them move forward!!
1-31-2016 Newshound Guru Millionday Article quote: "The spokesman for Prime Minister Saad al-Hadithi, Saturday, that the Iraqi government has informed on the Kurdish delegation to visit Baghdad on Sunday and will discuss the distribution of wealth..." WE LOOKED AT ALL OF THE ECONOMIC PORTIONS OF THAT MEETING AND IT WAS IMO VERY OBVIOUS THAT WITH THE SIGNING OF THE AGREEMENT AND THE RESULTS TO BE MOVING FORWARD WITH REFORMS -- THE KURDS COMING TOMORROW TO DISCUSS THE WIRING OF FUNDS IS QUICK AND ONCE AGAIN SHOWS URGENCY...IT IS EXCITING IMO.
1-31-2015 Newshound Guru wmawhite Remember, the biggest impact of the Investment Laws is the removal of the exchange restrictions, i.e. money entering Iraq and leaving Iraq...this issue, IMO is that the ISX is on the verge of tying into the other 23 country trading platforms..."entering the markets". IMO, the HCL is a budget issue and has zero to do with Iraq entering the markets with an international recognized currency. Remember, did the IMF MoU say anything about the HCL? Answer: no.
1-31-2016 Newshound Guru tlm724 Article quote: "Called on the Parliamentary Finance Committee member Masood Haider, on Friday, the government sale of property to the state "luxury", including the palaces of former President Saddam Hussein's regime to supplement the general budget, noting that the sale of these properties Sarphi budget by 100 - $ 150 billion." anyone who says this is irrelevant is a fool! this is big stuff...it really could make a huge difference going forward!
1-31-2016 Intel/Newshound Guru Poppy3 AGAIN I REMIND ALL OF YOU THE RV IS A FOREGONE CONCLUSION...NEWS WILL CHANGE BUT THE RESULTS WILL BE A NEW RATE ON THE DINAR. WE ARE WINNERS.
1-31-2016 Newshound Guru wmawhite Again...I see information that supports my belief that this investment is coming to a close this year...and sooner than many think.
1-31-2016 Newshound/Intel Guru BGG This 50k being used meaning something bad for us as investors is "not a real issue" that needs talked about... for them to take their currency that direction would spell DEATH FOR IRAQ...it is MHO the IMF is in charge and won't let that happen.
1-31-2016 Intel/Newshound Guru tman23 Certainly the news provides evidence that Iraq is moving forward in a positive way for change. That being said...the rate change that leads to 3 zero IQD notes being worth tens of thousands in foreign exchange is still only speculation ...AND we have no MORE PROOF TODAY then we had 5 years ago that the 3 zero notes will be worth tens of thousands of dollars in exchange... What we have is speculator opinion and hope... And the only change we see so far regarding IQD is the rate going from 1166 to 1180 (devaluing) and the introduction of a 50,000 note into circulation.
1-31-2016 Newshound Guru Millionday THE LARGEST NEWS OF THE DAY OF COURSE IS THE CHANGE WE HAVE SEEN ON CBI. IF YOU HAVE NOT SEEN THE CHANGE ON CBI.IQ -- YOU HAVE MISSED OUT. WHOOOPOW... IT IS OBVIOUSLY SET UP FOR ALL OF THE INFORMATION NEEDED TO GO TO THE GLOBAL MARKET. http://cbiraq.org/
1-30-2016 Newshound Guru firefly Remember, The IMF cannot physically revalue a country. Their job is to monitor, assist and approve a currency shift or deny one. If they approve it, it is sent to the BIS...Bank of International Settlements. Once the BIS puts their stamp on it it is returned to the IMF who then informs the country. That is the process. [Are they about done with this process?] Certainly appears that way.
1-30-2016 Newshound Guru OOTW THINK ABOUT IT, IS THERE ANY REASON IN THE WORLD, A BUSINESS WOULD SLOW DOWN A PROCESS FOR GROWTH, DEVELOPMENT, AND ITS ABILITIES TO MAKE MONEY, IF THERE WERE NO CONSEQUENCES TO RAPID CHANGE? THE PEOPLE OF IRAQ, THOSE POVERTY STRICKEN CITIZENS, WHO HAVE BEEN HANGING ON TO LIFE BY THREADS, WILL ONE DAY GET RELIEF FROM THE DUES THEY HAVE PAID...THEY WILL THRIVE, AND SO WILL WE! [post 2 of 2]
1-30-2016 Newshound Guru OOTW WE KNOW WAY TOO MANY FACTS, THAT HAVE BEEN CONFIRMED BY WAY TOO MANY USA MAINSTREAM MEDIA OUTLETS AND GOVERNMENT OFFICIALS, TO QUESTION THE NEEDS, THE WANTS, THE DESIRES OF IRAQ AS A SOVEREIGN NATION, AND THE NEEDS, THE WANTS, AND THE DESIRES OF MOST OF THE REST OF THE WORLD FOR AND FROM IRAQ...AS ONE OF THE MOST POWERFUL, WEALTHY COUNTRIES ON THE GLOBE! WE SEE THE TREMENDOUS MOVEMENT WITH REGARDS TO THEIR LAWS, AND BRINGING THEM TOWARDS INTERNATIONAL COMPLIANCE AND STANDARDS...WHILE IT MAY NOT BE ON OUR TIMETABLE, IT OBVIOUSLY IS ON SOMEONES... [post 1of 2....stay tuned]
1-30-2016 Newshound Guru mike Article quote: "...January 30: Under the slogan of "decentralized service...stability...development toward a united Iraq," was launched on Saturday" This is a great article, it's one of the things I've been waiting for. De-centralization is the key to Iraq's future success, the old, centralized socialist economic model will not work anymore with the oil at $30 a barrel. Hopefully, the plan is to rapidly move to an open market economy where capitalism moves this country forward and away from the control of the central government
1-30-2016 Newshound Guru Breitling article [Iraq sells bonds to local citizens for the first time since 2003 ] Were they already selling bonds? What they were doing was selling bonds to anyone who had US dollars, it was meant to raise money internationally to get more US dollars into Iraq as they can and now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they’re concentrating on it. So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq. So that’s HUGE news for us. It means everything…here we are, you’re watching the note count being reduced. You’re watching the US dollar being pulled out of the market. You’re watching the build up of the reserve with the US dollar from bonds. You’re watching them build up their gold reserve.
1-30-2016 Newshound Guru firefly "(Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities 01/28/2016" This announcement is pretty darn BIG. [what does this announcement mean?] Warka is international. Appears guidelines were met. I don't have a date but I advise you folks to be READY! IMO we are overdue! I am more excited than I have ever been.
1-30-2016 Newshound Guru wmawhite [Do you think it will go alongside Iran?] No...and what Iran does or doesn't do, IMO, is like the drunk in the stands at a ball game...keep your eye on the ball. I am putting my money with what the IMF has told the world...Iraq will enter the markets during the 1st half of 2016. I am sure that when the IMF put together this MoU with the MoF and the CBI that they were well aware of everything going on throughout Iraq, Iran and the ME.
1-30-2016 Newshound Guru Millionday [Do you think they have been waiting for Iran all this time as part of the plan?] I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL. [Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar?] THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM. I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE. [post 2 of 2]
1-30-2016 Newshound Guru Millionday Article quote: "The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31..." IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS... THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST... SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS. THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND. [post 1 of 2....stay tuned]
1-29-2016 Newshound Guru Mnt Goat Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for. Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. The 2016 budget has also been passed, ratified and in the gazette. It is now open for spending allocations, but no RV (...it is NOT any indicator of the RV anyhow, it was not in 2012, 2013, 2014, 2015 and it is not in 2016). The problem of a huge deficit for 2016 still lingers as Abadi and parliament try to find ways to fill the gap. Now recent news that they are at least considering under study of increasing the value of the currency as an alternative solution.
1-29-2016 Newshound Guru Breitling […noticed the 10K notes are now limited…this is a good sign.] Damn right it’s a good sign! It’s a beautiful sign! It’s because they’ve reduced the note count…where everybody is feeling it. Inside the U.S. where we have that liquid market that we have for the dinar, about half the people that own dinar actually got out… but the other half is unwilling to sell so that creates a shortage on both ends from the brokerage firms. There’s not all this dinar coming out of the middle east like it used to and then on our end it’s not circulating back and forth, the velocity of the currency is not what it used to be. This means something very very big for us and it’s a beautiful thing.
1-29-2016 Newshound Guru OOTW Article quote: "Iraq observers now in the WTO and is working hard to enter as a member of this organization does not allow the boycott of goods for political reasons." MANY SEEMINGLY INSIGNIFICANT LAWS HAVE BEEN PASSED SINCE ABADI CAME INTO OFFICE, MANY OF THESE LAWS WERE LAWS REQUIRED BY THE WTO FOR IRAQ TO PUT HEALTH AND SAFETY REGULATIONS, GOODS CONTROLS, TRANSPORTATION QUALITY CONTROL REGULATIONS, AND MORE IN PLACE...FOR ACCESSION TOWARDS FULL MEMBERS STATUS TO THE WTO.
1-29-2016 Newshound Guru Kaperoni the depletion of reserves (I don't believe they are below 50 billion yet.) only puts more pressure on Iraq to get the market economy started and close down the auctions. I think we are still on track.
1-29-2016 Intel Guru SteveI [The new CBI bank site has been up for a while...This is the first time however they have linked the Old CBI site to the new CBI site.] Yes we are all aware of that site being around for some time now, but the linking between the two is new and now with new data. [Wasn't it assumed a while back that when we saw the new website getting activated that we were about to see everything unfold with the dinar.] That is a pretty good assumption. We are getting very close.
1-29-2016 Newshound Guru Adam Montana [I've always been of the belief that Iraq must enter into Article 8 (IMF) in order to go "international" Any opinion on this?] They "must" enter Article 8 with the IMF? No, absolutely not. Would it be "helpful"? Possibly. But they don't "need" to do that at all.
1-29-2016 Newshound Guru tlm724 Article quote: "Finance Committee and talked about the possibility for the government amounted to $ 150 billion from the sale of real estate State." That is saying it could possibly be up to $150 Billion dollars! ...it is awesome to see some news to get excited about. It is also great to see Iraq think outside the box about selling off this real estate instead of beggin with their dirty hands out lol. ...I am sure it came at the urging of the IMF! I am not ashamed to admit that I was shocked at these numbers, that is a boat load of dough and could very well have a huge impact on our investment.
1-29-2016 Newshound Guru Bondlady I did see something today that could be a game changer for us all...you see the IMF keep saying...that they are not negotiating with Iraq per loans at this time right? Article: "Officials expect revenues exceeding $100 billion from the sale of 600 thousand state-owned property" its been in the news...Iraq gov gonna sell off some properties and land to fill the deficit. whats the deficit like $ 20 billion? if they do this sale they will receive in excess of 100 billion dollars USD approximately according to their news... the CBI reserves are like 58 billion or so right as of now? add a 100 billion USD to that after this sale... what if the sale of this real estate was so big a 100 BILLION big...that it made their reserves almost 160 billion hmmmm USD riddle me that batman lol. think of the repercussions of that huge reserve amounts and to their exchange rates as well as economy and businesses to jump start all the factories and industries...I could see they could set a nice rate or possibly reinstate it but as usual you have to wait it out.
1-29-2016 Newshound Guru wmawhite As told to us by the IMF...Iraq will/expected to join the economy market during the 1st half of 2016...at that time the IQD will be international...everything we are seeing is in response to those expectations. Otherwise, why do them...they could just do nothing and stay with the USD and stay poor for ever. Every detail that is in the works for this to happen was outlined in the Technical Letter of Agreement/MoU...IMO there are no other required laws for Iraq to join the markets...we can only believe that the value will change because as it enters the market it will have a "rate". And they will never survive at 1182. [Not even at 1:1.] I can agree with...that.
1-29-2016 Newshound Guru firefly Items that needed to be completed ...were... Not all...most. There is one more timeline I'm looking at...Not necessarily for the currency shift but an obligation...though nobody knows the date it can now literally happen at any time.
1-29-2016 Newshound Guru Kaperoni I have talked to several experts in the field of security in Iraq, and discussed the conditions and whether or not it plays a part. First off, the answer at this point was no. That 75% of Iraq is stable and secure and waiting on investors including the Kurdistan region. And second, was that the banks and money in the terrorist areas (mainly Nineveh Province) have been written off as a loss. That is probably one of the reasons they simply decided to bomb the banks in that area. So the point I am making...is that it may have some part in the delay, it does not seem to be a concern to those who understand what it takes to get this plan rolling forward. [post 2 of 2]
1-29-2016 Newshound Guru Kaperoni We all have our opinions on when the process can begin. I tend to believe the ones in the trough working on the plan. And that is the IMF and CBI. They have made it very clear that Iraq will open to the market first half of 2016. To me, that means Article VIII and freedom of movement of capital will begin within the next 4-5 months. It is do-able IMO, but Iraq needs to continue to make progress each week, getting the banking system up to date, signing agreements, passing laws, etc. We must be reminded that oil revenues are not sufficient to meet the budget (and most importantly the salaries of government employees). This is the motivation to push forward the market economy as soon as possible. [post 1 of 2....stay tuned]
1-29-2016 Newshound Guru Adam Montana [What else is needed for Iraq to RV other than HCL being passed/approved and in the Gazette? In your opinion (any news from your contacts) do you think Iraq will RV their currency in 2016?] When it comes to the DATE, such as a 2016 chance... I'm currently watching the OIL, which should give us a nice starting gun to begin the HCL race, and the finish line is RV!
1-28-2016 Intel Guru Frank26 [via Aggiedad77] Iraq and Iran are following the same mirror image of their monetary reforms...the only difference is one is on a conveyor belt and one is just walking. World currencies contributed to Iraq, not to Iran...and only the CBI...said we will increase the value of our currency soon...well now Iran is saying it...sure because their sanctions are finally being lifted...but that is exactly what happened with Iraq...their sanctions were lifted...we are going to lift the value of our currency...well do it... ...on the 31st of January Iran is going to restart the SWIFT system... You do know that Iraq is already in the SWIFT system right...it’s like every little step that Iraq takes Iran is taking it also. Iran is showing you everything, but Iraq refuses to...yet they walk together towards a simultaneous goal.
1-28-2016 Newshound Guru Aggiedad77 Article quote: "...in the annual Transparency International report applies 100% on the ground, as charged former Prime Minister Nuri al-Maliki responsible for the theft of money of the Iraqi people. " What a shame, Maliki has been out of office...that of PM for a year and a half now, and yet the wounds that he inflicted upon the Iraqi people continue to bleed almost unchecked it would seem...his corruption and graft were so rampant...so obvious....and such a detriment to the very lifeblood of his country...the citizens...clear evidence of how no shame can be so evil and turn a blind eye on humanitarian needs...May his days of freedom be numbered... may the Iraqi citizens recoup what he stole from them....may Iraq rise in strength once again as a crossroads of the world.
1-28-2016 Newshound Guru Enorrste "CBI adds Economic & Statistic Data CBIESD" I went to this new site and looked through it. In the Financial Sector under currency I found that 90% of the currency issued by the CBI is located outside of banks. The banks only have 4 trillion dinar out of a total money supply of 40 trillion dinars. No wonder there is a liquidity crisis within the country. Hopefully the issuance of larger notes and gold coins will flush out most of this money and get the ball rolling toward a free floating currency.
1-28-2016 Newshound Guru Kaperoni "CBI adds Economic & Statistic Data CBIESD" It is very clear, the CBI had created the website...to document the statistics needed for international banking and guidelines. Once it was done, tested, it was integrated into the main CBI site as of today. There is some real significance to this site. First the site was sorta (underground) for a period of time as they prepared and published the information. To connect it with the main site (cbi.iq) today, tells the world about this site. Second, this kinda reporting is a requirement for international commence. The IMF has talked in the past about reporting systems, etc in Iraq and the need to improve. I think we can safely say that this new information is a real step forward towards compliance with the global banking system. It seems like another piece of the puzzle and a clear step towards the end goal.
1-28-2016 Newshound Guru Administrator Bob "CBI adds Economic & Statistic Data CBIESD" Today, the CBI integrated a statistical website that was under development into the main website. This appears to be a very significant and important step towards international compliance.
1-28-2016 Newshound Gurus rcookie & firefly IMF PUBLISHES LIST OF 10 WORST ECONOMIES IN THE WORLD: 1. YEMEN...2.SIERRA LEONNE...3. VENEZUELA...4. GUINNEA...5, UKRAINE...6. BURUNDI...7. LIBYA...8. SOUTH SUDAN...9. BRAZIL...10...RUSSIA. Every one of those countries has a higher value than Iraq! Imagine that. How can Libya of all places have a higher currency value!
1-28-2016 Newshound Guru Millionday AFTER COUNTRIES GO THROUGH WAR -- THE REBUILD BRINGS FUNDS AND INVESTORS ACCORDING TO HISTORY AND LOGIC. SO AS WE HAVE BEEN SAYING FOR YEARS -- THE OPPORTUNITY IN IRAQ IS HUGE FOR INVESTORS AND ALSO EMPLOYMENT ETC.
1-28-2016 Newshound Guru Adam Montana I mentioned 2 major things last week: Parliament and Price of Oil. Parliament is stalled... no news out of them this week. But it won't stay that way for long - things will pick up speed again, just as sure as the sun will go down and come up again. So forget about Parliament for a minute, and let's talk about Oil. Crude has crashed over the past couple months, and I'm not going to bore you with a long analysis...I'm just going to give you my opinion - as of this morning, I'm finally starting to feel like we may have reached the bottom. Once we've reached the bottom, prices should stabilize and that's when I believe the CBI will loosen it's grip on Parliament (yes, I believe that the CBI has MAJOR strings to pull in the GOI), and once we're looking at a consistent uptick in oil... THAT is what we are looking for. It could trigger the HCL out of sheer necessity, and then we're in business. Of course, I could be wrong on this "bottom". [post 2 of 2]
1-28-2016 Newshound Guru Adam Montana To be completely frank on the situation, the IQD isn't nearly as complicated as a lot of people make it out to be... but in some ways, it's much MORE complicated. Here's how it is simple: The CBI has the final say in the exchange rate of the Dinar. PERIOD! The IMF doesn't control the rate, Maliki has no control over it... When the CBI says "The new rate is X", that's it. No approvals from Obama, no vetoes from Putin, nothing will change it. When the CBI pushes the button, it's DONE. Now here's how it's complicated: The IQD isn't currently traded on FOREX. It's not a currency you can go to Wells Fargo or Chase and exchange at the counter. It's not at the Currency Exchange booths in airports, and you can't currently use it to buy bread at your local store. But the IQD does have an impact on the bigger global picture. The world, at least the intelligent and aware portion, is well aware that the IQD is in existence and has the potential to create BIG waves in the global economy! [post 1 of 2....stay tuned]
1-28-2016 Newshound Guru OOTW "...al-Abadi said during a meeting on the sidelines of the Davos economic conference in Switzerland, which was held last week," There are a lot of corrupt who are trying to disrupt our efforts reforms, but they have not succeeded so far..." HERE ABADI IS STATING THAT THE GOI IS TRYING TO ADDRESS CORRUPTION, THEY'VE ENACTED NEW MEASURES TO DO THIS... I'M GLAD TO SEE THIS AND THIS TIES MUCH OF WHAT WE'VE BEEN SEEING IN THE PRESS...CO-RELATED STATEMENTS THAT THE CORRUPTION IN THE AUCTIONS IS NOT BEING ADDRESSED BY THE CBI, REFORMS CANNOT BE ENACTED DUE TO THE LEVEL OF CORRUPTION, WE'RE FORMING COMMITTEES TO EXPEDITE THIS WORK, IT WILL TAKE TIME DUE TO YEARS OF ENTRENCHED CORRUPTION...MANY CONNECTIONS BETWEEN THE MONEY LAUNDERING AND LACK OF REFORMS BEING IMPLEMENTED.
1-28-2016 Newshound Guru Millionday THEY HAVE BEEN GIVEN THE REIGNS -- THIS IS HANDS OFF AND JUST MONITORING -- NOT DOING ANYTHING BUT MONITORING -- THE HELP TO GET TO THIS POINT HAS BEEN GOING ON FOR YEARS AND NOW THEY HAVE FORMALLY ANNOUNCED THAT IRAQ IS READY TO IMPLEMENT AND THE IMF WILL MONITOR...THIS IS HUGE. IRAQ IS THEIR OWN COUNTRY AND CBI IS INDEPENDENT. [post 2 of 2]
1-28-2016 Newshound Guru Millionday Article quote: "IMF staff will work closely with the authorities to monitor progress in the implementation of their economic program." THE IMF STAFF WILL WORK CLOSELY WITH THE AUTHORITIES TO MONITOR PROGRESS IN IRAQ`S IMPLEMENTATION OF THE ECONOMIC PROGRAM -- THEY ARE READY TO IMPLEMENT ACCORDING TO THE IMF LAST WEEK. THE ECONOMIC REFORM INCLUDES ALL ECONOMICS -- BANKS -- MONETARY -- FUNDING -- MARKET -- ETC. [post 1 of 2....stay tuned]
1-28-2016 Newshound Guru Kaperoni There is no revalue or overnight event...but a gradual appreciation based on the economic growth, GDP of Iraq. The process to raise the value is based on economic principals, not some arbitrary number. Most importantly, the dinar is directly related to the creation of a market economy. So as the world comes to Iraq to invest (once the laws are in place), it will create an economic boom of sorts, and as a result of billions of dollars will begin flowing through the CBI's capital account to participate in investment projects, the result will create inflationary pressure in the country. When the CBI moves to Article VIII (which we expect this year to happen at or about the same time as the passing of the laws), and begins to float the dinar, the dinar will rise in value gradually to counter that inflationary pressure created from the influx of investors...it is absolutely necessary that the dinar appreciate in value as part of the process.
12-23-2015 Newshound Guru rcookie IN WHAT ALTERED UNIVERSE COULD ANY REAL POSSIBILITY OF IRAQ DEMONSTRATING TO THE WORLD...A NON SECTARIAN...INCLUSIVE GOVERNMENT...EXCISION OF CORRUPTION...AND MOVE TO A MARKET ECONOMY...WITH ECONOMIC AND MONETARY REFORM HAVE HAPPENED IF NOT FOR ABADI. ALMOST EVERY MINISTRY IN THE GOVERNMENT WAS OVERWHELMED AND RAMPANT WITH CORRUPTION... RESULTING IN THE UNMET COMPLETION OF SERVICES AND QUALITY OF LIFE FOR THE CITIZENS...WHICH IS NOW BEING DIFFUSED AND PREVENTED WITH THE UN AND IMF OVERSIGHT OF TRANSFER OF POWERS...AND ALL ECONOMIC AND MONETARY REFORM INITIATIVES...INCLUDING THE CBI...AND OVERSEEING THE 2016 BUDGET ALLOCATIONS AND DISBURSEMENTS ARE EXECUTED FLAWLESSLY...HAS NEVER HAPPENED BEFORE!
12-23-2015 Newshound Guru Millionday "Iraq and China signed today five agreements and memoranda of understanding on economic and technological cooperation The military, diplomatic, and oil and energy." NOTE -- I WILL JUST SAY THIS -- IMO --- THIS IS HUGE AND VERY IMPORTANT AND SHOULD SHOW MANY HOW CLOSE THEY ARE TO GOING INTERNATIONAL DUE TO THE MANY AGREEMENTS. WHEN SANCTIONS WERE PUT IN PLACE THEY WERE NO LONGER ABLE TO GET ANYTHING FLOWN IN -- WHEN THEY WERE LIFTED CHINA WAS THE FIRST COUNTRY TO BRING IN TECHNOLOGY --- OBVIOUSLY THEY WANT TO BE PART OF THE MASSIVE TRADE AND DEVELOPMENT THAT WILL TAKE PLACE AS WITH MOST. UNDERSTAND THAT THE MONETARY POLICY ONE STATED THAT IT HAS TO BE STRONG FOR THE FISCAL POLICY WHICH BEGINS JAN 1ST. VERY EXCITING TIME FOR IRAQ AND MANY IN AGREEMENTS/CONTRACTS/ INVESTED WITHIN.
12-23-2015 Newshound Guru Adam Montana If you've kept up with my latest updates, you know we're moving in the right direction.
12-23-2015 Intel Guru Delta ...a lot of you that don’t know about this article...it was on the CBI website in Arabic...all the newspapers and all the media are talking about it...dated the 20th...this letter from the CBI to banks, money exchange companies and private banks...is the huge thing that confirms they are waiting on the calculation to be done...everything we believe to be done except that calculation... anything less than a 1 to 1 rate would simply cause confusion with the Iraqi citizens...just as Abadi said on the 10th...we are ready to activate things for the economy...they can’t activate the banking system in Iraq unless they are internationally recognized...the ki cards and so much that we’ve seen from them all need the international recognition...the calculation that they wait for now. This is very good as an indication that something is about to happen, either late this month or by mid-January.
12-23-2015 Newshound Guru tlm724 Article quote: "MP from the parliamentary Finance Committee Hama Ahmed said on Tuesday that the issue of loans is tax deferred revenue and undesirable paid by future generations and has financial implications are reflected on the country's politics" kinda like another buy out for Iraq, in the past these loans would be given and Iraq would never do anything to help themselves ie: grow the private industry etc... to make money...but this time is different, the IMF is in charge of the economy so that these loans won't be needed down the road. Quote: "stressing that any party granted loans impose certain conditions on the biting States are due Altnivha and application to achieve loan." yep conditional loans! That's what we want to see, force Iraq to do the right thing.
12-23-2015 Intel/Newshound Guru Poppy3 STATEMENT... the zimbzwe dollar rved today...THEN THE DONG AND DINAR ARE SUPPOSED TO BE IN THE SAME BASKET. THIS JUST SENT TO ME 3 TIMES. NOT VERIFIED TO MY SATISFACTION...
12-23-2015 Intel Guru Frank26 ...who has the numbers...the BIG BOYS...1182 is a prelude to the LD’s...we have come to my conclusion that...there will not be a float...it’s not going to be 10 cents or 40 cents….it will not a float...it will not be a gradual float... it will be 1 to 1...IMO...the 1 to 1 works to help ensure that ISIS is choked...1 to 1 is the RI...this is probably a 7-14 day period and we may be half way through that period…then in about another 7-10-14 days it will hit the global international exchanges...the RI,,.once it does then we will see the RV...allowing the 1 to 1 to grow internationally...I don’t think we will see 1 to 1...I’m not saying they are hiding the 1 to 1...we just won’t see it...because it belongs to Iraq. [post 2 of 2]
12-23-2015 Intel Guru Frank26 IMO...from the 21st to the 26th...Iraq will give the LD’s to the banks...then the pendulum will swing. Iraq is waiting for the international standards to give them the new rate...Iraq awaits the international standards...the new rate...even the CBI is waiting on this international rate to come up with the right pricing right...they have the codes for the taxes and tariffs that are activated...the IMF, BIS, US...let’s just call them the BIG BOYS...The BIG BOYS work on these calculations...and once those calculations are done the international world will welcome Iraq into their club. I believe it is being calculated now to be released...the 1182 was done for compliance...and to make the USD more expensive to buy in Iraq...and it worked...it was an inflationary measure...they have no inflation...they qualify for Article 8... [post 1 of 2....stay tuned]
12-23-2015 Intel/Newshound Guru Poppy3 SAW A POST...STATING W/B [WORLD BANK] TOLD THEM TO FINISH REFORM TO RELEASE THE 1.2 BILLION LOAN...NOW THATS A REAL KIND OF PRESSURE.
2-23-2015 Newshound Guru Kaperoni Article quotes: "«the committee received the Presidential ratification of the Second Amendment to the Investment Law No. 13 of 2006»." "« under this endorsement law became effective and the duty to work it »." This is great...so the amendment to the existing Investment Law that passed a few weeks back (to make it more encouraging for investors) is now officially law.
12-22-2015 Newshound Guru Millionday Article quote: "Dr. Ahmed al-Husseini to adopt the conference aims to introduce investment opportunities in Iraq Stock Exchange, describing the move as a good omen for the opening of the stock market to the world." WE HAVE WAITED A LONG TIME TO HEAR THIS. A GOOD OPEN WAS WHAT THE MEETING WAS ABOUT -- OPENING THE STOCK MARKET TO THE WORLD...DECEMBER 20TH THROUGH 21ST. THIS MEETING IS HOW TO INVEST IN THE INTERNATIONAL ISX. ALL OF THE ISX INCLUDING FOREIGN WILL BE ADDED TO THE GDP WHICH IS USED TO CREATE THE ACTUAL VALUE FOR THE COUNTRY AND THE DINAR AND PURCHASING POWER ETC. ALL OF THE ISX IS READY AND ALSO SET UP ELECTRONICALLY -- WHOOOPOW.
12-22-2015 Intel Guru Frank26 We did not see the LD’s this week as we thought...we did not see them in the auctions...nor did we see the Taxes and Tariff’s as we thought but the T&T’s have been activated...they need a new rate then...remember...they were working on a calculation for a new rate...so we also saw that the budget was approved...all it needs is activation and this calculation they work on right now. I guess we can say all systems are GO for a lot of activations for between December 31st and January 1st...IN MY OPINION. We strongly believe...our TEAMS strongly believe we will see ...the LD's this week. It is important that you understand the...pendulum swing in the auctions is a combination that we are told...the USD to IQD is the RI...IQD to IQD is the RV. What they are doing is preparing themselves to be introduced into the international world...all our evidence for the past 3-6 months has pointed in this direction...there are no delays...it is all becoming so transparent...
12-22-2015 Newshound Guru wmawhite first half of 2016 to do what? ...RV... no...RI...no, but what? enter the economy markets! and what would a country need to have in order to participate in a global market? Maybe a currency that is recognized/accepted worldwide. [as to a time frame?] Well, their budget is depended upon the taxes and tariffs and it refers to them a lot. Abadi has stated this past weekend it is time to kick all of this stuff off. I expect to see all of this go soon.
12-22-2015 Newshound Guru Stryker One of the most important questions out there is, has there been a devaluation of the dinar or isn't there? The office of Prime Minister Abadi and Governor Ismail of the CBI both came out today describing it as a small rate adjustment and not a devaluation that was reported by the news media...
12-22-2015 Newshound/Intel Guru BGG Article quote: "The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar. According to a statement of the bank, that "lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars." [I am trying to understand how devaluing is a good thing? 1182 is going the wrong way?] It gets them closer (or within) the required 2% IMF regulations... no one saw this coming - the way for them to comply was "give away" a few dinars per transaction... HUGE NEWS... That is Market rate / CBI rate spread... no one had any idea how they would ever be able to get this valuation to work right - turns out - EASY. Give away 16 dinars per transaction. AND - stop and think... they HATE their exchange rate going the wrong direction. There has got to be a MASSIVE pot of gold at the end of the rainbow...
12-22-2015 Newshound Guru Enorrste Once the float begins the rate will rise. Furthermore, it is clear that this is not a "panic" move on the part of the CBI. In fact, Saleh stated that it is NOT a devaluation but is instead only an ADJUSTMENT. I have no reason to doubt that statement. It is consistent with the small size of the change and with the statement implied that they are buying time (6 months) to get in line with "international standards." Remember, it was the IMF that stated that Iraq would move into the "world market" at the beginning of the new year, or shortly thereafter. In my view, the phrase "world market" and "International standards" are synonomous. I hope I am correct. [post 2 of 2]
12-22-2015 Newshound Guru Enorrste Article quote: "lifting the US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars." It seems to me that the CBI is moving in this direction primarily to stall the drop in their reserves, irrespective of any "international standards" that they reference. In that sense, this is a good move for the short term. The article also stated that it would give them "6 months" of time. I don't think that that means that they will run out of reserves in 6 months. Instead, it is more likely that they are buying some time to implement the IMF agreement to move to a float. I therefore conclude that we will see a movement to a new exchange rate regime within 6 months and that this "tweeking" of the rate is an assurance that their financial position will be secure through that time period. [post 1 of 2....stay tuned]
12-22-2015 Newshound Guru Millionday Article quote: "The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar. According to a statement of the bank, that "lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars." SO THE RATE HAS BEEN ADJUSTED AND THE INTERNATIONAL RATES ARE BEING CALCULATED FROM THIS VALUE ADJUSTMENT -- THE CONVERSION IS THE GOAL AND THEY ARE CURRENTLY WORKING ON THEIR GOAL AND OURS... WHOOOPPOW.
12-22-2015 Newshound Guru Kaperoni from CBI site - "Board Resolution No. (329) for the year 2015 (the exchange rate)" So some are wondering why we saw that 1182 rate and Iraq didn't pick up on it until today...well these CBI docs show us..that the board approved the rate change on 11/30..effective 12/1 (which it changed on the CBI site). but the actual announcement didn't come out until 12/18 (media). They also tell us the CBI bank rate now at 1190 which means the 2% spread is 1214. So the dinar Market Rate has to be 1214 or less than that. And today it is 1220 which is out of compliance. It is frustrating, but the rule is more for the CBI than the IMF. They want the CBI to know how to manage the spread before the playing field becomes international.
12-21-2015 Intel/Newshound Guru Mnt Goat Do they need a very significant increase in order to do this? NO! All they need in-country is a value to the new dinar to be just over a dollar to create this incentive. Is this the RV we have been waiting for? NO! – this move to a 1:1 par with the US dollar is just an inflationary measure they will undertake. The full RV ($4.00+) we are waiting for will come later in about 7-14 days and will depend on how stable the economy is and how this whole process works out. It may take longer or it may be shorter. I personally believe we may see the 1:1 value pop out as the lower denominations are circulated sometime before now and the end of the year. But I do not expect to be at the bank before sometime until mid to late January 2016. [post 2 of 2]
12-21-2015 Intel/Newshound Guru Mnt Goat We still await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar. This is NOT the RV but an inflation adjustment and only an incentive to “dedollarize” the economy and reverse the trend in demand from the US dollar to the Iraqi dinar thus increase the demand for the new lower denominations. This would thus allow Iraq to withdraw or “de-dollarize” their economy as they would suck up US dollars are replace them with the lower denominations. This would happen because the citizens would migrate towards the new dinar since it would be worth more than the dollar. [post 1 of 2....stay tuned]
12-21-2015 Intel Guru SteveI The news keeps getting better and better each day. Very soon you will get the best news yet!
12-21-2015 Newshound Guru firefly CBI Announcement: "The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015." "To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate) 12/20/2015 Board Resolution No. (329) for the year 2015 (the exchange rate)12/18/2015." [It is coming!] oh yeah...make no mistake about it! ...funny, those announcements weren't there yesterday when I checked. Not surprised, many items going on behind the scenes that only appear after the fact. [does that mean they are approving or have approved the exchange rate?] According to the CBI, certainly makes one think so.
12-21-2015 Newshound Guru Tlar Iraq has made a great deal of progress in the last few months. Are they prepared to go to 1 to 1 as early as next month? On paper it is beginning to look like we are close, but this is still Iraq... There have been a number of articles as well as the Economy Ministry calling for the CBI to raise the value now. We know as of day before yesterday Abadi said in a speech that the time has come to start the new economy. Iraq has been preparing for this change to a market economy attempting to attract investors for over a year. It looks to me as they are getting ready to make great changes. My best guess because it is Iraq, is April first. But who knows. It could happen earlier as many economists and folks in government are pushing for it now. [post 3 of 3]
12-21-2015 Newshound Guru Tlar ...parliament passed the 2016 budget. That is a real first for Iraq. Also an article appeared...that stated the ISX (Iraqi Stock Exchange) will be introduced to the London Stock Exchange on the 20th and 21st of January. The article implied that they are reworking values so that when the ISX exchange is introduced, real values based on world values will be be shown. Two days ago the CBI instructed all banks to stop selling the dollar and the CBI is targeting the end of this month to shut down the auctions. The government stated in November that they would institute tariffs and taxes in mid December. It has long been suspected that tariffs must be accompanied by a raise in the currency value... An article came out in the last couple of days that implied that the lower denominations are now in place the banks. Iraq is compliant with international banking standards. Most of their banks are ready to do internet banking and the technology installed is current. Recently the IMF signed an accord with Iraq and is now going to be closely monitoring the Iraqi economy and banking system. [post 2 of 3....stay tuned]
12-21-2015 Newshound Guru Tlar Abadi (the new prime minister) has been fighting an uphill battle internally. Maliki had stuffed the government with his corrupt relatives and cronies. In addition to that battle Abadi has been trying to remove the tentacles that Iran was allowed to put in place under the leadership of the Maliki government. Obviously this is not finished but many good things have started to come about...Maliki almost destroyed Iraq and with it our investment. So where are we today? Abadi has done a masterful job of consolidating the people and parliament around him. Recently Abadi implemented draconian reforms which in the long run are intended to fix Iraq. The integrity Committee is proceeding collecting more repatriated funds than ever before from corrupt officials. Finally we are seeing real change coming to Iraq. Most important are the laws that Parliament has recently passed. The anti money laundering law was absolutely necessary to our investment. We now know Iraq was never going to be allowed to go international with the amount of corruption and theft that was going on. [post 1 of 3....stay tuned]
12-21-2015 Newshound Guru firefly Like I told you guys in November, forget November, DEC is going to be VERY exciting! Iraq is NOT in charge as was pointed out by the IMF this week. Told you guys to expect the unexpected. And IMO there will be NO FREE FLOAT. Timing friends...Timing
12-21-2015 Newshound Guru Kaperoni Article quote: "Prime Minister Haider al-Abadi, Saturday, that the time has come to activate the economic, agricultural and tourism sectors, stressing that the government is determined to activate the role of private banks." It is clear that until they open the banking system (that includes monetary reform), there is no market economy. There is a clear urgency here and all we can do is watch them.
12-20-2015 Newshound Guru Millionday THEY HAVE ALOT OF THINGS DONE AND HAVE MADE IT VERY CLEAR THAT NOT JUST PLANS BUT THE ACTIONS THEY ARE TAKING ARE TO MOVE THEM TO A MARKET ECONOMY -- WE HAVE NOT SEEN THAT BEFORE...
12-20-2015 Newshound Guru EXOGEN THE NEXT MOST IMPORTANT ITEM TO LOOK FOR IS THE COUNTRY WIDE RELEASE OF THE LOWER DENOMINATIONS FROM THE BANKS TO THE CITIZENS OF THE COUNTRY OF IRAQ AND ELIMINATION OF THE USD AS A DUAL CURRENCY IN COUNTRY. LOWER DENOMS = 100% GUARANTEED RATE ADJUSTMENT (RI/RV).
12-20-2015 Newshound Guru firefly All I can say is ...BE READY...because IT IS COMING! [They were saying it was suppose to happen by Jan 1st 2016 is that still the WORD out there?] Give or take.
12-20-2015 Newshound Guru Millionday MANY MEETINGS HAVE BEEN OCCURRING LATELY DUE TO THE IMPLEMENTATION OF THE MONETARY POLICY ...OBVIOUSLY CBI HAS BETTER CONTROL OF THE MONEY HOWEVER THEY HAVE ALSO SHOWN CHANGES IN THE BANKS POWER DUE TO THE RELEASED ROLES. OBVIOUSLY ANY OPENING GLOBALLY WITH A MARKET ECONOMY AND THE ROLE WE SEE HERE OF ISX IS AT THE VERY LEAST WHOOOPOW EXCITING.
12-19-2015 Newshound Guru Breitling … that's it. that's the best I've got…I look at the numbers under a microscope a little bit more than everybody else. There is no magic date, you just watch the process and it's a big heavy process and it's not small…Have you seen anything that says they've added to the note count? no, nothing, there is not one shred of evidence that they are adding to the note count. From the original statement of the General who actually put out the new currency you and I have, the new Iraqi dinar, made a statement, "at one time the Iraqi Dinar was $3.25." So that ends that debate...you have the guy who put the currency out for the new government of Iraq (at the time was the coalition government) saying their goal is to get to $3.25 (but at that time they were at a billion notes). Nothing has changed. [Post 2 of 2]
12-20-2015 Newshound Guru wmawhite ...look closely at this latest activity, commercial laws, private sector, etc...IMO, this all points directly to what the IMF told the world 4 weeks ago: "......he stressed that Iraq will return to economic market during the first half of next year." ...there is no need to ask when because the IMF has told us when the expect a change in the IQD. Iraq IMO, will not wait until they enter the economy markets to do the things that need to be done either...in fact, Iraq/CBI/IMF are currently making those changes. Iraq IMO, Iraq will not wait... Could be 30 June 2016...or 1 January, or 1 February...the point is...the IMF has given the world what their expectations are...and IMO, we are seeing activity directly related to those expectations. ...we have never had the IMF do what they are currently doing for Iraq. [I don't think that Iraq wants us all to know exactly when this is going to happen!] Seriously...Iraq wants the world to know what is coming....they want the world to look forward to great changes with their country...how else will they get investors to come into Iraq.
12-19-2015 Newshound Guru Millionday [They certainly cant activate the Tariffs without a rate can they? Could they use the 1182?] THEY WILL BE USING THE TARIFF FOR THE INTERNATIONAL MARKET -- IT IS THE TAXATION THEY BENEFIT FROM WHEN ESTABLISHING THE IMPORT/EXPORT MARKET. THE CALCULATED RATES AND VALUE IS NEEDED TO GO TO THE GLOBAL MARKET PER ECONOMICS AND FAIR TRADE IMO. [post 2 of 2]
12-19-2015 Newshound Guru Millionday "Stressed the economic and investment commission member of the parliamentary Almamori proof, on the necessity of activating the law of customs tariff..." IT IS TIME TO ACTIVATE THE TARIFF AND CUSTOMS FOR IMPORTS WITH THE MARKET ECONOMY -- THIS IS FOR PRODUCTS AS THEY MENTIONED -- RELIANCE ENTIRELY ON OIL WILL NOT CONTINUE. THEY ARE ALSO READY TO ACTIVATE CONSUMER PROTECTION AND ACHIEVE THEIR PLANNED RATE OF INVESTMENT. THIS IS GREAT SO THE TARIFF IS BEING ACTIVATED AS WE EXPECTED...THEY CALLED FOR IT TO BE ACTIVATED TODAY... [post 1 of 2....stay tuned]
12-19-2015 Newshound Guru Breitling I get this email a lot and please don't take this personally, "I'm going through hard times…do you have a date and rate? Make me feel good." I don't. I do have a rate based on the numbers that we are looking at and that's it. The best date that we have was before 2010. In that year they were supposed to get out of Chapter 7 and what were they supposed to do? what we've been watching…they were to start reducing the note count and it was going to be a 1 to 2 year process. Just like the 1 or 2 year process we are going through now except it was supposed to start in 2010. [Stay tuned for the rest of the story... Post 1 of 2]
12-19-2015 Newshound Guru sczin11 Article quote: "The World Bank said it had agreed to give Iraq a loan of one billion and two hundred million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions." THE ABOVE RELEASE IS FROM REUTERS, AND HAS APPEARED SEVERAL TIMES THROUGH THEIR INTERNATIONAL AFFILIATES. ...MONTHS AGO, LAST AUGUST, WHEN ALL THE NEWS WAS THE 60 DAY CONDITION ON THIS LOAN, THAT BEING THE APPROVAL/IMPLEMENTATION OF THE ANTI MONEY LAUNDERING LAW, THE AML...THINK ABOUT IT...THE PROCESS OF GOING AFTER THE CORRUPT...MAYBE THE ELIMINATION OF THE AUCTIONS...OBVIOUSLY THE WORLD BANK IS CONVINCED IRAQ IS ON COURSE TO ABIDE.
12-19-2015 Intel/Newshound Guru Poppy3 [IF IT HAPPENS SOMETIME IN THE FIRST QUARTER, HOW IS THE IXS CONFERENCE GOING TO WORK WITH A WORTHLESS CURRENCY.] JUST LIKE THE REPORTED BILLIONS IN LOANS THEY ARE BEING APPROVED FOR NOW BUT ARE BASED STRICTLY ON PROJECTED RATES AN VOLUMES OF INVESTMENTS ALL PROJECTED INCOME AND NO FUNDS DISBURSED TILL NEW RATE IS IMPLEMENTED.
no $$$$$$$$$$$$$ will be released till they meet all the reform REQUIREMENTS. I ASSURE YOU THEY HAVENT APPROVED THEM FOR A LOAN WITHOUT THE ASSURANCE OF A NEW RATE AND WAY FOR IT TO BE PAID BACK.
12-19-2015 Newshound Guru rcookie [Why would the WB give them a loan w/o a rate to pay them back?] BECAUSE AS IMF HAS ANNOUNCED...THEY WILL BE OPEN FOR BUSINESS...AND THE IMF IS HOVERING ON THEIR SHOULDERS TO MAKE SURE EVERY I IS DOTTED AND T CROSSED... EVERYTHING EXECUTED COPACETICALLY. THE WB & IMF LOANS ARE IN THE BUDGET ALONG WITH TREASURY BONDS ALL TOTALING $12 BILLION TO PLUG THE $22 BILLION DEFICIT.
12-19-2015 Newshound Guru Kaperoni Article: "International Monetary Fund signed an agreement with Iraq to monitor the economy" I think it is rather humorous that for years we have told everyone what the IMF plan is for Iraq. We do so with solid factual information printed right off the IMF website. And so many thought we...didn’t know what we were talking about... It is though rather inspiring now that the IMF not only is running the CBI monetary policy, they are also orchestrating the economic policy and transition to a market economy. Which will obviously be in line with the Article IV Consultations.
12-18-2015 Newshound Guru firefly I'm not looking at the ISX, that will come after the fact IMO My focus is the auctions and the tariffs and taxes being activated. Nothing else matters...Nothing.
12-18-2015 Newshound Guru rcookie HUGE...UNDER RADAR 16 BUDGET ARTICLES INCLUDED INCLUSION OF PESHMERGA IN FEDERAL SYSTEM AND GIVEN PERCENTAGE OF GROUND FORCES COMMAND BUDGET...ALONG WITH NEWS OF VOTE TO ADOPT FORMER OIL AGREEMENT BETWEEN ERBIL & BAGHDAD...THE UNDER THE RADAR AGREEMENTS CONTAINED IN THE BUDGET ARE AWESOME!
12-18-2015 Intel/Newshound Guru Poppy3 I CAN'T BE SURE, BUT IT APPEARS AS IF THE CBI HAS PUBLISHED A LIST OF CURRENCY VENDORS/BANKS, TO WHICH THEY ARE ISSUING ORDERS TO STOP PROCESSING/SELLING/DEALING IN THE DOLLAR. ...THEY ARE DEFINITELY MOVING TO GET TO USING EXCLUSIVELY THEIR DINAR FOR ALL TRANSACTIONS. WATCH FOR RATE AND LDS TO SHOW ANY DAY NOW. TIME WILL TELL BUT I FEEL VERY CONFIDENT WE ARE GOING TO HAVE A VERY HAPPY NEW YEAR. 2016 MAY JUST ROCK YOUR WORLD.
12-18-2015 Intel/Newshound Guru Mnt Goat Iraq is meeting their commitments to pass needed legislature and the beginning of the new year seems to be moving upon us as time seems to be moving faster and faster. We have great expectations for the first part of the first quarter of 2016 as a new RV window and it is just around the corner. Hang in just a little longer all you dinar investors. This IQD currency reform is about to come to a conclusion, at least the part that we want….lol…
12-18-2015 Newshound Guru Breitling If you're going to watch the Iraqi Dinar and you want to do it correctly then you want to do it by the numbers and by policy and that's the only way you should do it. There's these articles coming out about the 50k and 100k notes and every time the articles come out people think according to the CBI it's a different scenario or it's a different definition than we read three months ago…it's the same thing! Nothing has changed. The Ministry of Finance, the Ministry of Planning and the CBI they don't change the definition from one article to the next. It is solid. It is written into law. What needs to be done. How they are going to do it. What currencies are going to be released or reduced. And the CBI manages that process. Every article that comes out about the 50K notes and the 100K notes doesn't change anything or the definitions…
12-18-2015 Newshound Guru rcookie IRAQ HAS ENTERED INTO AGREEMENT WITH IMF FOR COMPLETE AUDITING MONITORING OVERSIGHT OF THE CBI...ECONOMIC AND MONETARY REFORM AND POLICIES... INCLUDING OVERSEEING THE 2016 BUDGET EXPENDITURE ALLOCATIONS AND DISBURSEMENT...THAT IMF MONITORING PANEL IS RUN BY MASOOD AHMED...DIRECTOR OF IMF MIDDLE EAST OFFICE OVERSEEING THE MANAGEMENT OF IRAQS ECONOMY...DEDUCTIBLE EXPENSES... ACTIONS... AND POLICIES AFFECTING IRAQS ECONOMIC AND MONETARY REFORMS. IMF IS IN CONTROL...DRIVING THE BUS...IMPACTING POLICY AND ACTIONS.
12-18-2015 Newshound Guru Millionday "the international encase Monetary announced he put the finishing touches on a deal to monitor, evaluate and manage the Iraqi economy." THIS IS THE ANNOUNCEMENT OF THE FINAL TOUCHES OF THE IMF MONITORING PROGRAM FOR IRAQ`S ECONOMY. THE IMF WILL BE MONITORING THE USE OF THE APPROVED BUDGET AND ITS APPLICATION AND SUCCESS. THEY WILL MEET WITHIN THE NEXT COUPLE DAYS AND SIGN THE DOCUMENT FOR ITS APPLICATION. THE US WAS ALSO MEETING WITH THEM...TO NEGOTIATE THE FUNDING OF THE WAR ON ISIS. SO WE WOULD EXPECT THAT IRAQ IS RETURNING TO ECONOMIC GREATNESS IN THE MARKET AS EXPECTED. THIS IS ALL HUGE NEWS.
12-18-2015 Intel/Newshound Guru Poppy3 AWESOME NEWS IS STILL RINGING IN MY EARS. SEEMS IT WAS ALL CERTIFIED AS FACTUAL. NOW AS IT IS PUBLISHED FOR THREE DAYS BEGINNING SATURDAY WE WATCH THEIR ACTIONS TO KNOW OUR FATE FROM HERE FORWARD. I EXPECT TO SEE FAST ACTIONS MOVING FORWARD AND TO STILL WAIT TILL JAN 1 DATE FOR ALL TO BE IMPLEMENTED. THE GREAT NEWS IS FROM ALL MY NOTES EVERYTHING WE HAVE EVER BEEN TOLD WAS A POSSIBLE HOLD UP HAS BEEN COMPLETED AS LONG AS THEY TAKE THE ACTIONS TO IMPLEMENT.
12-17-2015 Newshound Guru wmawhite ...remember back in March when the CBI stated that the deletion of the zeros would be preceded by administration and procedural processes. Well...in conjunction with the MoU between the CBI and the IMF, you are seeing just that. And what did the IMF state that their expectations are of Iraq? Answer: that iraq will enter the economy market during the first half of 2016. IMO, that is where Iraq is headed. [...the way they are going I would say the very first part o 2016.] Very possible.
12-17-2015 Intel Guru Frank26 Everything is on course...Dr.S has told us...they’re going to start a float...to start a float that means you have to get the program rate, walk out of the IMF, and be internationally recognized so you can start the float... ...we told you ...the budget is going to be...approved... and then right after the 31st when that clock rings, it’s going to be activated! So there it is! ...they passed that budget today [Wednesday] and it has the HCL inside it. You need a rate for that and that’s why it’s never been there before…never! What else will you see between the 31st – 1st probably around the 31 st or 1st – that trifacta: 1 – This budget. 2 – The rate – it might be a 1:1 if it goes into an RV. 3 – Tax and Tariffs – extremely important for that budget. You can’t avoid them with the budget – it’s to fuel the budget. IMO the 2016 budget is ignition for all they have prepared themselves for their economies.
12-17-2015 Newshound Guru firefly [ANYTHING...UNEXPECTED IN THE BUDGET?] Everything needed for success is in the budget! EVERYTHING.
12-17-2015 Intel/Newshound Guru Poppy3 WOW. THE AWESOME NEWS JUST KEEPS FLOWING. PRINTING IN GAZETTE SATURDAY. RATE CAN SHOW ANYTIME...IRAN SANCTIONS ALSO BEING LIFTED. TO MY KNOWLEDGE NOTHING ELSE LEFT...THE LIFTING OF THOSE SANCTIONS WAS A HANGING SPOT NOW HAVE INFORMATION THAT WAS CLEARED... NOW I CAN FIND ZIP STILL PENDING. SHABIBI STATED YEARS AGO AND HENRY KISSINGER SAID WHEN THEY FINISH THE LIST OF REQUIREMENTS THE RATE WILL SHOW. MYSELF AND OTHERS HAVE REVIEWED AND CAN FIND NOTHING TO PREVENT A NEW RATE FROM BEING ASSIGNED TO THE DINAR...WOW.
12-17-2015 Newshound Guru rcookie ...THE FORMER OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL...IN BUDGET AND APPROVED! THERE IS A NEW SHERIFF OVERSEEING 2016 BUDGET ALLOCATIONS AND DISBURSEMENTS...AND HIS NAME IS IMF...BUDGET RECAP HAS THE IMF FINGERPRINTS...INFLUENCE AND LEVERAGE ALL OVER IT...COMPLETELY TRANSPARENT! ...THERE WERE LITERALLY 50+ REPORTS OF ITS PASSING WITH DETAILED PARTICULARS OF ALL THE FINAL ADJUSTMENTS MADE...AND THE FINAL VERSION IN WRITING...AMNESTY LAW WAS REPORTED YESTERDAY TO BE PUT TO VOTE BY END OF MONTH!
12-17-2015 Newshound Guru Millionday [so we wont see any type of rv until that time?] NO THIS MEANS THAT BY THAT CONFERENCE THE ARAB REGION AND AFRICA WILL BE IN A POSITION TO ATTEND THE CONFERENCE TO PROMOTE THE ISX ETC TO BE INVESTED IN -- IT WILL BE WITH THE REALITY OF THE VALUES OF SHARES. THE VALUES WILL ALREADY BE APPLIED IF THIS GOES IN THE TIMELINE THEY HAVE PLANNED HERE. THE VALUE OF THE SHARES AND THE CURRENCY AS THEY ARE CALCULATED BY OUR GLOBAL ECONOMIC SYSTEM -- THIS IS HOW THE ACTUAL VALUE OF ALL CURRENCIES ARE DEFINED --- THAT MEANS IT WILL HAVE WITHIN THE ISX THE ACTUAL CALCULATED VALUES ACCORDING TO FORMAL GLOBAL ECONOMIC CALCULATIONS -- THIS MY FRIENDS IS HUGE NEWS. [post 3 of 3]
12-17-2015 Newshound Guru Millionday THE AMOUNT ATTENDING IS HUGE AND THE MEDIA WILL BE THERE AS WELL SO THIS WILL BE A TIMELINE THAT WE CAN EXPECT THE "CAT OUT OF THE BAG" CONCERNING ALL INFORMATION TO INVEST IN THE ISX SO IT WOULD BE INTERNATIONALLY RECOGNIZED IMO AND ALSO BE INVESTABLE -- [post 2 of 3...stay tuned]
12-17-2015 Newshound Guru Millionday Article quote: "Iraq Stock Exchange is seeking to open up to the world through the definition of the activities of the private sector traded companies with a view to increasing investment in the banking and industrial sectors and services" A HUGE ISX CONFERENCE WILL BE HELD IN LONDON...JAN 20TH TO 21ST. THIS IS FOR INVESTMENT SO OBVIOUSLY THIS IS HUGE HUGE NEWS...THEY WILL BE PREPARED BY THE 20TH AND 21ST OF JANUARY TO PROMOTE THE INTERNATIONAL INVESTMENT IN THE ISX AND ALL THE COMPANIES LISTED INCLUSIVE OF THE DINAR AS WELL. [post 1 of 3....stay tuned]
12-17-2015 Intel Guru SteveI [The hcl from what I understood...was supposed to follow the budget maybe tomorrow...?] Yes it is within the same time frame. All very good. Another very positive note that my contacts told me, is that Iraq is deferring or delaying or postponed (whatever word you choose) the introduction of the 50K note until January 2016. This is great news because I think they will revalue the currency and scrap the 50K note. We are following this very closely. This is really positive to me because if you are going to revalue, then why introduce it and just confuse everyone and draw it back in. This is starting to get very exciting my friends.
12-17-2015 Newshound Guru Aggiedad77 The LAWS are done. The BUDGET is passed. We know what to look for at the CBI...We know the auctions need to stop. Long weekend coming up at the end of the month. Dr. Shabibi should be happy....HAPPY NEW YEAR Iraqi Citizens. Taxes and Tariffs....oh yes....where...at the borders...when....soon. How does Dr. Shabibi plan to celebrate the New Year? We could help him ring in a new rate. Just storming the brain some here
12-17-2015 Newshound Guru Millionday [CAN YOU TELL US IF THE BUDGET IS PASSED OR NOT?] THE BUDGET WAS PASSED...FINALLY. VERY GOOD NEWS AS IT HAS OPENED MANY DOORS AND MANY PLANS DUE TO AGREEMENT ON WHERE THE FUNDING GOES ETC -- HUGE NEWS FOR IRAQ AND INVESTORS. THE HCL WILL BE VOTED THROUGH AT LEAST IS PLANNED TO BE THIS WEEK FOLLOWING THE BUDGET DUE TO THE AMOUNT OF THE BUDGET THAT ADDRESSES SO MUCH INCLUDED IN THE BUDGET --- SO SHOULD BE RIGHT AWAY WITHIN DAYS IF NOTHING HALTS PLANS.
12-17-2015 Intel/Newshound Guru Poppy3 NEWS CONFIRMED --- IRAQ BUDGET PASSED...IT INCLUDES HCL...ALL CONFIRMED TO BE PUBLISHED SATURDAY. THE KURDS GOT THEIR 17%...EVERYONE HAPPY, THEN IRAN SANCTIONS TO BE LIFTED WITHIN DAYS PER USA CONGRESS...FROM ALL THE NEWS THERE TO MY KNOWLEDGE THERE IS NOTHING NOW PENDING TO PREVENT THE NEW RATE FROM APPEARING AT ANYTIME. HOWEVER I DO EXPECT FOR BANKING REASON THEY MAY WAIT TILL THE JAN 1 DATE...IF ANYTHING CHANGES I WILL GET BACK TO YOU IMMEDIATELY. I AM SUPER PUMPED.
12-18-2015 *** Dinar Guru News Update *** It appears the 2016 Budget has PASSED! There are some conflicting guru reports about it...some feel it has passed while others feel it was delayed...but the majority at this point feel it is passed and ready to be officially published. Most all gurus agree the budget is important and has a HUGE impact on Iraq's economy (and directly or indirectly on the rate of the dinar)...this is why we are keeping a close eye on it. A passed budget with the Kurds share agreed upon by all stakeholders would be monumental. Stay tuned as more gurus chime in and this story becomes more clear. If you are not on the Dinar Guru alert list now is a good time...it's free as always~Click here now to join. The latest guru post will continue below...
12-16-2015 Newshound Guru Adam Montana [There has been talk out in the real world that Iraq should revalue its currency when the time comes and keep it in line with neighboring countries that have Dinar. Do you agree with this premise?] No, Iraq will put it's value at whatever the CBI decides - not what the neighboring countries are doing.
12-16-2015 Newshound Guru firefly [so where do we think we are on the rv before 25 dec 2015?] IMO, we are VERY close. The date doesn't matter, what matters is that it has begun! We can crunch numbers all we want, speculate all we want. Bottom line is, this plan was not designed to fail!
12-16-2015 Intel/Newshound Guru Poppy3 ...TARIFFS WILL NOT PRODUCE A DIME OF PROFITS AT THIS RATE...THEY HAVE TRIED TO IMPLEMENT IT SEVERAL TIMES AND FOUND IT COST MORE THAN IT BRINGS IN. THEY WILL RV BEFORE A TARIFF LAW WILL PRODUCE ANY PROFITS.
12-16-2015 Intel Guru Frank26 You think that oil is very low right now...IMO...the barrel of oil has not hit bottom yet...oil will go lower...therefore the big push to get into the RV NOW not in 2016... ISIS used oil to make profit...to get money and to be a terror...we made whatever needed to be done with Iraq monetary reform to push it and hurry it along...oil has not hit bottom yet...it has served to choke ISIS to death because of the price of oil dropping so dramatically. Right after the first of the year...IMO...right after the RV...oil prices will go back up but it must inflict more pain to ISIS now before it goes up.
12-16-2015 Newshound Guru Adam Montana [There is a lot of talk about the HCL coming out in the Budget. Do you agree with that or do you think it will be a separate piece of Legislation unto itself? ] I think it will be mentioned in the Budget, but officially done as a separate piece of legislation.
12-16-2015 Newshound Guru tlm724 Article: "The International Monetary Fund announces the final touches on the Iraqi economy monitoring program" "the International Monetary Fund announced that he put the finishing touches on a deal to monitor, evaluate and manage the Iraqi economy" thats it, thats the key to what we have been saying about the IMF having the con in Iraq...manage the Iraqi economy...MANAGE! and yesterday we saw the IMF was not pleased one lil bit about Iraq devaluing the dinar! this is awesome news/confirmation that the IMF has this thingy. so we have the IMF in charge of the economy and a budget passed, pretty dayum good morning if ya ask me.
12-16-2015 Newshound Guru Adam Montana The BUDGET, and also HCL - there is reason to believe that we have some HUGE progress on this as of TODAY, but it's too early to give an official statement. It appears that the BUDGET was passed today in Parliament, but please everyone... give it a day to simmer and see if anything else comes out. Don't take that as a negative! We have a good chance to see BOTH done before the end of 2015, which could be absolutely amazing! If you've been involved with the dinar for long at all, you might remember that previous budgets weren't approved until well into the year they were actually focused on. To get a Budget done this fast is GREAT for us! I like it.
12-16-2015 Newshound Guru Kaperoni Article: "the House of Representatives decided to postpone the vote on the ninth paragraph own balancing the province at the end of today's session." I do not think the budget is done until they agree and vote on the Kurdistan share. I don't see this as good news. There is little to no chance during 2016 this will come back into parliament to get resolved. And as we know the Kurds would not accept less than 17%. What this did was in essence give permission to the KRG to pump and sell their own oil since they know there is no chance of getting any funds from the central government. It will only alienate the relationship.
12-16-2015 Newshound Guru rcookie Article: "President of the Parliament congratulates Iraqis approve 2016 budget Wednesday 16 December 2015 16:42" 2016 budget approved by parliament majority. 2016 BUDGET COMPLETED IN RECORD TIME! 11TH HOUR ATTEMPTS TO PARE KURDS SHARE FAILED... Parliament voted to give Kurdistan 17% of the budget in 2016.
12-16-2015 Intel Guru Delta ...it is about time for Iraq to move forward...whatever the plan was before they do want to move this faster...in my heart I believe this is the month we should see things happen...this year is totally different...so many things are going on...what all started this was the contract that Iraq had to sign with the IMF...that was the trigger...there is no nation on earth that gets the support that Iraq gets from the IMF, the World Bank and others...why...they do not want them to fail...the authors of the plan do not want them to fail... Abadi came out and said this is the time to activate the monetary reform. IMO the rate has to change...if I’m the CBI...if I’m going to put those LD’s in the banks...I have to have a rate for the LD’s to be sold to the banks...they have to have a good value for later to make money...bottom line...the CBI has to offer a rate that is good for the CBI and the banks as well as the citizens and for us. We are very close, expect the unexpected...on the verge of something big happening... IMO we will see the rate before the end of the year.
12-15-2015 Intel Guru Frank26 What they are doing right now with their banks, auctions, and LD’s is all that matters...they will stop the auctions on the 31st...the 31st is a Thursday...Friday off...Saturday off...the beginning of the year...this is not a coincidence...they will need to start selling their own currency through the auctions to make money...they do auctions because they are not international...so they sell USD to make money. But now they will be international with an international currency and rate...out of Article 8 which will do something phenomenal with their reserves. If these LD’s are purchased by the banks do we then have to have the rate...no...it means they are now in position to introduce the rate.
12-16-2015 Newshound Guru Kaperoni The agenda of the meeting No. (45) Wednesday 16 December 2015: "Second: The vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2016. (Finance Committee,Legal Committee,The economic and investment commission), (Article 38)." Be interesting to see if they can pull this off or if they will have to wait to another day for lack of quorum.
12-15-2015 Newshound Guru Breitling …people say, "according to the IMF rules the dinar can only change 2%" Iraq is completely outside of it's true value…it went from $3.25 then in the middle of the Gulf War to about $1.25 per dinar…then what did we do? We flooded the country with it's own currency…that's manipulated. We did that on purpose. So how does the IMF rule apply to that? How about they get back to the market value with the equivalent amount of dinar they had out there. They reduced it [The number of notes in the market] right? They reduced it but they still have the same value as when we all got started in this. So that raises a question and gives you an idea about how manipulated the currency is. So you don't need to go through the IMF rules…they don't have to do anything. China doesn't. the United States doesn't. Iraq doesn't. No body does. no one wants to follow the rules anymore…it's full on competition. The big war right now is the currency war. [post 2 of 2]
12-15-2015 Newshound Guru Millionday Quote: "To / all licensed banks and money transfer companies and exchange companies (stop processing the dollar)" THIS IS A FORMAL ORDER FROM CBI AND MEANS NOW. THIS IS STATING THAT THE BANKS AND MONEY COMPANIES ETC MAY NOT DEAL WITH DOLLARS ANY LONGER --- THEY WILL BE SENT TO CBI I WOULD ASSUME FOR OIL PAYMENTS AS THE NATIONAL CURRENCY IS THE DINAR... THEY MUST ONLY USE DINARS AS WE USE DOLLARS...
12-15-2015 Intel Guru Frank26 ...it is possible...IMO...that we may see a rate change right after Christmas...especially if they use the LD’s...if the banks decide to buy them this week look out...then they put them in their vaults...they won’t stay in the vaults very long...if they stay in the vaults more than 24-48 hours they will lose a lot of money...the auctions will have a major pendulum swing either to the right or the left...this is our gift to you...the banks have to buy the LD’s...its going to be so loud and obvious...if they swing to the left they are low numbers...just trying to confuse...if they swing to the right...they don’t care they are about to change their rates. [post 2 of 2]
12-15-2015 Intel Guru Frank26 there is no sense talking further about the IQD unless they release the LD’s...I believe they are about to...the LD’s are under lock and key at the US Embassy. there was too much thievery going on at the CBI. Now it is important for you to understand...IMO...the LD’s are coming out next week...my TEAMS study that the LD’s will go through the auctions...they can no longer simply be distributed to the banks...there must be a documented paper trail... It’s rather quiet on the monetary reform front until today...three of the most powerful articles about their Monetary Reform... [post 1 of 2....stay tuned]
12-15-2015 Newshound Guru Kaperoni Article quote: "..high-level parliamentary source, Tuesday, vote for a coalition of state law during an emergency meeting held this evening, not to pass the 2016 budget unless you reduce the region's budget to 13%." Well if true there is no chance of voting tomorrow on the budget. The Kurds won't go for less either.
12-15-2015 Newshound Guru Breitling This is driving people nuts and I don't know why…there was a change in the value of the dinar and people are trying to speculate what that means and what's going on. I've used this analogy before…what makes special forces elite and better than anybody else? It's their training. So whenever they have a task to accomplish they are not guessing. They have a plan a, b, c, d and e with multiple scenarios and multiple exit plans. The reason I tell you this is that is exactly what Iraq is doing with it's currency. That is the only reason the value changed this last week. It's because they are testing the market. But they are testing it at a very small level. Why are they doing that? Because they don't want to guess. There should be a direct response on any type of movement of a currency…It's a test and nothing more. They want to see how the market reacts. That's policy. The other question that's kind of interesting is…[Post 1 of 2]
12-15-2015 Newshound Guru Millionday Article quote: "the meeting presidencies Saturday evening in the presence of leaders of political blocs stressed the need to pass the oil agreement..." THEY HAVE AGREED ON THE HCL. DURING THIS WEEK THE HCL WILL BE VOTED IN FOLLOWING THE BUDGET VOTE...ACTUALLY EXPECTED ON THE 16TH. IT MAY NOT BE SAME DAY BUT THEY STATED IT WILL BE THIS WEEK.
12-15-2015 Newshound Guru Kaperoni The IMF will get the CBI to join the worlds money game sometime in 2016 and after that, supply and demand takes over... It's hard to stay optimistic...But this will not fail. Hundreds of countries have signed agreements over the years to invest, and even more companies are committed to set up businesses. If you need an example just look to how busy the Kurdistan region was from 2005-2012 before the downturn and ISIS war. We must be patient and wait for it to happen. Let it come to us. [post 3 of 3]
12-15-2015 Newshound Guru Kaperoni So what we are seeing now is efforts to pass laws, banking compliance, etc. to create the environment for international investment. As a result, Investors and investment will come into Iraq, deposit funds through the Capital Account of the CBI and participate in Iraq's rebuilding, infrastructure and market economy. This will in fact create inflationary pressure, the result of that will NOT devalue the dinar, but will allow the CBI to raise the value of the dinar. And as stated directly in the IMF Article IV Consultation, it's called the Balassa-Samuelson effect. [post 2 of 3....stay tuned]
12-15-2015 Newshound Guru Kaperoni I believe some in Iraq think that the issuance of the larger notes will raise prices in Iraq and bring back inflation. And as a result allow the CBI to remove the 250, 500 (like they did the 50). What would be left would only be 1000, 5000, 10000, 25000 and 50000. As a result they could delete 3 zeros via LOP at 1 to $1. This theory is not what is going to happen. What is going to happen is exactly what the IMF stated. Which is appreciation of the dinar based on investment. [post 1 of 3....stay tuned]
12-14-2015 Intel/Newshound Guru Poppy3 I FULLY EXPECT TO SEE A NEW RATE TO SHOW THEN THE AUCTIONS TO STOP THE NEXT DAY. WE WILL SEE BUT A 24 HOUR PERIOD MAY BE LONG ENOUGH. IF I REMEMBER CORRECTLY DR SHABIBI BEFORE STATED HE WOULD NEED 3 DAYS TO CHANGE? IN THIS CASE DONT KNOW IF THAT STILL APPLIES? [Do you really think this could be the end of the line for our investment. Meaning an RV this week.] I SAID A MONTH AGO BY JAN 1...I STILL THINK THAT IS RIGHT. NOTHING NEGATIVE SINCE I STATED THAT ONLY BETTER INFORMATION. WE ARE CLOSER DAILY NOT STATUS QUO OR NEGATIVE ONLY PROGRESS.
12-14-2015 Intel/Newshound Guru Mnt Goat Many events seem to converge on the month of December and now January, and in particular mid December close at hand, so let’s pay close attention to what is happening these next couple months. I believe in retrospect we will say this was a very significant time. I want to keep all of us focused on currency reform. Right now this is exactly what we should be watching in expectation of the launching of the lower denominations. Many sources have told me the plan of the CBI is to launch the lower denominations sometime around early February 2016. Will it occur? We can only wait and watch. [post 2 of 2]
12-14-2015 Intel/Newshound Guru Mnt Goat Article quote: “The Iraqi dinar’s exchange rate was equal to $3.3 before the outbreak of the Iran-Iraq War..." ...today’s article from Tamami is...informative. It is a GOLDEN NUGGET for us...she tells us the old rate of $3.30 is no longer used for any currency although it has not been officially cancelled. I think she means the old currency was downgraded due to the war and not down graded due to not being of value worth $3.30. This confirms what we already know that they fully intend to raise the value back to at least the $3.30 rate. Some say it’s $3.22 but...You get the point. ...I have been told their target is to increase the demand for the Iraqi dinar over the US dollar by increasing the value of the dinar. This is the initial 1:1 par value I have mentioned many times. This is not yet the RV...The RV comes later and will be much more than this initial inflation busting adjustment. It will be $3.30+ and I am told around $4.20ish. [post 1 of 2....stay tuned]
12-14-2015 Intel Guru Frank26 There are 100's of LAWS coming into
ACTIVATION NOW. THE MR [MONETARY REFORM] OF THE IQD FOR DRS [DR. SHABIBI] AND HIS CBI IS LOCKING ITSELF INTO INTERNATIONAL POSITION WITH THE GRIP OF MEGATRON.
12-14-2015 Newshound Guru Enorrste I think that it is safe to conclude that withholding the 50k note distribution until the end of January or even in February is because if they did issue them now the locals would just squirrel the large bills away in their mattresses just as they are doing with the 25k notes. Having said that, however, it is also my view that the CBI/IMF must have plans in place to get an FDIC type of law in place prior to the end of January. Once that law is passed and in place then confidence in banking will return. As the people bring their 25k notes out of the mattresses they can be either deposited or exchanged for 50k notes. In either case, the 25k notes get released back to the CBI who can burn them, thereby reducing the total money supply and allowing for upward pressure on the value of the dinar. I conclude, therefore, that we should begin to see a rise in the value of the dinar by early February, including, hopefully, a change in the exchange rate regime to a float.
12-14-2015 Newshound Guru Chattels Abadi said in a speech at the annual Iraq Banking Conference on his behalf by Minister of Planning and Salman al-Jumaili, that...Quote: "...the time has come to activate the economic, agricultural and tourism sectors, stressing that the government is determined to activate the role of private banks." and "the adoption of the state a new philosophy based on free market economy, privatization is supposed to be based on support measures this transformation and the development of other measures the evolution of the banking sector." Godspeed the completion of the Iraqi banking sector reform project!
12-14-2015 Newshound Guru rcookie Article quote: "...economic expert, Salah al-Din Kaku, that Iraq depends on oil revenues by more than 80 percent, indicating that the decline in oil prices is necessary for Iraq to take swift action to lift the economy." THIS ARTICLE SUPPORTS THE DIRE NEED IN IRAQ TO IMPLEMENT ALL OTHER ECONOMIC REVENUE STREAMS TO RELIEVE BUDGET BURDEN ON VOLATILE OIL MARKET PRICING...LIKE TAXES & TARIFFS...AGRICULTURE AND THE INDUSTRIAL MANUFACTURING SECTOR...OR PREDICTION OF TOTAL COLLAPSE OF IRAQI ECONOMY IN 2016.
12-14-2015 Newshound Guru Kaperoni The market economy cannot succeed without freedom of movement of capital. And everyone knows it is grossly undervalued. Once the laws are in place and the CBI moves to Article VIII and changes regime from fixed to float, the dinar will only go one way..that is up. ...we should be excited, the CBI has followed very precisely the IMF the last few weeks. A great sign of what's to come.
12-14-2015 Newshound Guru OOTW Quote: "The first is called the central category of «50» Alpha in February next. And the planned issuance of the «100»" FOOD FOR THOUGHT - IF THE 2016 BUDGET CONTAINS LEGISLATION STATING THAT THE TARIFF'S ARE TO BE IMPLEMENTED IN 2016, COMBINED WITH TODAY'S CABINET ANNOUNCEMENT RE THE INTENTION TO CHARGE ENTRY OF FOREIGN GOODS CUSTOMS/TARIFFS – AS WELL AS THE ABOVE ARTICLE [quote], RE THE INTENTION TO RELEASE THE 50K NOTES IN FEBRUARY (LATER TO RELEASE 100K) NOTES, THEN PERHAPS THE IRAQI GOVT WILL ASCRIBE SOME PURCHASING POWER TO THESE NEW NOTES? AS USUAL, WE WAIT AND SEE... [post 2 of 2]
12-14-2015 Newshound Guru OOTW FROM THE CABINET SITE: "the Federal Ministry of finance/general administration llkmark introduction kmerkih audit and holds the points to make sure that the customs tariff law in border self-righteous." THIS ANNOUNCEMENT IS CONFIRMING THAT THE GOI INTENDS TO IMPLEMENT TARIFF'S AND QUALITY CONTROL OF GOODS FOR THOSE BRINGING GOODS INTO IRAQ...ONE THING TO NOTE - IF THESE IMPORTER'S ARE BEING CHARGED A TARIFF, YOU CAN BET THEY'LL PASS ON THESE COSTS TO THE IRAQI CITIZENS/ BUYER'S OF GOODS. [post 1 of 2....stay tuned]
12-13-2015 Newshound Guru Chattels Any one who says that the HCL is agreed upon and set forth in the 2016 budget is clueless, IMO. A " permanent " and plenary HCL will involve several constitutional issues. It is not going to be set forth in any annual budget agreement / law.
12-13-2015 Newshound Guru wmawhite ...the tariffs, the taxes, are budget issues and are needed to support the budget. However, those two items will cause major increases in goods to the citizen. Therefore, Iraq must provided more purchasing power via a more valuable currency.
12-13-2015 Newshound Guru mike Article: "Economist: 77% out of cash liquidity for the banking system due to lack of confidence" For me, these folks are hanging onto every dinar they can squirrel away, they're in survival mode right now. Government projects have stopped, paycuts, the war with ISIL and others all contribute to this, until there's relative peace and stability, nothings going to change. I also agree that without banking laws, the folks are going to shy away from the banks. There's been too many stories about folks being unable to withdraw their funds because of low liquidity, no one trusts the banks in Iraq.
12-13-2015 Newshound Guru firefly Article quote: "Governor Ali al-allaq said in March that the new Bank is that the auction is no longer a daily window for sell by auction, noting that new mechanisms developed to sell the currency, particularly the functional currency of the foreign trade." the discontinuation of the daily currency auctions...Must happen. The only thing I'm looking at is the Auctions...PERIOD, END OF STORY. Nothing else matters...The auctions are for buying the USD. They have to get the USD off the streets! No way around it. When it is completely halted...then IMO we should be expecting the LDs to hit the streets as well. I'm pretty pumped to tell u the truth.
12-13-2015 Newshound Guru wmawhite [could they give the citizens more purchasing power without going international immediately?] The only way you or I or an Iraqi citizen can receive more purchasing power is for the costs of goods to decrease...go down in price...because Iraq imports 90% of their goods, an increase in the international value...will bring those prices down. However, the IMF must give it's "Good House Keeping Seal of Approval" which is Article 8 first. Without it the worlds financial institutions would probable avoid it. There are many changes happening now monetarily in Iraq but IMO, as soon as the IMF offers the CBI Article 8, the CBI will make the jump and with it we will start to see the true value of the IQD appear outside of Iraq.
12-13-2015 Intel Guru Frank26 [...if the sharks and whales are waiting for the 1:1 to begin buying into the dinar then who is/are buying it up now at the lesser rate?] THE BANKS AROUND THE WORLD...They are NOW being seeded with the IQD because the next phase is.....INTERNATIONAL!
12-12-2015 Newshound Guru BGG 30 days ago the "market rate" was 1225...it's 1212 now...they have "magically" brought the Market Rate down to 1212...they also brought the "sell rate" within the 2% IMF compliance...they are now SELLING the Dinar at 1182 per Dollar...the CBI "magically" decided to go from 1166 to 1182 - any ideas as to why? the IMF takes over - they start following a plan. There is obviously a new plan...NO ONE SAW THAT COMING. of all the scenarios anyone could have dreamed up - who would think they would sell Dinar for less? Guess what - it makes things work...
12-12-2015 Newshound Guru Chattels Article quote: "completion of discussions over the next five days"? [so maybe the budget being put off until next month may not be true?] Maybe, but discussions, even if timely and completed, may not result in a vote...? We have yet to hear from the Kurds about the budget. ...even if the budget is passed then what significance has it for our event? Just observing the ink content without much expectation of anything from/on the budget relevant to our event.
12-12-2015 Newshound Guru Kaperoni Article quote: "...said the prime minister Haider al-Abadi, Saturday, that the time has come to activate the economic, agricultural and tourism sectors, stressing that the government is determined to activate the role of private banks." The way I see it, Abadi is telling everyone at this event that they need to expedite the process, pass the laws, etc...that there is no more time to screw around. Which is very good news. The other side to this is its all been said before with little results. I don't believe its possible to activate anything without doing something with the currency...so we wait and we see.
12-12-2015 Intel Guru Frank26 Article quote: "...confirmed the Iraqi Central Bank on Saturday, it will put the plan to attract the Iraqi currency chunky in the homes of citizens for the purpose of investment..." [I’ve been trying to figure out what they mean by chunky. LD's are coming in CHUNKS.] Keyword... MASSIVE. ALSO YOU MUST NOTE FROM NOW ON: No approvals...No amendments...No passing...No readings...JUST ACTIVATIONS. Now.
12-12-2015 Newshound Guru rcookie Article: "Jubouri's office announced the budget put forward for a vote in Parliament next Monday" ANOTHER CONFIRMATION ANNOUNCEMENT ABOUT BUDGET VOTE FOR 14TH...THIS ONE FROM JABOURI HIMSELF.
12-12-2015 Newshound Guru wmawhite ...the IMF announced 3 weeks ago a new MoU with the CBI and expectation of Iraq re-entering the economy markets prior to the first half of 2016. Regardless of 90 days or no 90 days...the IMF has already stated what their expectations are...that Iraq is going to do something during the first part of 2016. Done, done and done. the IMF would never open their mouths...state what they expect Iraq to do unless they have a solid reason to do so. Of course...if the CBI is in concert with the IMF everything that we are seeing is headed towards those expectations...With all of this said...what is needed by the CBI to "re-enter the economy markets during the first half of 2016? Answer: a currency that Iraq can conduct international commerce...to do what? Conduct business. And IMO...this is truly where we are today...we have been told what to expect by the IMF.
12-12-2015 Newshound/Intel Guru BGG Jubouri's office announced the budget put forward for a vote in Parliament next Monday. [...you think rate is in the budget...?] No - I don't, the rate is where it has always been - the CBI, when it is time... they will change it.
12-12-2015 Newshound Guru Millionday ...THE BANKING CONFERENCE TO MOVE IRAQ TO THE MARKET IS ON THE 12TH AND 13TH OF THIS MONTH. IT INCLUDES ALL BANKS AND THEY HAVE ALREADY MET FOR WORKSHOP... HAVE ROLES AND HAVE ALREADY TAKEN STEPS FOR THE MOVE TO THE MARKET. THE 16TH OF THIS MONTH IS THE HUGE ECONOMIC CONFERENCE WITH ALL EXPERTS AND PROFESSIONALS.
12-12-2015 Newshound Guru Kaperoni Article: "Najib: raise 5 trillion dinars from the payment on credit projects in order to reduce budget deficit" Iraq is really in a bind. I saw a picture the other day of the Kurdistan region, almost all the high rise construction was stopped. Then you add all these provinces that are war zones, and the areas that are not (like Basra), but don't get their share of the budget and you have a real mess. I don't think these articles really tell the whole story of just how dire it has become. Under those circumstances, just how many companies are going to work in Iraq on credit? Especially when they can't even pay the oil companies that are the only source of the their revenue.
12-11-2015 Newshound Guru Stryker Article: "Parliament plans to vote on the budget next week" As you can see we are now seeing the word VOTE in the articles when it comes to the parliament budget sessions next week. The Budget is scheduled for Monday.
12-11-2015 Intel Guru Frank26 We got Dr. Shabibi back at the CBI...but is he in control of it...no not yet...why...they are under contract with the IMF and the BIS and WTO and these contracts IMO come to an end not at the end of the first quarter of 2016 but at the beginning...now the IMF I believe is going to work with them and give them until the end of the first quarter but the BIS and WTO...no...they want this now...and I think that Dr. Shabibi wants this now. ...there will not be any new rate giving to you on the 15th...the tariffs and the codes are there already...instead we found out that on the 15th you will see a plethora of laws get activated and right around that corner these laws are for security and many reforms and the monetary reform is one of them. So that little snowball that we call “when when when”...it is pretty big in its movement and fast...
12-11-2015 Intel/Newshound Guru Backdoc WHETHER YOU PUBLICLY SEE THE RATE TRADING IN DECEMBER OR NOT IT IS BEING TRADED AMONG BANKS. NEXT WEEK WILL BE HISTORICAL! IT WILL TRULY BE A DECEMBER TO REMEMBER! THEY WILL SHOW IT TO THE PUBLIC WHEN THEY ARE READY!
12-11-2015 Newshound Guru Stryker Quote: "According to a statement of the bank, the agency received all of Iraq [where] a copy of "The amount sold volume today totaled 168 million, and 984 thousand, and $ 140, priced at 1166 dinars exchange rate to the dollar..." Even though the C.B.I. Currency Exchange Auctions List, the daily Currency Auctions Announcement No. document and the Exchange Rate Chart are all showing the rate to be 1182, the statements coming out of the CBI are still showing the auction price to be 1166.
12-11-2015 Intel/Newshound Guru Poppy3 ...I BELIEVE RATE TO BE VISIBLE AND USABLE BY OR BEFORE JAN 1. THIS IS AND HAS BEEN MY OPINION AND WITH ALL THE POST THAT THE IMF AND CBI HAVE STATED HOW COULD ANYONE NOT SEE THIS THE SAME WAY? EITHER THEY ARE DOING THIS OR NOT BUT I CAN'T SEE ANY REASON TO...KEEP CALLING THEIR RATE SITUATION URGENT...ANNOUNCING THEY HAVE DISTRIBUTED LD'S TO ALL BANKS ETC. ...ALL THESE STATEMENTS HAVE BEEN MADE BY THE DIRECT SOURCES... I AM PLANNING ON A VERY HAPPY NEW YEAR.
12-11-2015 Newshound Guru Kaperoni Iraq...needs a banking insurance law. This according to some previous articles should have been in parliament by now. Hope to see it soon as it will stimulate the banking system and get the dinar out of the mattresses...not to mention support foreign investment.
12-11-2015 Newshound Guru OOTW [ I am in great hope that they (Iraq CBI) will be able to maintain and/or achieve the 2% compliance ratio for market rate of the dinar for at least 90 days...] AGREED...REMEMBER THAT AS PART OF THE IMF MONETARY REFORM PROTOCOLS, IF THEY CAN MAINTAIN THIS FOR 90 DAYS, THIS TIME FRAME MAY BE CONSIDERED BY THE IMF AS A PERIOD IN TIME IN WHICH THEY MAY "FREEZE" THE CURRENCY AUCTION RESULTS PROVING 2% COMPLIANCE...AND THE IMF GUIDELINES/REGS STATE THAT THEY MAY CHOOSE TO ENACT MONETARY REFORM, INCLUDING AN EXCHANGE RATE FROM WITHIN THIS THREE MONTH PERIOD, BACK TO THE YEAR OF ITS OCCURRENCE. SO I WOULD HOPE THAT THEY CAN HOLD THIS INTO MARCH 2016 -AND THEN THE IMF MAY SELECT THEIR FROZEN POINT IN TIME TO THE BEG [BEGINNING?] OF 2016.
12-11-2015 Intel/Newshound Guru Poppy3 [do you think the budget has to be opened before they go to market?] NOT COMPLETELY NECESSARY BUT THEY SHOULD BE WITHIN HOURS OF EACH OTHER. [SO U THINKING THEY ALREADY KNOW THE RATES?] WHEN THEY GET READY TO RELEASE A RATE THEY WILL CONTACT THE IMF AND THEY WILL APPROVE IT AND BAM THEY WILL RELEASE. IM SURE THEY HAVE A RANGE OF THE RATE BUT FINAL APPROVAL WILL COME FROM IMF AT THE LAST SECOND BEFORE IT GOES GLOBAL. HOLD ON PEEPS IT IS VERY CLOSE. [post 2 of 2]
12-11-2015 Intel/Newshound Guru Poppy3 ...THEY ARE WORKING HARD MAKING GREAT MOVES AND WORKING FAST TO BRING US OUR BLESSING. WHEN THEY WORK FOR THEIR PEOPLE THEY ARE WORKING FOR U & ME. SUPPLY AND DEMAND WILL PUMP UP THEIR ECONOMY FAST AND MOVE THEM TO MARKET VALUE ON WORLD TRADE MEANING THEY WILL HAVE TO MOVE TO WTO FULL MEMBER FAST. THAT MEANS A NEW RATE LONG BEFORE THE JUNE 15TH DEADLINE BECAUSE IT TAKES 4 TO 6 MONTH TO BECOME A FULL MEMBER. LETS HOPE THEY ARE FURTHER ALONG WITH THE PROCESS OF QUALIFYING... [post 1 of 2....stay tuned]
12-10-2015 Newshound Guru Hub i dont personally have the foggiest, but my NYC currency broker said that he sees the rates just waiting for release and he also says he sees 10 currencies to be revalued. ...i dont know about any special rates...but the one factor that regulates all currencies in the world is how much work do you have to do to buy a can of coke...in the states you have to work a time equal to $1.40, in canada you work to a time worth $1.65 canadian, in mexico you work time worth 15 pesos. and so on and so forth. so the dinar should come in at the rate that is equal to the value of commodities in Iraq. when the same work does not buy the same product, the currencies are out of kilter, so this rv is to put the dinar in line with the rest of the trading countries.
12-10-2015 Newshound Guru OOTW I DON'T KNOW IF ANY OF YOU ARE AWARE THAT TRADE HAS BEEN THWARTED IN PART BECAUSE OF A LACK OF PAVING - BECAUSE OF THIS, MANY CANNOT PARK TRUCKS (AS WELL AS OTHER TRANSPORT VEHICLES) IN ORDER TO DELIVER GOODS VIA THE PORTS...I'VE BEEN WAITING FOR THIS... Press Release: "Controls for the implementation of construction of new berths for ports, rehabilitation and operation of the pavement, which had previously been rehabilitated in addition to the rehabilitation and development of squares and equipment and human resources in Iraqi ports..." IT'S GREAT TO SEE THIS.
12-10-2015 Newshound Guru Millionday THIS IS DISCOVERED THROUGH THE GLOBAL PRICING INDEX (INTERNATIONAL EQUATION). THEY HAVE DECIDED THAT STARTING A LITTLE HIGHER WILL PREVENT MANY ADJUSTMENTS IN THEIR CONSTANT MONITORING. THEY HAVE DECIDED THAT THE SELLING PRICE AT THE AUCTIONS WILL NOT BE A SCHEDULED PRICE BUT WILL BE CREATED IN THE NORMAL EQUATION AND HOW SUPPLY AND DEMAND DETERMINES IT. SO THE WAY THIS WILL BE DONE WILL BE ECONOMICALLY SOUND AND DUE TO THE ACTUAL EQUATION REQUIRED -- THIS WILL LEAD TO A STABLE EXCHANGE RATE IN THE GLOBAL MARKET. LETS WAIT AND SEE WHAT COMES FROM THIS AND HOW SOON URGENT IS -- BUT OH HONEY!! [post 2 of 2]
12-10-2015 Newshound Guru Millionday THIS IS FROM THE ECONOMIC GROUP FORMED FOR THE DEVELOPMENT OF THE ECONOMY AND INCLUDES THEM -- IT IS ACTUALLY A HUGE GROUP OF EXPERTS -- PLANNERS -- ECONOMERS AND OF COURSE INVOLVES CBI AS WELL -- THE HUGE ECONOMIC DEVELOPMENT GROUP FORMED YEARS AGO. Article quote: "...there is an urgent need for action to raise the value of the dinar in the exchange market through direct and constant intervention of the Central Bank of Iraq..." DUE TO ECONOMIC ANALYSIS -- THE RESULT IS THAT IT IS URGENT TO REVALUE THE UNDER VALUED DINAR AGAINST INTERNATIONAL CURRENCY AND THE VALUE WITHIN THE COUNTRY. THIS ALL HAS TO BE DONE AT ONCE AND IS DONE THROUGH THE NATIONAL MARKET VALUE... [post 1 of 2....stay tuned]
12-10-2015 Newshound Guru OOTW WE HAVE GREAT FORWARD MOVEMENT IN PRIVATE SECTOR DEVELOPMENT, WORKING TO INTERNATIONAL STANDARDS...THE CBI IS WORKING WITHIN IMF STANDARDS TO MAINTAIN 2% COMPLIANCE AND NOW WE HAVE THE MONEY LAUNDERING ACT IN THE GAZETTE. I SHOULD HAVE SAID THE CBI IS WORKING TO ACHIEVE THE 2% SPREAD, OR THEY ARE AND THIS NEEDS TO BE CONFIRMED. I'M LOVING THE NEWS.
12-10-2015 Intel/Newshound Guru Poppy3 I TALKED WITH A BAGDAD FRIEND...AND HE IS STILL SAYING THAT A NEWS PAPER ARTICLE THERE STATED LOWER DENOMS...ARE BEING DISTRIBUTED TO ALL BANKS LAST WEEK BUT NO DATE ON WHEN THEY ARE TO BE INTRODUCED TO THE PUBLIC. GOOD THINGS ARE ABOUT TO HAPPEN.
12-10-2015 Newshound Guru OOTW "Our Certification Mark Once certified, clients can display our Certification Mark to promote and demonstrate compliance with international standards" THIS IS FURTHER EVIDENCE (VIA THE MINISTRY OF TRANSPORT) THAT IRAQ IS WORKING TOWARDS PRODUCING AND SHIPPING GOODS TO INTERNATIONAL STANDARDS. MAY NOT SEEM LIKE MUCH, BUT THESE TYPES OF STEPS ARE EXACTLY WHAT WE NEED TO BE WATCHING FOR, ESPECIALLY CONSIDERING THAT THE CURRENT LEGISLATION OF THE 2016 BUDGET STATES THAT THE GOI PLANS ON IMPLEMENTING THE TARIFF'S IN 2016.
12-10-2015 Newshound/Intel Guru BGG [IYO, what does the window look like to you?] CBI market/sell rate is in compliance with IMF guidelines - miraculously... AND there has been an obscure caviat to the IMF 3 month "waiting period" under such compliance before moving to next step...which I said would happen. PLAINLY...when it's time - they will have everything in place to go. I will just leave this here...
12-10-2015 Intel/Newshound Guru tman23 "Iraqi Official Gazette published the fight against money laundering and the financing of terrorism law" ...we have an official posting in the Gazette of the AML [Anti Money Laundering]. The debate of it had been published and is law is over. It has now been published...
12-10-2015 Newshound Guru Enorrste ...some laws still need to be in place and...investment won't come in prior to changing the exchange rate regime. It's like the chicken and the egg story: which do you do first? It seems to me that without a floating and internationally recognized currency the investment won't come to Iraq in any significant way. At the same time, it is the foreign investment that will be the driving force to raise the value of the dinar. Thus I conclude that the IMF/CBI has concluded that they will have to have a "dirty exit" in order to get the investment started. Let's just hope I'm right.... [post 2 of 2]
12-10-2015 Newshound Guru Enorrste Article quote: "but who got to the monetary authority continued to approach raising the value of the dinar against the dollar (ie reduce the value of the dollar denominated in dinars) after the decline in the rate of inflation and to control it and install the official exchange rate at a level may not necessarily reflect the level of equilibrium in the market." The author appears to be asking the rhetorical question: Who decided to place the rate artificially low at 1166 to 1? His unstated answer is clearly that the CBI itself has done this. His opinion is that the time has come to let market forces begin to work through the Iraqi economy so that the value will rise, which he clearly expects will happen. It is my opinion that this is, therefore, a "setup" argument for what the IMF/CBI plans to do shortly after the beginning of the new year: float the currency officially. [post 1 of 2....stay tuned]
12-9-2015 Newshound Guru wmawhite [so why do they join the WTO...IMF is going to force IRAQ to join?] The IMF does not force any country to do anything...however, if a country wants the IMF's "Good Housekeeping Seal of Approval"...then a country must follow the requirements (articles) of the IMF.
12-9-2015 Intel/Newshound Guru Poppy3 LIKE I SAID I BELIEVE RATE TO BE VISIBLE AND USABLE BY OR BEFORE JAN 1.
12-9-2015 Intel/Newshound Guru tman23 What we do know is that they have made it very clear that they intend/need...the budget...passed before the first of the year. What we do know is Shabibi had said the time to lift the 3 zeros is at the start of the fiscal year. What we do know is the IMF, World Bank, and Japan are all loaning several billions of dollars...but to come after the first of the year. And we know that this past March the CBI gave the green light to start the process to lift the 3 zeros...AND Shabibi said in his day that the plan was in 3 phases...each phase taking approx 6 months...IMO...the new year starts phase 3.
12-9-2015 Newshound Guru Adam Montana [Could you please give us your thoughts on all of the turmoil going on in the mid east. What I am really interested in is if the fighting over there is a problem for the RV?] My opinion on the turmoil stays pretty consistent - they will never stop fighting, regardless of the value of their money. They don't fight for money, so it's kind of irrelevant. Of course it makes a difference, but now that the GOI is reasonably stable, the CBI has a strong hold on the rate, Iraq is getting along much nicer with themselves... things are going well.
12-9-2015 Intel/Newshound Guru Mnt Goat Many events seem to converge on the month of December, and in particular mid December, so let’s pay close attention to what is happening this month. I believe in retrospect we will say this was a very significant month. I want to keep all of us focused on currency reform. Right now this is exactly what we should be watching in expectation of the launching of the lower denominations. Many sources have told me the plan of the CBI is to launch the lower denominations sometime before or by the end of the year. Will it occur? We can only wait and watch. Our focus must be on the actions of these two agencies – the CBI and the Finance Ministry.
12-9-2015 Newshound Guru Kaperoni Article quote: "In response to a question from the hanger on the identification of a specific timeframe to close the currency sale of dollars in the central bank window replied, "that he once available other outlets to provide the dollar in the domestic market such as remittances from the outside to the inside or the export of goods or attract investment that will cover the market need of hard currency sales window will close." This is a very key statement... In other words, until the laws are in place and the market economy begins to take off (creating an influx of foreign capital into Iraq), he will not float the dinar and end the currency auctions. Unfortunately, it is painful to watch as we all know what they need to do to raise the value and all we can do is sit and watch.
12-9-2015 Intel Guru Bluwolf [via Ghost Writer] ...there are no more delays, no more posturing, no more twists in the path. We are in the position of waiting now, waiting for a certain timer to finish its countdown and the act to trigger. All the tests have been done...They are standing by for what must be one of the most momentous events in our personal history.
12-9-2015 Newshound Guru Adam Montana Things to take note of: - Parliament is currently active. The budget was on the agenda today and could be again tomorrow. - Part of the budget talks include oil law related items. Moving forward! And there is good stuff happening over there, although sometimes you have to look harder to find the positives. I still can't say the magic words. There are lots of positive rumors floating around, but until they become fact...
12-9-2015 Intel/Newshound Guru Poppy3 ...I DONT UNDERSTAND WHY PEOPLE THINK THEY CAN IMPLEMENT THE TARIFFS WITHOUT A NEW RATE BEFORE. TARIFFS ON THE RATE TODAY WILL NOT PAY THE OVERHEAD TO IMPLEMENT THEM. DR SHABIBI TOLD US THIS...IT WILL TAKE 3000 MORE EMPLOYEES TO IMPLEMENT AND ALSO THE RETURNS AT TODAYS RATE WILL NOT BE WISE. PLUS THEY HAVE TRIED AT LEAST 3 TIMES AND PROVEN THEY CANT GAIN ANYTHING WITH TARIFFS AT THE 1166 RATE.
12-9-2015 Newshound/Intel Guru BGG What is curious - the market rate is actually a tiny bit stronger... 1212 - and the number they are selling for "appears" weaker... 1182 - the real story here is...in one fell swoop - they just complied with IMF 2% Market/Sell rate guidelines...which I have said would happen all along...When it is time - they will "magically" be in compliance... which they are now - BOOM. ...this recent "adjustment" seems a little convenient... they haven't been able to get that under control - and now, for no identifiable reason - there it is. BTW - the spread has gotten 2 Dinars better since this "got off the ground" on Dec 1st... AND - my next "prediction" is - they will be given some "waiver/variance" to IMF regulations... (for instance, the 3 month compliance timeline...).
12-9-2015 Newshound Guru Kaperoni I believe this is all scheduled to occur within the first 6 months of 2016. I believe the government plans to activate the market economy either just prior or at the same time the CBI meets the IMF conditions and accepts Article VIII (freedom of movement of capital) a requirement for global investment. The rate will probably move slowly at first, building momentum as the economy begins to grow and take off. I do not believe the Market Economy in Iraq can start until the banking system meets the IMF conditions and accepts Article VIII. [post 2 of 2]
12-9-2015 Newshound Guru Kaperoni ...the reality is the dinar cannot move until the market forces are created to raise the value. That means laws, and investment. ...as investment capital comes into Iraq to invest through the CBI capital account, it will begin to create inflationary pressure, that pressure is what will raise the value. So unfortunately, nothing is going to happen until the Government of Iraq gets this moving forward. They need to activate the private sector by all means possible...tariffs, laws, stability, investors, etc. Open that big door to a market economy. Then and only then will the dinar rise...It's called the Balassa - Samuelson effect if I recall. [post 1 of 2....stay tuned]
12-8-2015 Intel/Newshound Guru Poppy3 THEY ARENT MONKEYING AROUND...THEY ARE PUSHING TO FINISH FINANCIAL REFORM EVERYDAY. THEY ARE WORKING FOR THEMSELVES AND IN TURN FOR YOU AND ME. HANG ON THEY ARE BRINGING IT TO US.
12-8-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: read tomorrow 38 articles of the 2016 budget law" makes me wonder just how many articles are in the budget for 2016...is 38 the sum total...or are there more...me...I'm hoping that 38 is all there is...let this be the second reading...so we may indeed see 12/16 as a "special" date...passage.....EARLY passage of the 2016 budget for Iraq...that is within the 15th to the 17th time frame that Frank [Guru Frank26] was looking for...The T&T...Taxes and Tariffs...of course...would just be icing upon the cake in that time frame too.
12-8-2015 Newshound Guru Millionday Article quote: "Handed over to the economic and investment commission parliamentary project sovereign wealth fund law to the government because of its importance in avoiding any emergency economic crisis." THIS IS COMMON IN ALL COUNTRIES AND IS GREAT NEWS -- IT COVERS NEEDED EXPENSES WHEN PROBLEMS OCCUR...THIS IS NORMAL AND EXPECTED -- NORMAL INTERNATIONAL ECONOMICS. REMEMBER THIS IS IRAQ PREPARED TO DEVELOP THIS FUND - WHOOPOW. Quote: "The funding for a sovereign wealth fund (SWF) comes from central bank reserves that accumulate as a result of budget and trade surpluses, and even from revenue generated from the exports of natural resources." THIS MEANS THEY WILL HAVE OR DO HAVE SURPLUS OR WILL HAVE SURPLUS --WHOOOPOW. [they aren't looking at breaking even with the budget, they want to flourish?] THIS WOULD SHOW THAT THEY WILL FLOURISH -- THE NUMBERS WOULD HAVE TO BE THERE IN FIGURES NOT HOPE.
12-8-2015 Newshound Guru rcookie THEY ARE MOVING TOWARD COMPLIANCE WITH EVERY IMF MANDATE...SALARY LADDER...SUBSIDY CUTS FOR ELECTRIC & FUEL...OVERSIGHT PANEL AT CBI...UN OVERSIGHT PANELS FOR TRANSFER OF POWERS TO PROVINCES. IN WRITING BAGHDAD ERBIL OIL AGREEMENT IN 2016 BUDGET...COMPLETE BY MIDDLE OF MONTH! [This will be an awesome blessing when the RV train finally pulls into the station...very exciting.] OMG YES!...WE ARE CLOSE!
12-8-2015 Intel Guru Frank26 January 1st 2016...that is a perfect date for Dr. Shabibi IMO...and if it is a float then we don’t need no 90 days...if it is a float 90 days are null and void...a float is going...90 days is not necessary to wait for anything. January 11th...IMO...sometime after that date...you see prior to that date it could be anywhere from 10 cents, 20 cents, 40 cents but after that date it could be IMO...it could be 1 to 1...but I don’t know...we shall see...now if it isn’t it is because we are almost there. ...it has started, that is the key to all of this...it has started...the fact that they have started the compliance of the street rate with the CBI...that is an Article 8 compliance that starts the float that takes them into the RV...then the CAP. [post 2 of 2]
12-8-2015 Intel Guru Frank26 Let’s look at December a little closer...the IMF told Iraq we are going to help you with...security, loans...everything... when we go into the first quarter of 2016 according to the contract you just signed with us you will be of international status...Article 8 compliant...you will have a currency with a new rate...after all that is what the contract says that you signed...well this looks like what they are doing... Dec 15th...what about this date...now this might melt into Dec 16th or Dec 17th...we aren’t sure but that is the date frame that we believe the taxes and tariffs to be implemented at the borders of Iraq...will they be implemented with new codes and a new rate? ...from the 15th to the 17th...will tell us an awful lot...we need to see a change in the rate in this time frame...if they don’t they’ve lost the opportunity for the taxes and tariffs and with this 2% compliance that IMO equals a float. I mean golly...why swim half way across the English Channel only to swim back. [post 1 of 2....stay tuned]
12-8-2015 Intel/Newshound Guru Poppy3 THINGS LOOKING VERY GOOD. EXPECT RV IN OR BY THE FIRST. CONSIDER THE FACT THAT EVERYDAY FOR MONTHS NOW ABADI HAS BEEN ON TRACK AND PUSHING EVERY BUTTON TO MEET THE RATE ASAP. NONE OF ANY OF THE THINGS THEY ARE DIRECTLY FOCUSED ON WOULD BE NEEDED AT ALL EXCEPT TO RAISE THE RATE OF THE DINAR. NOTHING NOT ONE THING THEY HAVE DONE NEEDED TO BE DONE IF THEY WHERE NOT GOING TO RAISE THE RATE...THIS WEEK IN THE PAPER AND TV NEWS IN IRAQ THEY WILL HAVE MORE BUYING POWER THIS YEAR. HE ALSO ANNOUNCED THAT LOWER DINAR WAS BEING DISPENSED TO ALL BANKS. HOW MUCH CLEARER CAN THEY MAKE IT. ITS BEGINNING TO LOOK LIKE A VERY HAPPY NEW YEAR AND MAYBE A VERY MERRY CHRISTMAS.
12-8-2015 Newshound Guru firefly [Have you seen any current information on the taxes and tarriffs going into effect on december 15th?] All I KNOW is it HAS to be VERY soon. Have faith, we are oh sooooo close.
12-8-2015 Newshound Guru wmawhite It is true...that individually we do not know when...but we have been that the IQD will change in value...and the IMF has told the world what their expectation is. The IMF stated 3 weeks ago concerning Iraq: he stressed that Iraq will return to economic market during the first half of next year.
12-8-2015 Newshound Guru Kaperoni Article: "Search our economy unique to the deployment of the central bank governor on the sale of currency and monetary reserve Iraqi window" ...the CBI is trying to demonstrate they can manage the currency within the guidelines of the IMF. If the CBI can't maintain a spread through the daily auctions (a sort of supply and demand) in a closed system, how in the heck would they ever manage the dinar when it floats worldwide via true supply and demand? ...under Article XIV, the CBI is learning how to manage an exchange rate. It is in the CBI's best interest to achieve the goals set forth by the IMF so they can join the big boys. It is in hope that happens by sometime next year.
12-8-2015 Intel/Newshound Guru Poppy3 FULL PARLIAMENT IN SESSION ON THE 8TH. AGENDA WILL BE SET IN THE MORNING. COMMITTEES AND TEAMS HAVE BEEN MEETING FROM THE FIRST DAILY. HOPE ALL COMMITTEES FINISHED THEIR DUTY. [Do you foresee a lot of stuff getting done between now and new years?] YES I DO LOTS OF MOVEMENT.
12-8-2015 Newshound Guru Millionday Article quotes: "Executive Director of the Association of Iraqi private banks Ali Tariq that the third conference to be held by the Association in the 12 and 13 of this month in Baghdad...will chart the work of private banks map in Iraq in the coming year" THIS...WILL BE THE ROLES OF ALL BANKING FOR THE NEXT YEAR...THIS IS NOT FOR
RECOMMENDATIONS...IT IS THE ACTUAL PLAN TO BE DONE -- THE MAP. THE MERGE OF BANKING -- ISX -- PRIVATE SECTOR AND PUBLIC WILL ALL BE DONE ACCORDING TO THIS AND THE CONFERENCE. THE BANKING CONFERENCE WILL BE GIVING OUT ALL THE ORDERS FOR ALL BANKS TO DEVELOP IRAQ AND MAKE ALL MOVES THAT ARE PLANNED FOR 2016. THIS IS THE ENTIRE DEVELOPMENT OF THE BANKS TO GO TO A MARKET ECONOMY. THIS IS HUGE...
12-7-2015 Newshound Guru rcookie Article: "Iraq follows (95) Convention of economic cooperation with the countries of the world" IRAQ HAS AGREEMENTS WITH OVER 95 COUNTRIES IN THE WORLD FOR INCREASING TRADE VOLUME AND DEVELOPING ECONOMIC TIES...FOSTER ECONOMIC DIVERSIFICATION.
12-7-2015 Newshound Guru Kaperoni Article quote: "...the Iraqi Central Bank Governor d. Ali Mohsen Keywords that the cash reserves of the Central Bank is still good, according despite all appearances and challenges that surround the economic, financial and monetary reality in the country with international standards..." I still find it sorta funny how the Iraq's keep asking for help, yet do nothing themselves. Much of this would be a non-issue if they would just pass the laws to get the market economy going. Nobody is going to do that for them. ...these laws are in the hands of parliament and for whatever the reason (and against the desire of the citizens) they don't get passed.
12-7-2015 Intel/Newshound Guru Mnt Goat Rumor: The CBI must find a way to increase the value of the dinar over the US dollar. There are many rumors this had already been done...thinking it is already on some kind of a “float” and it is just going to “float” to the value we need (1:1). Really? They forget one thing though – its not yet international? Remember ...when they do achieve a 1:1 value this...will NOT BE THE RV. The full blown RV comes later to bring the true asset backed value to their currency but first they MUST be able to control it inflationary value at par to the US dollar (IMF mandate). Many events seem to converge on the month of December and so let’s pay close attention to what is happening this month. I believe this will be a very significant month. The reform process is actually a 2 year process and once stopped it is like stopping a train and so the start it again it takes effort and time. But the train is rolling once again and picking up momentum. It is almost at its destination... [post 2 of 2]
12-7-2015 Intel/Newshound Guru Mnt Goat Rumor: The Lower denominations are being launched in regions in Kurdistan. THERE ARE NO LOWER DENOMINATIONS BEING LAUNCHED IN IRAQ! ..in order launch the lower denominations they must need a significant increase in the value of the dinar first. These two events MUST coincide within hours or days of each other. Clarify confusion and rumors over the launching of the new 50,000 notes a couple weeks ago: ...common sense tells us these lower denoms and 50k notes are really meant for use only after a significant increase in the value of the dinar. ...the FIRST launching was a flop? Maybe they plan to first RV prior to re-launching the 50k notes in 2016? Don’t forget they also keep telling us they fully intend to launch the new 100k notes in 2016 too and also even a new 500 note. Surely they will not do this either without an RV. [post 1 of 2....stay tuned]
12-7-2015 Newshound Guru Kaperoni I continue to be reminded of the document we reviewed over a year ago from the IMF titled "from fixed to float" (in the Research Library) and the two ways the CBI could exit...either "orderly" or "disorderly. " After everything that has gone on the last few weeks with the CBI, monetary policy, the critics, etc.. it sure seems "disorderly" (remember a disorderly exit is more out of necessity, which seems to be the case) to me. Guess we just continue to watch it unfold.
12-7-2015 Intel/Newshound Guru tman23 Certainly Iraq must make changes... But with the kidnappings etc...etc... You have to ask yourself...How fast can they open a market economy and build infrastructure without foreign labor? Because right now skilled foreign workers are not going to flock to Iraq. Abadi needs to deliver something big...bigger then austerity and broken promises. Quite frankly he needs to pull a rabbit out of his arse at this point.
12-7-2015 Newshound Guru rcookie Article: "Parliament session for tomorrow devoid of the budget law" BUDGET NOT GOING TO BE HEARD IN TOMORROWS SESSION.
12-7-2015 Intel/Newshound Guru Poppy3 I AM VERY EXCITED FOR NOW THROUGH THE FIRST OF JAN. THINGS ARE AWESOME AND THE IRAQI PEOPLE ARE EXCITED...ABADI HAS TOLD (PROMISED ) THEY WILL HAVE MUCH MORE BUYING POWER.
12-6-2015 Newshound Guru firefly Article quote: "...that the House will resume its sessions on Tuesday, noting that the 2016 budget law will be the first laws presence for discussion." [is the budget still under discussion or ready for a vote?] ...IMO READY. I'm pretty darn excited right now. As of today, I see no road blocks. Everything occurring as expected.
12-6-2015 Newshound Guru firefly [Looks like CBI is trading arabian currencies now?] Swapping currencies between countries now! WOW! So if they are swapping currencies that must mean...... [If that is true, it truly has begun!] Yes it has.
12-6-2015 Newshound Guru Kaperoni Article quote: "Sales of the Central Bank, Sunday, 209 million dollars in an auction today, on the sale of foreign currencies, exchange rate stable at 1166 dinars per dollar." I would tend to believe the CBI spreadsheet over the media article. Still cannot understand why the media has not picked up on the 1182 yet. Very clear on the CBI the official rate is not 1166 anymore..."Auction price selling dinar / US$ 1182". Based on my calculations of 1182 + 13 dinars (what it was before 1179 - 1166 = 13 dinar) brings us to 1195 as the rate the 2% spread would be based off of. 2% of that is 1218. So as long as the CBI keeps the Market Rate below 1218 it seems to me we are in compliance. Currently it is 1214 as reported. It is interesting the CBI made this effective December 1st. So March 1st would be 90 days if it holds and falls within the timeline stated..."Iraq that is due to the market during the first half of next year" Maybe we need a countdown clock to March 1st.
12-6-2015 Intel/Newshound Guru tman23 Do you know what they are referring to when they say.."the Central Bank is working on the application of parallel policy"? The IMF refers to parallel policy as the "dual exchange rates"...one being the CBI rate and the other being the market rate... The IMF's Christine Legarde said sometime back in early 2015...The parallel policy has served Iraq well over the years, but the time has come for Iraq to work off a one exchange rate policy... If the IMF is loaning Iraq money, I would think it reasonable to assume Legardes words would be included...and the working on the application of "parallel policy" sounds like they are both going to exist...when reality may be they are working on moving to ONE.
12-6-2015 Newshound Guru firefly Shabibi was on the verge of doing something in 2012. Just before he rolled out his plan Maliki raided the CBI and put everybody in jail except for Shabibi who somehow managed to escape. In 2013 Abadi AND Saleh told us the deletion of zeros project will occur in 2015 AFTER THE NEW PARLIAMENT.
12-6-2015 Newshound Guru tlar Something is happening like it has never done before. ISIS is being decimated in Iraq and Mosel is in the process of being reclaimed. The parliament is dead set on getting the budget done this year and will forsake working on any new laws to finish it. 2016 is certainly starting to look like a strong bet. I believe earlier rather than late...it's getting exciting again. We are seeing so much happening all at once. This investment sure looks like it might finally be ready to come to fruition very soon. IMO the positives way out weigh the little bad press over the last few months. A time to get excited. [post 3 of 3]
12-6-2015 Newshound Guru tlar Whether or not they pull the trigger quickly or are just putting their toe in the water to test depends on many things and their thoughts on timing. Sometime in 2016 not specifying early or late 2016. The IMF indicated that early in 2016 Iraq would open their economy. I think the two, monetary reform and open economy will happen within days of each other. They are intertwined like taxes and tariffs and monetary change. "You can't have one without the other", as demonstrated by the protests the last time they tried to implement them and their subsequent cancellation and postponement of them. Iraq for some reason now wants to attend the next OPEC meeting to discuss applying quotas for all members including Iraq, dropping OPEC production 1.5 million bpd. Very interesting coming from a cash starved country fighting a major war against terrorism with millions of refugees and a major liquidity problem. The forex's are suddenly bouncing around after years of stagnation. [post 2 of 3....stay tuned]
12-6-2015 Newshound Guru tlar [via GSJR] There is a lot of discussion in dinar world about the 2%. Some gurus claim Iraq must maintain 2% spread for 90 days. None of this applies in this case because Iraq having a program rate (made up rate), and being an article fourteen currency is not under the same rules as an article VIII currency. They must demonstrate to the IMF that they can control the currency...but they are not required while under fourteen to do this long term. By changing the rate they are now qualified to go to article eight as the rules do not require them to get there and hold for a quarter but rather be there to qualify. Article fourteen does not require them to be at 2% at all as demonstrated over the last two years. Iraq is now prepared to monetarily make a change at least in the short term. The money vendors will make adjustments quickly and the street rate will follow the CBI rate if they let this drift. [post 1 of 3....stay tuned]
12-6-2015 Newshound Guru wmawhite Article quote: "...there is an urgent need for action to raise the value of the dinar in the exchange market through direct and constant intervention of the Central Bank Iraq..." this is SUPER. It is more confirmation of what the IMF announced three weeks ago.
12-6-2015 Newshound Guru Kaperoni Article quote: "The auction currency on growing despite many appeals to the Central Bank need to reduce such sales of hard currency, especially since such sales sometimes cover the reserve value negatively affecting its quantity..." Well, the auctions cannot end until there is a new mechanism to take it's place. And that would be the float and more than likely Article VIII as well. As long as the dinar stays pegged and the CBI runs a currency board, auctions are the method. They need to grow up the banking system and take the next step for sure. When? My guess is we won't see any movement until the laws are passed. All we can do is watch.
12-6-2015 Newshound Guru Millionday Article quote: "...there is an urgent need for action to raise the value of the dinar in the exchange market through direct and constant intervention of the Central Bank Iraq..." THERE IS AN URGENT NEED TO REVALUE AND ALSO ADD IT TO THE MARKET...THE CURRENCY MARKET... IT IS URGENT TO CHANGE THE EXCHANGE RATE TO A RATE THAT IS COMPETITIVE IN THE MARKET AND WILL BE IMPACTED BY SUPPLY AND DEMAND AND ALSO THE OTHER RATES OF CURRENCY THEY DO BUSINESS THEY HAVE AGREEMENTS WITH. THE SUPPLY AND DEMAND WILL HELP THEM DECIDE THE NOMINAL VALUE OF THE DINAR AGAINST THE INTERNATIONAL RATES. THE MOVE ON THE EXCHANGE RATE IS FOR THE SUPPORT TO MAKE THE CURRENCY INTERNATIONALLY ACCEPTED AND SUPPORTED. WITH THE NEWS OF THE 20-16 BUDGET READY FOR VOTE AND PARLIAMENT READY AS WELL AND ALL THE REST OF THE NEWS WE HAVE SEEN >>>THIS IS FANTASTIC...WHOOOPOW.
12-5-2015 Newshound Guru firefly The 1st step to the public monetary reform began on the 1st when the CBI changed their rates. They told us they would adjust 2 days prior...And sure enough... They must turn the currency on before the LDs and fils are distributed to the private sector! The LDs are worthless at the rate they are now.
12-5-2015 Newshound Guru Millionday HUGE ANNOUNCEMENT THAT ELECTRONIC BANKING IS READY FOR ALL TRANSACTIONS -- EXTERNALLY AND DOMESTIC... THE CANCELLATION OF AUCTIONS IS A GREAT MOVE DUE TO THE RATES THEY ARE BEING SOLD AT AND ALSO THE DATE --- EVERYONE KNOWS WE ARE IN A GREAT PLACE AND IRAQ IS GETTING ALOT OF THINGS DONE -- MANY LEADERS ARE IMPRESSED BY ABADI. NOW IS THE CHANCE TO CHANGE THE VALUE OF THE DINAR.
12-5-15 Newshound Guru mike Iraq's in a pickle, if they stop or reduce the auction's, the dinar will drop to 1400 - 1 or so like it did earlier this year. If they don't, the reserves will continue to erode. Without the dinar in in Article VIII, they can't buy the imports they need and they can't, according to the IMF, get into Article VIII until they've held the spread to 2% for 90 days. Something's got to give at some point.
12-5-2015 Newshound Guru Millionday REGULAR BANKING -- VISA AND INTERNATIONAL CALCULATIONS... THEIR BANKING WILL COMPETE NOW IN INTERNATIONAL BANKING AND LOCAL WITH A PART IN THE ISX AS WELL. THIS MEANS ELECTRONIC AS IN ATM AND INFO SHARED TO CASH CHECKS AND USE VISA ALL OVER...THIS IS HUGE...TAKES THEM TO MARKET AND MODERN BANKING AND GLOBAL MARKET.
12-5-2015 Newshound Guru Adam Montana I will make one...comment on the rate change done by the CBI. A couple people...mentioned that it could be a move by the CBI to get things tightened up with the IMF, and I've heard rumblings of that from my contacts as well. The rate moved from 1164 to 1182. That's less than a 2% change, but it is only significant if you understand that the CBI is playing a very precise game with the Dinar, and even a small change like that can give them mountains of data that will make them more prepared to make a much bigger change in the opposite direction. Fingers crossed that my contacts are correct and things are still poised to do something big.
12-5-2015 Intel/Newshound Guru Poppy3 TALKED WITH THE COL FRIEND...HE SAID PEOPLE LOVE ABADI AND ARE EXCITED THAT THEY CAN SEE ABADI WAS MAKING GREAT CHANGES IN LEADERSHIP AND THEY FEEL HE IS REALLY PUSHING TO FINISH FINANCIAL REFORM AND INCREASE THEIR BUYING POWER BEFOR JAN 1 OF 2016.
12-5-2015 Newshound Guru wmawhite we are looking for one particular event and that is a change in the status of the IQD...and the IMF has indicated that Iraq will be entering the "markets" during the first half of 2016. In order for Iraq to enter the "markets" the IQD needs to change.
12-4-2015 Newshound Guru firefly ...I am expecting Dec to be a VERY exciting month? I'm expecting many things this month...all good! Remember this, all plans have an end date!
12-4-2015 Intel/Newshound Guru tman23 I see the process in motion...and ...I believe there is a chance for a great monetary gain to be had...
12-4-2015 Newshound Guru wmawhite [whats with the auction yesterday of only 2 million and 3 banks attending? any idea...?] IMO...we have a starting line, ...the IMF announcement (MOU and 2016) and the starting gun has sounded. Off in the distance (first half of 2016) is the finish line. The adjustment in the buy/sell value was done with the IMF, the changes with the auctions is expected and is part of getting to the finish line. [why does the CBI on the auctions still show 1166... when the rate was changed to 1182?] more of the mystery...however, the CBI is not doing any of this in a vacuum...again, the IMF announced that there is a MOU in effect. So, the two of them, CBI and the IMF, are doing things that will get Iraq to what the IMF expects during 2016.
12-4-2015 Intel Guru Frank26 DRS's [Dr. Shabibi's] plan for the MR [Monetary Reform] steps...Of which he has selected a FLOAT...IMO...should be CONTROLLED in order to stop the 2% margin when DRS feels he is ready to CAP the GROWTH. IMO...A year or more. BUT TEAMS have told me the GROWTH from .40 to 1.00 will be very very fast...the TIME GROWTH from 1 to 3 or 4...It looks faster than we thought.
12-4-2015 Newshound/Intel Guru BGG [We saw the exchange rate go to 1182, many said that was for the 2 percent, MD [Guru Millionday] says it was for cost of living/ inflation and was a requirement. People all day have said that the 2 percent deal has to go for 90 days. Are all of these things falling into the same category or different issues.] When the timing is right - they will "magically" be within the required range - and will have been for the required length of time...that is MHO.
12-4-2015 Intel Guru Frank26 TEAMS ARE TELLING YOU...THAT THE ISIS LEADERS ARE DISAPPEARING. YOU MEAN THEY ARE ESCAPING...NO I DON'T. ...THEN YOU MEAN THEY ARE RUNNING...NO I DON'T. HMMMM...THEN YOU MUST MEAN THEY ARE COWARDLY RETREATING...NO I DON'T. OKAY I GIVE UP SO WHAT ARE THEY DOING? JUST AS I TOLD YOU...THEY ARE DISAPPEARING. IT'S NOT A MAGIC ACT...THEY ARE HONESTLY DISAPPEARING INTO THIN AIR. IS IT BY OUR MILITARY ACTIONS? WELL LET'S JUST SAY THAT IT RARELY RAINS IN IRAQ MAYBE ONCE EVERY 10 YEARS BUT MY GOD IS IT EVER RAINING FIRE AND BRIMSTONE TO THE EVIL THAT HAS NO MORALS NOR MENTALITY. ALL OF 2015 THAT OUR AMERICAN TROOPS ARE BACK IN IRAQ BY THE THOUSANDS AND HAVE SECURED EVERYTHING WITH THE FINALITY OF MOSUL AND RAMADI NOW COMING ABOUT. TAKE NOTE THAT IT IS THEIR LEADERS THAT ARE DISAPPEARING. IN A FEW DAYS YOU WILL LEARN THAT THESE TWO CITIES ARE BACK IN ABADI'S CONTROL.
12-3-2015 Newshound Guru Kaperoni "CBI Currency auction 12/3/2015" Today's auction was only $2 million sold at 1166/$1. Normal auctions have been $170 million or more. Something is clearly going on...
12-3-2015 Newshound Guru firefly The rate change in the CBI is HUGE...the program rate is gone...they are no longer on the program rate, meaning the CBI cannot hide figures any longer! the 1st step to the reform has begun IMO...Dec will be VERY exciting !
12-3-2015 Newshound Guru Enorrste I like to think of this as "backing up to leap forward." I sincerely feel that this is a repositioning that is being made just prior to an official change of the exchange rate regime to a float. Think about it this way: if they move the official rate closer to the street rate then there is less stress on the official rate and a lower chance that it will fall, rather than rise, when the exchange rate regime moves to a float. In other words, it is a stress relief measure just prior to the official release to a float. That is how I see it. Bottom line: all good! [post 2 of 2]
12-3-2015 Newshound Guru Enorrste "New exchange rate from CBI" This minor adjustment does not concern me even one small bit. In fact...this appears to be a "repositioning" for the takeoff. The 1% drop is insignificant in the long run but it does help to adjust the official rate closer to the street rate. ...I doubt that the IMF would suspend its own rules for Iraq on the 2% requirement for 90 days. Therefore, I conclude that the IMF itself made this recommendation to the CBI, even though reluctantly... In doing so it positions the CBI to be able to meet the IMF guidelines and may actually improve their financial position slightly by reducing the auction some. [post 1 of 2....stay tuned]
12-3-2015 Intel Guru Okie_Oil_Man [via Elmerf123456] I just spoke to Okie and in his indelible style, he said his plane has landed but the canopy is stuck...however the mechanic is on the way! No more flight plans need to be followed/ submitted! Okie is on the ground waiting for the canopy to open and follow ground instructions...nothing more nothing less. Okie is simply waiting like the rest of us! Everything is sorted, all is signed and there is absolutely nothing left to do but feast. We wait to eat...PERIOD!
12-3-2015 Intel/Newshound Guru tman23 Abadi is on the HOT SEAT... The political resistance is growing against him as they can win the crowd of demonstrators as nothing changes. And June is another promise that would be broken (guaranteed !!). The citizens IMO are not going to wait until June for the "elusive reforms" that only show in talk and on paper. Abadi needs to announce his second phase and it needs a positive impact on the streets...more importantly in the pockets of the citizens...IF NOT...the GOI under Abadi will lose and lose big!
12-3-2015 Intel Guru Frank26 ...yesterday they decreased the street rate of 1214 to match within a 2% which is in Article 8 compliance...they are out of Article 8 but the rate must make it official before they tell you... The IMF who tells all countries what to do with their currency..print, destroy...increase their rate, decrease...this I think is the last demand they had on the Iraqi currency...you have to be within 2% compliance of that street rate...we will help you but you have to be ready by the first quarter 2016 otherwise it does not work. [post 2 of 2]
12-3-2015 Intel Guru Frank26 One thing the IMF told the CBI in order to be in compliance with Article 8 you must be 2% of your CBI rate within the market rate...commonly known as the street rate...so they brought the rate down...they brought the street rate down to make it Article 8 complaint with a 2% movement….look at 1166 what is 2%...23.32...add that to 1166...it comes out to 1189.32...what is the rate that the CBI put out today...1180 to 1182 up to 1214...1214 is the street value...1189 is the 2% compliance...they are moving from the RI to the RV...this is started...it is public... [post 1 of 2....stay tuned]
12-3-2015 Newshound Guru Millionday THE REMOVAL OF THE THREE ZERO CURRENCY IS A DIRECT RESULT OF THE NEW VALUE AND INTERNATIONAL RATES -- IT IS NOT TWO DIFFERENT STEPS --- IT IS A RESULT IN WHAT CURRENCY IS NEEDED TO BUY THINGS AND THE INTERNATIONAL INVESTORS INTEREST TO GIVE THEM BACK. KNOW IT IS NOT TWO DIFFERENT THINGS -- ONE IS NOT DONE BEFORE THE OTHER -- IT IS A RESULT.
12-3-2015 Newshound Guru tlm724 Any movement is awesome! This just proves that the IMF has their hands deep in this... This movement (loss in value) pushes the IQD closer to IMF compliance! We are so fortunate to witness this movement as Iraq is actually making the necessary changes to their monetary and currency reforms! The fact that it moved 16 pips is indeed a huge change for all of us! I am most excited! It moved! This also will make the citizens dump their dinars and thus creating less dinar on the streets and keeping speculators at bay, they won't like this and will act just like dumping bad stocks! This is actually a brilliant move...and comes on the heels of deleting the zero's IMO. I don't think 50 k note will come out! Can't wait to see what comes next!
12-3-2015 Newshound Guru firefly HUGE meeting last Nov 10th. Parliament reconvenes on the 8th. Tarriffs and taxes to be implemented on the 15th...I'm expecting Dec to be a VERY exciting month.
12-3-2015 **** Dinar Guru NEWSFLASH **** After not updating the official rate for about a week, the CBI updated yesterday with nothing new...now today they changed the rate to 1182. You can see the official CBI rate in the Dinar Guru Resource Bar on the left of this page. The CBI has not changed the rate in YEARS so this could be a step to something bigger. Lot's happening right now...If you are not on the Dinar Guru alert list, now is a good time...it's free as always and you get great information too...click here now to get signed up for free. Stay tuned for the latest guru updates as they chime in about the rate change, which will continue below...
12-2-2015 Newshound Guru wmawhite ...the need for a particular type/size of currency is directly related to the costs of goods in a country. The value of the country's currency directly affects the costs of goods in that country. So the size of the currency is indirectly related to the value of the currency. I have been trying to get folks to stop getting hung up on the size of the currency because, we will be Loooong Gooooone by the time all of the notes (LDs) are distributed because the new value of the IQD will need many many months to work its way through all of the Iraqi economy. Iraq is joining the world economic markets not the "in-country exchange window" market. Please stop thinking that [what] Iraq does in-country has anything to do with the world markets.
12-2-2015 Newshound/Intel Guru BGG ...they have had LD's printed and ready to use for quite some time...LD's won't be a hold-up...the only reason we see no LD's - is because they are of little use (currently)... when they are - we will see them. Ask yourself this - why would they print them and have them on hand, if they didn't intend to use them (eventually)?
12-2-2015 Newshound Guru Kaperoni Article quote: "According to a statement of the bank, "Eye Iraq News" received a copy of "The size of the amount sold today reached 179 million, and to $ 760 000, priced at 1166 dinars to the dollar exchange rate, with the participation of 24 banks and 16 financial company to convert." It is clear from this that the new price has not been reflected in the auctions yet.. So I would not assume the spread is in compliance. Once the new price changes, we may very well see the spread change accordingly.
12-2-2015 Newshound Guru wmawhite [can you comment on the cbi rate change?] Yes...interesting that the IMF has the CBI "by the hand" and this is the first move in how many years? Just speculation...get the Buy/Sell to a point that is stable in preparation for de-pegging from the dollar. ...we are at the point, IMO, that as the IMF has told the world that they expect Iraq to re-enter the "markets" by the first half of 2016. Nothing has changed. The world has been told what to expect. Knowing this, what has to change with the IQD in order for it to re-enter the "markets"? Answer: a tradable/recognized currency...that reflects the true value of Iraq.
12-2-2015 Newshound Guru Millionday THE REASON THAT THE CHANGE IS DONE IMO IN CBI FOR THE EXCHANGE RATE HAS BEEN TOLD TO US TWO DAYS AGO. THE FIRST THING IT IS SUPPOSED TO DO IS BE ADJUSTED FORMALLY FOR THE COST OF LIVING /INFLATION ETC. THAT WAS IN INK TWO DAYS AGO... THIS IS HUGE NEWS...GREAT NEWS. THIS MEANS THAT A STEP THEY STATED WAS TO BE DONE HAS BEEN DONE IN ONE DAY. WHEN HAS THAT HAPPENED? THEY LAYED OUT THE STEPS AND THE FIRST WAS A VALUE ADJUSTMENT --- THIS HAS BEEN DONE RIGHT AWAY. THIS IS THE FIRST STEP THEY WERE DISCUSSING -- SO KNOW I AM VERY EXCITED. THEY ARE DOING EXACTLY WHAT THEY SAID AND THAT IS NEWS IN ITSELF. THIS IS FAST MOVEMENT. THEY ARE WORKING AND MOVING -- THE TRIP TO BRUSSELS WAS CANCELLED TO VOTE IN THE BUDGET. THIS IS GREAT NEWS.
12-2-2015 Newshound Guru sczin11 THE CBI WEBSITE HAS...WELL, CHANGES AND...WOW! DINAR EXCHANGE RATE DOWN...CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000...MARKET RATE...POSTED AT 1214. DECEMBER 2, 2015.... IQD EXCHANGE RATE DOWN...WRONG DIRECTION? THIS IS ONE OF THE WEALTHIEST PIECES OF LAND IN THE WORLD! TRADE GLOBALLY IS A MUST. THE WORLD AGENCIES, INCLUDING, BUT NOT LIMITED TO THE IMF AND WORLD BANK, AS WELL AS THE INTERNATIONAL COMMUNITIES, ARE WELL AWARE OF THE STRUGGLE WITHIN THE POLITICAL SYSTEM OF IRAQ, YET THEY REFUSE TO ABANDON SHIP...THEY CONTINUE AT ALL COSTS, MONEY AND LIVES, TO STAND BY AND WAIT FOR CHANGE...AND FOR THIS REASON, AND THIS REASON ALONE, WE SHOULD ALL CONTINUE TO PERSEVERE! REMEMBER...FOLLOW THE MONEY!
12-2-2015 Newshound Guru OOTW DURING THE KOBER INSTITUTE INTERVIEW, ABADI WAS ASKED HOW IRAQ COULD EXPAND THEIR ECONOMY IN ORDER TO MEET / REPAY FINANCIAL OBLIGATIONS, VIA LOANS FROM OTHER COUNTRIES – AND HE SAID THAT THE PLAN WAS TO IMPLEMENT THE TARIFF'S AND GET THE PRIVATE SECTOR GOING...SO...THE 2016 BUDGET LAW HAS WITHIN IT, GUIDELINES STATING THAT THE TARIFF'S WILL BE IMPLEMENTED 2016 - WHEN IN 2016 IS ANYONE'S GUESS - BUT STILL, THIS IS VERY GOOD NEWS.
12-2-2015 Newshound Guru Kaperoni Article quote: "He stressed that the central bank «being reviewed in accordance with international standards." Which means they are working with the CBI to get them into compliance (Article VIII). It does not get really any clearer. There is no reason not to believe that over the next few months that the CBI will achieve compliance. The IMF and the world's best financial people will help the CBI. So despite what we all might think of Allaq, getting the banking system open and the dinar in Article VIII is now a priority. I think we all can agree, for the first time in a long time, Iraq has a clear goal for monetary policy. We just have to wait and watch. For someone like me who has been in this and watched lots of ups and downs, this is rather exciting.
12-2-2015 Newshound Guru wmawhite [...does Iraq have to be in Article 8 before they can have an internationally currency?] Article 8 is the "Good Housekeeping Seal of Approval" to the world financial institutions. There are some Iraqi economists that believe the value of the IQD will need to change in value prior to moving to Article 8. We shall see.
12-2-2015 Newshound Guru Kaperoni "new exchange rate from CBI" [Is this how they are working toward getting within the 2% spread?] Since 1182 + commission is the new official rate, 1214 market rate is at or about 2%.
12-2-2015 Newshound Guru wmawhite [the rate at the cbi has changed...its NOT 1166 anymore.] When you least expect it, an in conjunction with the IMF, the CBI makes a move to close the 2% spread between it and "street rate". [See the official CBI rate in the Dinar Guru Resource Bar on the left of this page...]
12-2-2015 Intel Guru Frank26 Dr. Shabibi is ready to show this new number in the middle of December…the 7-10 day could be for distribution across GLOBAL banks with the 1 to 1 by the first quarter of 2016...then by the end of the year (2016) they will be where they want to be...just ahead of Kuwait...at that point they will cap the rate…that is why it won’t be a free float. It has to be a managed float so they can cap it once they get to the point where they want otherwise with a free float they have to answer to the 2% growth and it would take like 10 years to get to that cap point. IMO when they cap this toward the end of next year I think they will be between 3.86 and 4.30. Parliament is back on the 8th of December, will the rate be affected if they don’t vote the budget in...yes if they don’t do the budget and don’t do the taxes and tariffs then this will delay things...we are confident this will happen... [post 2 of 2]
12-2-2015 Intel Guru Frank26 [via Aggiedad77] We’ve established that Dr. Shabibi is back at the helm...Dr. Shabibi wants this to happen at the beginning of a year or the middle of a year...he said give me a long weekend...they will be gone on holiday starting Wednesday night...all Thursday...all Friday...all Saturday...maybe even Sunday. Is this timing...yes...it is the perfect storm for the RI...the RI...has nothing to do with numbers...it is a qualification of their country to be introduced into an international market...that is why the IQD is not traded right now, because of the locked program rate...no sanctions left to be filled...all are lifted but there are articles under the IMF but it looks like they are fulfilling them. ...we think they will start about 40 cents for the citizens...then it may wait 7-10 days or may start right away...they may apply this new number in the middle of December. [post 1 of 2....stay tuned]
12-1-2015 Newshound/Intel Guru Arthur And most importantly, we now see the beginning of a special session to finally determine the mechanisms for fair distribution of give and take between the center and the region as well all the entirety of the Iraqi provinces via the HCL agreement that is by all indications embedded within the 2016 budget that has been targeted to be completed in this month of December 2015. It is now quite evident that the IMF/UN and other controlling PTB entities including China who is now to have a prominent role in the SDR basket of world currencies which will forever change the international economic landscape as we know it putting new pro RV pressures on the Authors Of The Plan that tell us that the mother of all RV windows has emerged between NOW and Jan 15th of 2016. [post 3 of 3]
12-1-2015 Newshound/Intel Guru Arthur There are many factors too numerous to count that makes this EOY totally different than others, but one thing we know for sure is we have never seen a working, full blown and implemented budget in Iraq because conditions have never been conducive in this factionally divided nation for that to occur until now. Think back to a few years ago when Shabibi himself said that he would RV the currency if there was the requisite level of economic and security stability. Now think where we are now. No more do we here about provinces falling to ISIS and fear of green zone encroachment but just the opposite that they are defeating ISIS at every turn with the help of PTB air strikes. We have seen the purchase of major tonnage of gold over the past several months to back the asset back IQD and a systematic diminution of the note count to make way for the LD's that by all indication are now ready to be distributed. [post 2 of 3....stay tuned]
12-1-2015 Newshound/Intel Guru Arthur Its probably a good thing that we are so numb to this now so that this highly anticipated and exciting moment is going relatively under the radar. In all the years prior most people were really hyped excited as we got close to the 1st of the year and a lot of those years it was just unwarranted excitement driven by rumors. But I am here to tell you, even without referring to the outstanding positive intel I am getting from places that have never been this RV positive before, that EVERYTHING we are seeing at this particular moment in time points toward some positive change in the status quo as we have known it for all these years. [post 1 of 3....stay tuned]
12-1-2015 Newshound Guru wmawhite The IMF has stated that Iraq needs to have the "free flow of currencies" and that they (IMF) expects Iraq to re-enter the economy market prior to the first half of 2016. Now, think this through. How well will Iraq do if they are required to have the "free flow of currencies" if business/investors are not able to exchange currencies freely. Instead, they will only have windows that open and close? ...and when the status of the IQD changes... when Iraq (meaning) it's currency is back on the world economic stage it must be free flowing...there are none of these opening and closing of windows... there are none of these "sucker" rates. Zero.
12-1-2015 Intel/Newshound Guru tman23 Do not know why [Guru Randy] Koonce would say there are no 50k notes...Yes they have not released them...BUT...Central Banks do not advertise to their citizens a NEW NOTE and describe the NEW SECURITY FEATURES unless they are ready for release... And there will be no sucker rate... I can bust that theory in a hundred pieces of why it can't... But I do agree that from 12/15 -1/10 ...The window is open to show itself...and that window will close fairly quick...and the suckers will be the ones the window closes on. [reference Guru Randy Koonce post 12-1-15]
12-1-2015 Newshound/Intel Guru Randy Koonce If you want to try and follow anything in the paper there is only 2 things that matter and that is the tariffs and the payment of Salaries these things have never happened. Before they collect the tariffs they need the RV, before they pay the Salaries they need the RV, before they Pay any country with other than oil that they already have dedicated they need the RV. Kurds have not been paid... I do not post unless there is a chance for it to happen... and we are in a window until Christmas... Just remember it is not a matter of If just a matter of when...this is set to go at anytime, but the political figures involved IRAQ and Obama have to say go. On the Rate it will come out 1 to 1. Obama would not sign off on their budget rate...creating a provisional budget for Iraq...at the dollar rate... 120 to 160 days after the rate will RV again... to the 3 dollar rate...the reason for this is to get all the people out that have 1 mill or less to dump there dinar at a low rate... thus preventing a wealthy class. We are close.. Every large bank will exchange. RELAX the RV is coming...Breathe... [post 2 of 2]
12-1-2015 Newshound/Intel Guru Randy Koonce I am sending a note out to give everyone an idea of the place they are in. There is a little window that is open between now and Christmas. I know everyone wants to have a back door but there is no such thing, can anyone say why, well because this is just an RV that is controlled by Iraq and Iraq alone... There is no Global reset that we are waiting on we are not waiting on China or any other country Just on Iraq to RV their currency...China becoming a reserve currency has ZERO to do with the RV... I will talk about the 2 monkeys in the room... the 50K and the 100K notes. First off there is no new Bills anywhere... the article about the big bills is 6 to 7 years old and resurface ever so often. Since I have been in the dinar I have seen the articles at least 4 times. Please keep in mind ALL BILLS have been printed since 2004 there is no new currency. When articles mention NEW currency it is the low bills and that is all...I have contacts in local banks in Baghdad and they did not receive any large notes... [post 1 of 2....stay tuned]
12-1-2015 Newshound Guru Millionday [can they really wait another month?] THIS IS IRAQ AND THE PROCESS NEEDS TO BE VERY ACCURATE – SEEMS LIKE THE MOVE TO THE MARKET SHOULD BE DONE PERFECTLY WITH NO MISTAKES. THEY HAVE CALLED FOR THE ECONOMIC LEGISLATION THOUGH AND THE 2016 BUDGET BEING DONE --- WE HAVE TO WAIT BUT THINGS ARE LOOKING VERY ENCOURAGING IMO.
12-1-2015 Newshound Guru Kaperoni Article: "The issuance of new currency category 50 000 ... do you raise the value of the dinar or reduce it?" ...I recall a chart...that showed the physical notes in circulation. The 250, 500, 1000, 5000 were minimal compared to the 10k and mainly 25k's. These 50k's will be used IMO to reduce the 25k's. If you think about it, if the majority of notes are 25k, and you can cut the amount in circulation by 50%, that is substantial. I have stated before and will again...I think this is a way to reduce the notes, and strengthen the dinar in the market (reduce the spread and create demand) before they move to the float and begin to allow the value to rise. I think we can say with some certainty that the CBI and IMF are now working not only to overcome the one remaining restriction (2% spread), but move the banking system to the next level which is what we all want. I do not believe that is as far off as some believe... remember the IMF only signed a one year deal to help.
12-1-2015 Newshound Guru Enorrste This will reduce the total value of the money supply from 40 trillion dinars to 40 billion dinars over time. In the process of reducing the value of the money supply the value of an individual dinar rises. It is this rise that will increase demand for dinars as opposed to dollars. The savy Iraqi will see that, over time, he gets "more bang for his dinar" than he does for his buck. It is through this second method that the CBI will raise the value of the dinar. The introduction of the 50k note in and of itself has no affect on the value of the dinar... It is only the second action, a further reduction in paper and value of the total money supply, that will raise the value of the dinar and through that process reduce the demand for dollars. As the demand for dollars is reduced the reserves of Iraq are made more secure, which will also help support the rising value of the dinar. [post 2 of 2]
12-1-2015 Newshound Guru Enorrste ...the CBI plan is two-fold: first to reduce the paper count from 4 billion notes to 1 billion notes: and second to reduce the total money supply from 40 trillion dinars to 40 billion dinars. The introduction of the larger 50k and 100k notes in itself only deals with the first objective, reducing the paper count. However, this alone would not reduce the paper from 4 billion pieces to 1 billion. At most it might reduce them from 4 billion to 2 billion, and probably not even that much since there are also the 1000, 5,000, and 10000 dinar notes in circulation. Therefore, in addition to the even exchange (two 25k notes for one 50k note, for instance), the CBI will also be reducing the circulation even farther by removing 25k notes directly from the market. [post 1 of 2....stay tuned]
12-1-2015 Newshound Guru Millionday THE MOVE NOW IS TO GO FORWARD WITH ALL REFORMS AND SADR REAPPEARS ASKING FOR ABADI TO MOVE FORWARD WITH THEM NOW AS WELL. THE REFORMS ARE CONSTITUTIONALLY COMPLIANT -- THE CONSTITUTION GIVES THE RIGHT TO IRAQIS TO FLOURISH AND THE PROMISE OF THE GOV TO MAKE THAT POSSIBLE. SO THE MOVE NOW IS ITS DEVELOPMENT AND RELATIONS WITH THE WORLD -- EXPANDING REFORMS AND OF COURSE ACTIVATING THEM THROUGH THE LEGISLATION CALLED FOR AND THE HARD WORK PUT FORTH. [TIME FOR AN RV TRAIN? NO DATE OR RATE OF COURSE...] I DON'T KNOW THE DATE BUT HEAR SOMETHING AROUND THE BEND.
12-1-2015 Intel/Newshound Guru Mnt Goat Article quote: “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes... The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes -- a 50,000 dinar note before the end of this year and 100,000 banknote next year and canceling small ones”. So what does this tell us? It tells us they are right on track with their plan for currency reform when the 50k notes was launched (in November just before the end of “this” year - 2015)... ...there is a lot good news and its is all still pointing us in the right direction. It can only get better as time progresses. Like a detective searching for clues this RV saga can be exciting too. Let’s see what happens next as we enter the last month of December and then 2016.
11-30-2015 Intel/Newshound Guru tman23 One of the things that troubled me was folks saying...Oh if it comes out at 67 cents I will wait 30 days ...And my point to everyone is beware of the options or what could happen...Because everyone is calling for a rate...I am saying they can do it and RV but it would be a short window to exchange because there are no lower denoms...So if you missed the 67 cent window...you may get a 1.50 window but without the 3 zeros in the exchange rate.
11-30-2015 Intel/Newshound Guru Poppy3 NOTHING IRAQ HAS DONE FOR 3 MONTHS EVERY MEETING, EVERY DAY, THEY WOULD NOT NEEDED TO DO IF THEY WHERE NOT PREPARING TO RAISE THE RATE OF DINAR AND JOIN THE GLOBAL MARKETS. ...NOT ONE THING WAS NEEDED EXCEPT TO GO GLOBAL.
11-30-2015 Newshound Guru firefly NOBODY knows the date but I'm sticking with TIMING! Iraq needs to make certain that all the numbers are correct. One glitch could be disastrous for them and the countries that support them...so yes TIMING. And IMO the clock is about to strike 12. [so timing = when they're good and ready.] IMO they ARE ready.
11-30-2015 Intel/Newshound Guru Poppy3 [Abadi AND Saleh both told us in Dec of 2013 that the deletion of zeros PROJECT will occur in 2015.] THAT WAS THEIR TARGET AND THEY ARE VERY CLOSE. WE CAN ONLY PRAY THEY REACH THE END OF THE MUST COMPLETE LIST IN TIME TO MAKE IT.
11-30-2015 Newshound Guru Aggiedad77 Article: "Jubouri cancels his visit to Brussels because he is busy passage of the budget" Well I would say that is a prudent business decision on Jubouri's part to stay and work on getting the 2016 budget passed. Is this yet a breath of fresh air for the Iraqi Parliament to have their priorities straight for a change...I'm hoping so...would be nice to see the budget approved before the end of this year.
11-30-2015 Intel/Newshound Guru Backdoc HANG ON TO YOUR HATS, SEATS, AND TICKETS, FOLKS, THE SDR TRAIN IS ABOUT TO ROLL! MY EYES WILL BE FOCUSED ON THE WEE HOURS OF THE 7TH GOING INTO THE 8TH. IF ALL GOES WELL, BY MID DECEMBER WE WILL SEE OUR DECEMBER TO REMEMBER WITH AN INTERNATIONAL LIVE RATE OF MANY CURRENCIES! DON’T BE IN A HURRY TO SWAP YOUR CURRENCY THEN, JUST LET THE REAL VALUE CLIMB! BY THE END OF THE FIRST 90 DAYS YOU WILL SEE THE INTERNATIONAL RATE REACH MATURITY TO RI STATUS. IMO I THINK THERE WILL BE A MUCH HIGHER RV (REVALUE) RATE MONTHS LATER. TIME WILL TELL.
11-30-2015 Newshound Guru Kaperoni I think it is reasonable to say that it will take a long time to stop the problem if status quo was the plan and because it is so rampant. That being said, I do not think the status quo is the plan now that the IMF is involved and we will see a solid attempt to meet Article VIII guidelines. Currency reform is key to a market economy. There is no way around that...you cannot do one without the other. And for that very reason, I remain optimistic that currency reform will begin to occur within the next several months. ...the IMF is overseeing monetary policy now and that should be some re-assurance to us all. [post 2 of 2]
11-30-2015 Newshound Guru Kaperoni We all have talked about the auctions to death... In order to get in compliance, the CBI cannot restrict sales of the dollar. If they do, the spread increases. If they don't, the sales go higher due to corruption which depletes reserves. Plugs in the sinking boat don’t work. The only way is to bite the head of the snake off which is to deal with the corruption. And in recent weeks, though slow, there has been some progress with trying to stop the smuggling, sales to ISIS,etc. With the IMF overlooking this, at least there is an attempt and some progress in that direction. [post 1 of 2....stay tuned]
11-30-2015 Newshound Guru Millionday CBI HAS ASKED FOR THE LAWS TO BE ENACTED TO ENSURE STABILITY WITH THEIR RATE IN THE >>> MARKETS. IT IS VERY VERY POSITIVE -- HUGE NEWS -- HEADED FOR MARKETS -- WHOOOPOW. THE LEGISLATION HAS BEEN CALLED ON THE BE ACTIVATED... TIME TO ENACT ALL THE ECONOMIC LAWS IS ANOTHER REASON I SAID WHAT I DID LAST NIGHT. [Reference Guru Millionday post 11-29-2015] EVEN THOUGH THE ECONOMY NEEDS ALL NEW REFORMS THEY COULD NOT JUST MOVE FORWARD BUT HAD TO ENSURE ACCURACY SO THE POINT NOW THAT THE LEGISLATION IS CALLED FOR ENACTMENT IS HUGE WHOOPOW.
11-30-2015 Newshound Guru Adam Montana I know you've been watching the news and my updates...And the way Iraq is going... this should be the last one, or at least CLOSE to the last one! Chapter 7... long gone. GOI... SUPER stable! The last key is HCL... and it's COMING SOON.
11-29-2015 Newshound Guru Poppy3 PEOPLE CLAIMING 36 PLUS TRILLION IN CIRCULATION... WRONG...FAR LESS IN CIRCULATION. THINK ABOUT IT…MOST OF THE DINAR IS BEING HELD IN RESERVE FOR WAR RETRIBUTION AND WILL CONTINUED TO BE HELD POST RV IN RESERVE FOR MANY COUNTRIES. THE VERY MINUTE AMOUNT WE HOLD AND ACTUALLY IN CIRCULATION IS SMALL CHANGE. REMEMBER BUSH TOLD AMERICAN TAX PAYERS WOULD NOT HAVE TO PAY FOR THE WAR IN IRAQ. HE SAID THAT AFTER CHENEY AND GREENSPAN CONVINCED HIM TO SIGN THE DEAL THEY NEGOTIATED WITH IRAQ AND HE THEN SIGNED 13303 SO MANY AMERICANS COULD TAKE ADVANTAGE. THAT WOULD Also HELP THE STRENGTH OF THE USD AND BOOST THE ECONOMY POST RV. WE ARE ON SCHEDULE RELAX– THE BLESSING IS COMING.
11-29-2015 Intel Guru SteveI [How do you think the RV process will unfold and what indicators should we be looking for?] Indicators will be completed security within Iraq. Look for the final undertaking and freeing Mosul. [Could you give any updates on the progress at Mousil?] ...according to our sources, all troops will have everything under control...within a few weeks. They need to finish security in the country and then things will move very quickly.
11-29-2015 Newshound Guru tlm724 as much as I don't trust ole Ali ALak it would appear the IMF is on his azz about regulations etc.. which is great! things are moving in the right direction.
11-29-2015 Intel/Newshound Guru Poppy3 IRAQ SIGNING MILLIONS IN NEW CONTRACTS ALMOST DAILY. NEW RATE HAS TO BE GETTING CLOSE --- Wood Group has won a new contract worth approximately $90 million to deliver services to one of the world’s leading blue-chip international oil companies (IOC) in Iraq. Article quote "Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex ship-to-shore cranes (STS) and three Terex rubber-tyred gantry cranes (RTG)." MORE PURCHASES SPENDING IT LIKE WATER. RATE MUST BE CLOSE FRIENDS.
11-29-2015 Newshound Guru rcookie THEY HAVE SAID THE 3 ZERO NOTES WILL AND HAVE BEEN TAKEN IN AND DESTROYED...AND THAT THERE IS A BEYOND CRITICAL LEVEL OF LIQUIDITY FOR BOTH CURRENCIES...AND HAVE COMPLETE ACCOUNTABILITY OF NOTES OUTSIDE THE COUNTRY.
11-29-2015 Newshound Guru wmawhite ...the Central Bank of Iraq (CBI) has been selling its most valuable asset, its gold, in order to buy currency off of the streets. If the CBI was going to LOP/strike the zeros from its own currency why would they use their gold to buy the very notes from the citizens? If the CBI was going to LOP it would just tell the world to forget it...the notes are no longer worth anything. ...stop concentrating on the size of the notes...again, when the smaller notes (LDs) finally arrive on the streets we will be long gone...when they are distributed, that means the change in value of the IQD has finally brought the costs of goods down far enough that they no longer need large notes and instead they need smaller notes to use. ...25,000 IQD will always be worth ONLY 25,000 IQD inside Iraq. The IQD will change in value only outside the boarders of Iraq.
11-29-2015 Intel/Newshound Guru tman23 It really is a simple idea... 1,ooo... 5,ooo... 10,ooo... 25,ooo... 50,ooo...The 3 zero notes will run along side the new notes 1... 5... 10... 25... 50... They will have the same value. The 50 dinar note was pulled from circulation and ended exchange 4/30/15...you can still exchange them but need to go directly to the CBI to do so. The 50 note would have been a conflict with the 50,ooo note because the ZEROS are not going to be counted in exchange when they lift the 3 zeros from the notes. Call it whatever you want...A lop...lifting 3 zeros... deleting 3 zeros. They have said in articles time and time again that the 3 zero notes will run along side the new notes. If anyone believes that there are going to be 3 zero notes worth tens of thousands of dollars (which by the way 3 zero notes are in abundance)...floating around the globe for a long period of time...1 month or 2 years is seriously mistaken.
11-29-2015 Newshound Guru Millionday [WHATS THE ONE THING WE ARE WAITING ON...?] THE ONE THING IN MY OPINION THAT WE ARE WAITING ON IS THE NUMBER TO CHANGE. I HAVE SPENT A LOT OF TIME RESEARCHING... AND HAVE TO SAY -- THE ONLY THING I AM WAITING ON IS THE NUMBER AT THIS POINT. THIS WHOLE WEEK THEY HAVE HAD HUGE WORKSHOPS THAT HAVE INSTRUCTED THE TAX SYSTEM SO ALL CAN UNDERSTAND FOR THE ADVANCEMENT OF THE BUSINESS INVESTORS AND ALSO THE PRIVATE SECTOR. UNDERSTAND ALL THAT NEEDS TO BE DONE IS ACHIEVED BY ALL THE REFORMS -- THE REVALUE FROM THE ENTRY TO THE GLOBAL TRADE -FREE TRADE -- INTERNATIONAL EQUATION ETC -- ALSO ALL THE NEW FINANCIAL LAWS IN PLACE. WE ARE Waiting on number to change and no no no no lop imo.
11-28-2015 Intel/Newshound Guru Poppy3 KUWAITY DINAR WAS AT $2.18 WHEN THEIR WAR ENDED AND WAS DROPPING, COUNT THE YEARS AND SEE THEM TODAY EVEN WITH THE WAR NEXT DOOR FOR YEARS AND THEY HAVE RISEN BACK UP TO TODAY AT $3.55 AND STEADY THIS SHOWS WHAT OUR DINAR CAN AND WILL DO AT ANYTIME.
11-28-2015 Newshound Guru firefly They need to give a window to exchange. Be it 3 months or 2 yrs. Not sure how long we will have but they can't just cut the currency.
11-28-2015 Intel Guru Frank26 "Current UN Operational Rates of Exchange: Iraq IQD Iraqi Dinar 1170 01 Dec 2015" IMO, significant find because just the fact that this is the first time the U.N. has posted and recognized the Iraq Dinar since March 1, 2010 says something-even though the rate is 1170...something is about to change...soooon!
11-28-2015 Intel/Newshound Guru Poppy3 I FEEL EXACTLY ABOUT THE RV AS I HAVE FOR MONTHS. IT IS A FOREGONE CONCLUSION... IT IS HAPPENING AS WE SPEAK AND WAS TOLD THE SITUATION ABOUT 4 MONTHS AGO FROM A MAN THAT KNOWS IN FACT THE DAY BEFORE I WAS PRIVILEGED TO BE ON A CALL WITH HIM HE HAD ADDRESSED CONGRESS. HE SAID ALL THE LEADERS OF IRAQ HAVE MET IN A PRIVATE MEETING. THE IMF HAD GIVEN THEM THE LIST OF ALL REQUIRED THINGS FOR EACH OF THEM AND WHEN THEY COMPLETE THAT LIST THE RV WILL SHOW AND NOT BEFORE... THEY ARE MAKING PROGRESS AND WILL COMPLETE THE JOB ASAP FOR THEMSELVES SO THEY ARE WORKING FOR ME AND YOU EVERYDAY. WE DONT KNOW THE LIST AND CAN'T INFLUENCE IT SO RELAX THEY WILL BRING IT TO YOU SOON.
11-28-2015 Newshound Guru firefly They are/were amending existing laws that are already in the Law Library but were never activated due to the corruption of the previous regime. Last public update was Aug 13th...3 months ago...well, nearly 4 months now and those were amendments also. IMO we may never hear or made aware of any activations. The laws are already in there!
11-28-2015 Intel Guru SteveI [do we need to exchange our 25,000 we have not for the 50,000 or just in country?] Absolutely NOT! This is an in country only. I talked to may sources and I want to put this to rest now. The 50K has been in the works for awhile and was to draw the lower three zeros in due to the counterfeiting. This was forces by the CBI and all of the citizens have been aware of this process. This was a plan not just a matter of fact. All is good.
11-28-2015 Intel/Newshound Guru tman23 No idea what rate...only that they are talking about lifting the 3 zeros and hope we have the opportunity to catch the window of exchange before 3 zeros are lifted from the exchange on the nominal value of the notes themselves. The 50k notes are a real concern...And as I said IMO...they are not good for us...no matter who tries to spin it, it doesn't spin! But glad to see they held off on the release of the notes...which is good for us IMO.
11-27-15 Newshound Guru wmawhite [u r talkin Dec to enter the world market?] The translation from the IMF came out a couple of different ways. I read it has an expectation the IMF has that Iraq will be re-entering the global markets sometime within the first half of 2016. In order to do so what does Iraq need to have? Answer: a currency it calls its own with a value that reflect the true wealth of Iraq. I don't think they are waiting on anything...it is evident that the CBI/GOI/IMF plus a few we don't know about have been working together to bring...as the IMF said, bring Iraq back into the economic markets by sometime during the first half of 2016. Iraq want the world to know...they want all folks to see them as a great place to invests. They want the IQD to be used worldwide...because that runs the value of the IQD up.
11-27-2015 Newshound Guru firefly It is definitely a plan and IMO they have run out of time. I'm still expecting a lot of misleading and recycled material this month. Dec should be very exciting. IMO...Do or die.
11-27-2015 Intel/Newshound Guru Mnt Goat So are they now telling us they are recalling these 50k notes. It appears they are very confused about what to do about these notes. Instead of sticking to a plan they cave into political pressures and spoil their plan. We just have to watch and see how this all plays out. But one thing we do know for sure is their plan and how they began to execute it. It also appears there is some timeline lurking on the 2016 horizon that Iraq knows it must face if they do not get this currency issue straight and fix it before. ...tic, toc, tic, toc... [post 2 of 2]
11-27-2015 Intel/Newshound Guru Mnt Goat I still feel we are very close to the ultimate RV but now the process is stalled again. We know from at least three articles that came from the CBI and the Ministry of Finance that in fact they did launch the 50k notes already. I have friends in Iraq too that have them. They even released pictures of them to me. So since we have FACTUAL evidence they already launched the 50k notes then how in hell can they now be just “postponing” the launching till early next year? Does not make any sense...
[post 1 of 2....stay tuned]
11-27-2015 Newshound Guru firefly sure as heck won't be 86 cents since that is based off the program rate and a program rate is NOT a real rate...it is an imposed rate by the IMF...remember, the IQD is the only currency in the past 10 plus yrs that has never decreased in value. just remember, the lowest currency in the ME is 20 something cents so forget this stupid 10 cent speculation.
11-27-2015 Intel/Newshound Guru Backdoc NOW FOR SOMETHING REALLY IMPORTANT THAT YOU MIGHT NOT KNOW. IRAN AND RUSSIA ARE PREPARING TO DO CURRENCY SWAPS IN TWO TO THREE WEEKS! WHY WOULD THEY WANT TO DO THIS? THAT TIME FRAME TAKES US TO MID-DECEMBER! ...BOTH THE RIAL AND THE DINAR CURRENCIES SHOULD SHOW UP IN THE PUBLIC VENUE AROUND THAT TWO TO THREE WEEK PERIOD SINCE NEITHER WILL GET AN ADVANTAGE OF LAUNCH OVER THE OTHER! OTHERWISE, FINANCIAL DAMAGE COULD BE DONE TO EACH OTHERS’ CURRENCY IF THEY DON’T LAUNCH TOGETHER! WELL, WE ARE CERTAINLY EXCITED BY FACTS THAT TELL A STORY AND I LIKE THE WORDS IN THIS STORY! I EXPECT THIS COMING DECEMBER WILL BE A DECEMBER TO REMEMBER!
11-27-2015 Intel/Newshound Guru tman23 Iraq is on a schedule and they have not missed any dates...What some perceive as missed are only speculations as to what is happening. ...they are on a schedule...IRAQ is in BIG TROUBLE if they do not move quickly.
11-26-2015 Newshound Guru firefly Can't have border Tariffs without a rate that is NOT a program rate. Interesting the 50k notes have been postponed also. Supposedly till 2016. December should be VERY interesting. ...things are looking VERY promising.
11-26-2015 Newshound Guru OOTW Press Release quote: "it is important to take action group to impose customs correctly, and we us the imposition of customs for several reasons, including lack of control over all the ports and in order not to exploit the situation by some to while placing the mechanics are correct." THIS PRESS RELEASE FROM ABADI, VIA THE COM SITE, IS VERY GOOD, ESPECIALLY WHEN COMBINED WITH THE SECTIONS FROM THE BUDGET AMENDMENTS WHICH INCLUDED CONFIRMATION THAT THE TARIFFS WILL BE IMPLEMENTED IN 2016...ANYTHING WRITTEN INTO THE BUDGET - WHEN PASSED - BECOMES A LAW.
11-26-2015 Intel/Newshound Guru Poppy3 ...ABSOLUTELY EVERYTHING, EVERY LAW, EVERY MEETING, EVERY POLITICAL MOVE WOULD BE ABSOLUTELY UNNECESSARY IF THERE WAS NO PLANS TO RAISE THE VALUE OF THE DINAR. THINK ABOUT IT. WITHOUT PLANNING TO RAISE THE 3 ZERO MONEY AND GO TO A GLOBAL MARKET WITH THEIR DINAR NONE OF THEIR PROCESS OF THE LAST THREE MONTHS WOULD HAVE BEEN NECESSARY...
11-26-2015 Intel/Newshound Guru tman23 What I am told...Parliament will recess on December 1st and reconvene on the 8th. They are expected to have the laws ready for the Minister of Justice to publish in the Library of Law. The Minister publishes the passed laws and amendments for the year every December...
11-25-2015 Intel/Newshound Guru Poppy3 [I am starting [to think] that they have been removing the notes for a while now and that there is much less in curculation then what they are reporting?] FAR LESS IN CIRCULATION... THINK ABOUT IT...MOST OF THE DINAR IS BEING HELD IN RESERVE FOR WAR RETRIBUTION AND WILL CONTINUED TO BE HELD POST RV IN RESERVE FOR MANY COUNTRIES. THE VERY MINUTE AMOUNT WE HOLD AND ACTUALLY IN CIRCULATION IS SMALL CHANGE. REMEMBER BUSH TOLD AMERICAN TAX PAYERS WOULD NOT HAVE TO PAY FOR THE WAR IN IRAQ. HE SAID THAT AFTER CHENEY AND GREENSPAN CONVINCED HIM TO SIGN THE DEAL THEY NEGOTIATED WITH IRAQ AND HE THEN SIGNED 13303 SO MANY AMERICANS COULD TAKE ADVANTAGE. THAT WOULD Also HELP THE STRENGTH OF THE USD AND BOOST THE ECONOMY POST RV. WE ARE ON SCHEDULE RELAX-- THE BLESSING IS COMING.
11-25-2015 Intel/Newshound Guru Mnt Goat [I'm hearing you tell us that you expect the RV to happen prior to launching the 2016 Budget and this should happen in early December. But what does it mean when they commonly refer to "by mid 2016" This almost looks like the RV will happen sometime in early 2016?] I never tied the RV to the passing of the budget. I did say it was my “opinion” it would only make sense to RV prior to the budget being opened in 2016. I personally believe they want to target 2016 as a fresh start and attempt to get on this new currency with a new value.
11-25-2015 Intel Guru SteveI [Praying for a Dec 1 RV!] I do not think December 1st because they need to wrap up controlling ISIS in Mousl. But once that is done, start looking...
11-25-2015 Intel/Newshound Guru Mnt Goat I want to clarify all the talk about the IMF and the FACT they are working closely with Iraq to resolve their economic issues, one of which is the currency reform. I firmly believe this is the reason we are seeing the recent push to get everything completed in a timely manner. ...they will have to launch the LOWER DENOMINATIONS very soon along with a significant increase in the rate of their currency. Why? Because the need to collect these 3 zero notes and they need to do it now thus must give the citizens an incentive to do so. The incentive is to make them worth more than the US dollar. The plan is to increase the value to 90 cents - $1.14. You will probably not see this rate at the exchanges as it will happen suddenly and IS NOT THE RV...nor is it a FLOAT. It is simply the CBI determining to raise the value of the dinar and is an in-country rate increase. It is a temporary measure as the full RV will follow 4-7 days later.
11-25-2015 Newshound Guru Breitling …Let’s say they do retire the 25K note…what would the process be? The same thing that happened with the 50 dinar note…there would be a window where you can exchange that note for the other notes…they are not cutting you off. I got an email saying, …”they are going to get rid of the 25K notes…there’s a group and they will take the 25K notes and they are going to give $5 per dinar…” Here’s the problem…and this is the nicest I can be if you’re that stupid then you are that stupid. You want to give somebody your dinar and hope that you are going to get $5 a dinar cause you’re a special group then you deserve whatever happens to you. I’m not the detective for stupidity. They are not going to get rid of the 25k notes without letting anybody go through the process of exchanging them. You don’t need to worry about the 25K note being retired. If that’s what’s going to happen coming down the road then we just go through the process of exchange for the next notes that are available. And it’s NEVER not been that way. I’ve never seen a country retire a note and not give people the opportunity to exchange it…it just does not exist. [post 2 of 2]
11-25-2015 Newshound Guru Breitling I want to crush the skepticism that’s out there. Are they going to retire the 25k notes…are they going to lop? Let’s go through this real quick. If they were simply going to get rid of the notes with the three zeros on them all they have to do is retire them…that’s it. ["Instead"-b] They have been reducing the note count. Which tells you the value of what we have. And lately what have they been doing? They’ve been using their gold reserve to sponge up what you and I have. What’s interesting though an article says “CBI an existing project to delete the zeros “ well if they are deleting zeros off the currency why are they issuing 50,000 notes? Does that make sense to anybody? Obviously it means they are getting rid of the zeros off the rate. It couldn’t be in your face more clearer than that. What’s the worst case scenario that can happen for you here?… [Post 1 of 2 stay tuned for the rest of the story
11-25-2015 Newshound Guru firefly This was never meant to be a get rich overnight scheme...but a plan...I am very excited right now.
11-25-2015 Intel/Newshound Guru Poppy3 the market on gas is exactly what was predicted. I REPORTED THREE YEARS AGO AND LATER WSJ [Wall Street Journal?] STATED THAT AS SOON AS IRAQ OIL STARTED SHIPPING AGAIN ON THE INTERNATIONAL MARKETS OIL WOULD DROP BECAUSE THE MARKET WOULD BE FLOODED. THEY PREDICTED AT AROUND 1.69 AND LEVEL OUT. IT HAS HIT THAT ALREADY IN MANY PLACES. ALL THE BULL THEY HAVE [BEEN] PUTTING OUT THAT THE DROP IN OIL HAS BEEN A REASON FOR THEIR CRSIS IS A JOKE. THEY HAVE KNOWN FOR YEARS WHERE THE PRICE WOULD FALL AND WHEN. REMEMBER RICH FRIENDS WHEN SADDAM HAD THE RATE AT $3.22 THE OIL PRICES THEN WAS $32.00 A BARREL. ALL IS LOOKING VERY GOOD...TIME IS MOVING OUR DIRECTION FAST.
11-25-2015 Intel Guru Frank26 I think the RI into the RV next year...it is going to take the currency towards the end of next year where they will have to cap it between 3.86 and maybe 4.25...high numbers with a very good exchange rate... ...RI starting next month...between the RI and RV will be about 7-10 day...starting around 40 cents...taking us into next year...the first quarter...it could still be at the program rate, introduced as the international rate but changed instantly... Then we will see it change in that first quarter...become 1 to 1...because of the currency in the basket it will sit in...the USD that is now hitting 1.00. ...the game has started. [post 3 of 3]
11-25-2015 Intel Guru Frank26 Dr. Shabibi’s plan was to introduce the 500 the 250 IQD...they will phase out the 000’s...yes the 25k, 10k, 5k, 1k...this is Dr. Shabibi’s work...they will introduce the LD’s...yes...but it is not Dr. Shabibi’s work to bring out the 50k’s...not his process. They may still tell you they will bring out 50k’s and 100k’s but let Dr. Shabibi tell you that next year for 2017 but not for the RI but for the RV. We already know what Dr. Shabibi should do on the 15th and into next year. Dr. Shabibi now stands at the helm of the CBI just watch for this to be announced. [post 2 of 3....stay tuned]
11-25-2015 Intel Guru Frank26 [via Aggiedad77] last week...I talked about...The 50k’s have a purpose...to lift the 000’s from the citizens...we thought they were coming in, exchanging their 2 25k’s for a 50k but something didn’t seem right...it makes no sense. So why put the 50k’s out...it was a stupid mistake by some stupid man. Wasn’t this Dr. Shabibi’s idea to bring in the 000’s... Then sure enough...you see an article from Dr. Shabibi...what does he say...that he’s postponing the distribution of the 50k’s in 2015...why...because it is a stupid mistake by a stupid man...by Allak. Allak who back at the beginning of 2014 was working for Maliki who did not want the IQD to go up in value because then how could he continue to steal and counterfeit things for him and his boss. [post 1 of 3....stay tuned]
11-24-2015 Newshound Guru Aggiedad77 URGENT FROM IRAQIA TV: "Central Bank postponed the launch of the 50000 until next year!" [Does this mean that they have removed enough of the 25,000's from the citizens hence the delay?] ...makes you wonder what they might be up to...but I sense something beneficial.
11-24-2015 Intel Guru DELTA URGENT FROM IRAQIA TV: "Central Bank postponed the launch of the 50000 until next year!" ...WE ARE TRYING TO GET YOU MORE INFO.
11-24-2015 Intel Guru SteveI Article quote: "...the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars..." Look who is promoting the new currency and valuation now, yes Iraq themselves. Pack your bags and get ready. This is so "IN our faces". The IMF has told the world that they expect Iraq to re-enter the "market" before the first half of 2016. Now we have a member of the Parliamentary Finance Committee while speaking about future revenue happen to say "oh, by the way the 1, 5, 10, 20 and 100 IQD notes are going to be distributed during 2016." It certainly appears to me that they (Iraq, CBI, GOI) intend to change the value of the IQD...I believe, unlike previous years, and I have never liked dates, but in this case the window of opportunity starts January 1, 2016. This info is just huge. ...the time has come and start preparing for our lives to change.
11-24-2015 Intel/Newshound Guru Mnt Goat ...the 50k notes are a TOOL. First they will be used them to draw in the 10k and 25k notes thus reducing the money supply. When you reduce the money supply↓?, the rate goes up↑. By doing this it will allow them to drive up the rate to .90 - $1.14 as I said it will come out for IN COUNTRY OF IRAQ ONLY. When they come out with the .90 - $1.14 rate the citizens will gladly exchange the 50k (a three zero note) for the lower denominations if they are worth more. Get it? Then going forward these 50k notes will be stored by the banks and use solely for interbanking and international trading transactions – now out of the hands of the citizens.
11-24-2015 Newshound Guru Millionday THEY HAVE LARGE DENOMINATIONS NOW BUT THEY DO NOT HAVE THE SECURITY THAT THE NEW BILLS HAVE -- THIS WILL PREVENT COUNTERFEITING AND COMPLETE THE DINAR STRUCTURE. THEY WILL ALSO HAVE A 100,000 DINAR NOTE AS THEY BACK IN VALUE THE CURRENCY SERIES THEY HAVE NEW WITH KURDISH PRINT AND THIS IS ALSO PART OF THE REMOVAL OF THE THREE ZERO CURRENCY PROCESS. [part 2 of 2]
11-24-2015 Newshound Guru Millionday Article quote: "...the class »50« thousand dinars normal procedure intended to restructure the national currency..." THE 50,000 NOTE IS TO BACK UP THE RELEASE OF THE RESTRUCTURED NATIONAL CURRENCY. THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION. IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY -- THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS -- CASH OR GOLD. WHEN A COUNTRY`S CURRENCY IS HARD BACKED AND PART OF THAT IS CASH RESERVES -- IT IS CHEAPER TO PRINT LARGE DENOMS IN THE SERIES INSTEAD OF PAYING TO HAVE LARGE AMOUNTS OF LOW DENOMINATION BILLS. [post 1 of 2....stay tuned]
11-24-2015 Newshound Guru Aggiedad77 Allak is floundering...he knows his number is up...his bell has been rung. Dr. Shabibi has the master plan and a masterful plan it is...far more complex than anything Allak could devise...the 50k's...brilliant work Dr. Shabibi...sure some said oh dear me...this will cause inflation to skyrocket...this will cause the Iraqi currency to LOP...but who were those talking about this garbage...they definitely did not know of Dr. Shabibi's plans to prosper Iraq to bring security and stability to the Iraqi currency...His plan is brilliant...those 50k sponges are working well...but in the opposite direction of those naysayers...sucking 000's at all levels...his limelight grows brighter by the day.
11-24-2015 Newshound Guru wmawhite ..."lift the zeros", "removal of the zeros" is in reference to the large notes that the Iraqi have grown up with. These statements have nothing..."ZERO" to do with the eventual value that the IQD will have...Instead, it is a use of words to convene to the Iraqi citizen that the large notes will eventual go no longer needed in the market place.
11-24-2015 Newshound Guru mike Article: "Chapter VII threatens Iraq again" I don't know...how much has really changed since Abadi took over? Thousands are still wrongfully imprisoned, there's no unity among the three major sects, ISIL is still firmly entrenched in the west, nothing's been done with corruption, the auction's are still corrupted and more. Abadi and the GOI have passed the AML, largely because they would have been locked out of the western banks if they didn't comply and they passed the Investment Law, that's about it. I know Abadi was supposed to be the savior of Iraq, but so far, it's been a bust. ...it would make sense to put these guys back under Chapter VII. It's clear that Abadi can't or won't go after those who are delaying progress and are corrupt, maybe he needs foreign intervention, again, to set things right.
11-24-2015 Newshound Guru Millionday [are my bills (25 K with the horse head , gold strip, etc...), new bills? I feel that sometimes they are going to disappear like the 50 did?] THEY ARE LIKE THE ONES THAT THE IRAQIS HAVE NOW AND THE PEOPLE IN THE WORLD ARE HOLDING -- WHEN THEY RELEASE A NEW SERIES AS IN ALL COUNTRIES THEY SET REGULATIONS FOR THE RETURN OF THE OLD TO GET THE NEW OR WHATEVER CURRENCY YOU WILL NEED IN THE MARKET. CURRENCY JUST DOESN'T BECOME NULL AND VOID OVER NIGHT -- THEY GIVE AN AMOUNT OF TIME THAT THEY WILL BE EXCHANGING THEM --- IT IS A SIGNED NOTE BY THEIR OFFICIALS STATING THAT THEY ARE LEGAL TENDER = OFFICIAL DOCUMENT.
11-24-2015 Intel/Newshound Guru Poppy3 THE TARRIFS WILL NOT EVEN BRING IN ENOUGH MONEY AT THE PRESENT RATE TO PAY THE OVERHEAD COST OF HIRING THE 3000 PLUS PEOPLE AROUND THEIR COUNTRY TO COLLECT IT. IT IS SURE NO WINDFALL IT IS A EXPENSE UNTIL THE NEW HIGHER RATE IS ANNOUNCED AND IMPLEMENTED.
11-24-2015 Intel/Newshound Guru Mnt Goat The IMF has themselves told us very specifically what to expect when the IQD revalues. They begin at a base pre-war rate of $3.22 the add on %’s based on assets of country since Saddam and go from there adding in value since the war. ...the Iraqi rate as to when they exchange at 90 cents - $1.14...has nothing to do with your exchange rate.
11-23-2015 Intel Guru Okie_Oil_Man [via Joshua & Lealoha] [Is there anything else that has to go through the Gazette before we see the RV?] It's my understanding the three postings necessary to bring this to fruition have all been made. SUMMARY: OKIE SAYS HE HAS BEEN QUIET BECAUSE HE WAS TOLD THIS WOULD NOT HAPPEN UNTIL THE LATER PART OF THE YEAR - HE IS COMFORTABLE TO SPEAK NOW - WE ARE ON THE CUSP...believes RV imminent!
11-23-2015 Newshound Guru Millionday THE ACTUAL FULL OF POWER GOVERNOR OF CBI HAS ORDERED ALL MONETARY POLICIES -- REFORMS CHANGES -- DOCUMENTS -- PLANS THEY HAVE WORKED ON FOR THE NEW IRAQ AND PROCEDURES TO ALL BE ACTIVATED. THIS IS WHAT WE HAVE BEEN WAITING FOR. THEY ARE MOVING FORWARD AND FORMAL ORDER HAS ACTUALLY BEEN GIVEN BY CBI GOVERNOR. THIS IS VERY EXCITING -- WHOOOPOW.
11-23-2015 Newshound Guru Kaperoni Article: "Central Bank: foreign currency reserves within international standards" By all reports the CBI has 32-39 trillion dinar in circulation. This is nothing really new. The article is simply stating they have enough CBI reserves to cover this 1.7 times or about $65 billion dollars. Where exactly that dinar is, is hard to tell...since banks clearly stated they don't have liquidity, it could be in the CBI stacked up, or it could be in mattresses.
11-23-2015 Newshound Guru tlm724 Article quote: "The Central Bank rejects a parliamentary proposal to pay part of the salaries of staff in dollars" "Keywords and added, "We as a central bank refused this thing for two reasons, the first being a threat to the country's sovereignty because the currency is the dinar, the national currency," adding, "The second reason is that the process leads to a significant reduction reserve". Sure am glad he knows that, we don't want them to pay in dollars, we want the dollar outta there.
11-23-2015 Intel/Newshound Guru Mnt Goat The rate can not and will not stay for long and is only an incentive to turn in the 3 zero notes in exchange for the NEW lower denoms. At this time they will announce a CUT-OFF date also and the 3 zero notes will no longer be legal tender in the Middle East. I SAID IN THE MIDDLE EAST...not the rest of the world. They also want to convert over to the lower denominations (the new Iraq permanent currency) prior to the full blown RV as much as possible. As I have said many times over and over to watch for the project to “delete the zeros” and other signs and our RV is close at hand. Now we are witnessing the most significant sign of all these signs as it is the final stage of the implementation of the process for their plan. [post 2 of 2]
11-23-2015 Intel/Newshound Guru Mnt Goat ...they will have to launch the LOWER DENOMINATIONS very soon along with a significant increase in the rate of their currency. Why? Because they need to collect these 3 zero notes and they need to do it now thus must give the citizens an incentive to do so. The incentive is to make them worth more than the US dollar. The plan is to increase the value to 90 cents - $1.14. You will probably not see this rate at the exchanges as it will happen suddenly and IS NOT THE RV. THIS NEW RATE IS NOT THE RV nor is it a FLOAT. It is simply the CBI determining to raise the value of the dinar and is an in-country rate increase. It is a temporary measure as the full RV will follow 4-7 days later. [post 1 of 2....stay tuned]
11-23-2015 Newshound Guru firefly We are NOT waiting for laws. They were amending old laws, NOT creating new ones. IMO they won't even tell us when they are/were activated. Much of what I am reading on international sites hints that many are already activated. [...and art 140 is rearing its head again?] I'm not concerned about article 140. Yes, it is HUGE in Iraq and will help them immensely but what does it have to do with a international monetary reform? [the way i get it is we wont see an rv till between jan and june of 2016, but i could be wrong?] According to the UN, US and Iraq reform agreement, there is an end date! IMO, it's all about timing now.
11-23-2015 Newshound Guru Kaperoni Article: "Central working on the application of parallel policy to keep prices and curb inflation" Iraq needs money, they are going to be forced one way or another to activate the tariffs, market economy, and follow the IMF.
11-23-2015 Newshound Guru Millionday THE NEW ECONOMIC REFORM IS IN THE 2015 AND THE 2016 BUDGET...ALL REFORM IS TO MAKE THEIR PRIVATE SECTOR MORE PRODUCTIVE AND SUCCESSFUL IN THE >>>GLOBAL MARKET <<<. ALL OF THE MOVES THIS INGENIOUS PLAN HAS PRODUCED IS TO TRANSITION TO THE GLOBAL MARKET AND ENTER THE GLOBE AS A DEMOCRATIC EXAMPLE FOR THE REGION THEY WILL BE DOING MUCH OF THEIR BUSINESS IN -- HUGE. ONE OF THE TOOLS THAT HAS TO BE PUT IN PLACE IS THE INTERNATIONAL EQUATION WHICH IS REALITY AND FAIR TRADE ACCORDING TO ACTUAL WORTH IMO. UNDERSTAND HE IS TALKING ABOUT WHAT WE HAVE BEEN WAITING TO SEE --- IRAQ GOING GLOBAL TO A FREE MARKET ECONOMY --- GLOBALIZATION. [post 2 of 2]
11-23-2015 Newshound Guru Millionday Article quote: "Managed (State - components) of the framework of its new economic characterization as a system (Riei- liberal) alternative economic system (state - the nation), a system (rent-Central) based on the severe state capitalism Central..." THIS...IS THE ANNOUNCEMENT FROM SALEH ABOUT THE MOVE FORWARD TO A MARKET ECONOMY. SALEH IS ANNOUNCING THE NEW ECONOMIC SYSTEM -- RENT-CENTRAL -- CAPITALISM. THE LAWS ARE THERE...THEY NEED TO ALL BE ACTIVATED ALL AT ONCE. [post 1 of 2....stay tuned]
11-23-2015 Newshound Guru wmawhite I am thankful that the CBI and IMF are...using sound judgement and fiscal policies to bring the Iraq Dinar back into the global markets. Also, when the IMF tells the world that Iraq will be re-entering the global market before the first half a 2016...I am excited.
11-23-2015 Newshound Guru tlm724 Article quote: "the governor of the bank on the Keywords in the (3 March 2015) that the project to delete the zeros existing project has been put into practice and that gave light Green to start with, "he said." The project needs a period of time may extend to two years or more." Now I know you all remember this from March 3rd...the CBI gave the greenlight on the project. Needless to say we are seeing huge strides in the currency reform. We have since the IMF meeting and the IMF said if you want us to loan you money you will listen to us and do things the right way! Thank you IMF.
11-22-2015 Newshound Guru Aggiedad77 Article: "Abadi wishes application of customs tariff soon after the previous governments' failure to implement" watch for early December implementation...by the middle of the month...taxes and tariffs...PM Abadi though is wanting it done correctly this time, no more delays...the Holy Man wants this done...we want this done...its a part of our step forward into the new international world.
11-22-2015 Newshound Guru Kaperoni Article: "Central bank: we oppose calls for reducing the rate of exchange for reforms" Good to hear again there is no plan to reduce the value of the dinar despite those who want to (Turki).
11-22-2015 Intel/Newshound Guru tman23 The decision of the Court on Najafi's 2 lawsuits which involve the VP position is the BIGGEST of BIGGEST for Abadi and the GOI as a whole. This decision is set for release the 24th...Tuesday. If they decline Najafi's suit...the rest (Maliki and Alawi's are moot. If the court rules in favor of the VP suit. Well it won't be good for Abadi reforms and anything else coming down the pike. Tuesday is a BIG day!
11-22-2015 Intel/Newshound Guru Poppy3 ...THE WORLD BANK IS STRESSING THE MOVES ARE VERY URGENT. I HAVE READ SEVERAL TIMES THE BILLIONS IN LOANS FROM THE IMF AND WORLD BANK ALONG WITH CHINA...NONE OF THESE WILL RELEASE THE FUNDS UNLESS THEY HAVE A INTERNATIONALLY TRADABLE CURRENCY. THIS MAKES PURE COMMON SENSE. (EXAMPLE ) JUST LIKE YOU AND I GETTING APPROVED FOR A LOAN IS ONE THING BUT THE FUNDS ARE NOT RELEASED TILL THE COLATERAL IS IN PLACE. EXPECTING NEW RATE BETWEEN NOW AND DEC. 15TH.
11-22-2015 Newshound Guru mike If the sovereignty of the dinar is so important, why haven't they added value to it? Of course the dollar isn't a benefit to the country, it's a crutch to limp along with until you fix your own currency. I can't even remember how many times the GOI has said they need something (think "security and stability" ) to add value to the currency, it's been one long list of excuses for years now, they're going to mess around and delay this too long and the reserves will be severely depleted which may give them a legitimate excuse to put a hold on the change. ...there's only so much the IMF can do. For me, the only motivation Iraq has to comply with the IMF is to receive the handout at the end, the IMF has made it clear they won't help unless Iraq helps themselves.
11-22-2015 Newshound Guru Kaperoni ...it would make little sense to issue any lower denomination until the dinar appreciates to a point in which they are useful. And I do expect that they will move from the peg to the float before 2017 (probably by mid 2016). Here is the direct quotes from the CBI as far as timeline for the notes..."the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," or "likely work on the project early in 2017." ...two articles also say that only a 50, 100, and 200 would be introduced at that point. One can make an educated guess as to a rate then based on those denominations the dinar would only be worth about 5 cents or so (any more would require even smaller denominations, any less no need to issue). The reference in this article to me is only a general statement as to the value of notes that eventually will be out, not that specifically that they would all be issued at that time. In fact, we know that is not true based on the two CBI articles posted. That being said, who knows how fast the dinar will rise once they get off the peg.
11-22-2015 Newshound Guru wmawhite Keep this straight...the international value changes first...3 to 6 months later the price of goods inside Iraq begin to decrease...then the LDs start to be put on to the streets for use. But we are gone/exchanged at the beginning...because we are concerned with the international exchange rate. The plans for LDs just tells us that Iraq will have a much greater value to the IQD. ...we tend to get caught up in the currency...when that is german to Iraq...all we are looking for is the IQD re-enter the markets. [post 3 of 3]
11-22-2015 Newshound Guru wmawhite Here is something that came out today: "He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars)." What does this tell me? This tells us that members of the Finance Committee know that the CBI plans on issuing a 1 IQD coin/note. Why? But 1 IQD only has a value of $0.00086. So why plan on putting something of such low value on the street? Why? Because, as the IMF has told us...Iraq will re-enter the global market by...When? Prior to the first half of 2016. [post 2 of 3....stay tuned]
11-22-2015 Newshound Guru wmawhite [IYO when those lower denoms hit the street, would a new rate already be established, or would that come a bit later? Or would it possibly come before they release the lower denoms?] Excellent question...Let me ask you...if a 1 IQD coin has a value of $0.00086...why would it be put on the street today? It wouldn't...Same with the other new notes/coins. The Iraqis will not see them until well after the value of the IQD increases dramatically. IMO...I will be on the beach in St. Thomas by the time the LDs are fully in use. [post 1 of 3....stay tuned]
11-22-2015 Newshound Guru rcookie [it is impossible to hv an rv and issuing 50k notes...does not make sense at all...why will they issue 50k and delete the zero the same year?] DO YOU ACTUALLY BELIEVE THE IMMEDIATE AND COMPLETE COMPLIANCE TO ALL IMF...UN...AND WB MANDATES SUCH AS AML LAWS...BUDGET DEFICIT REDUCTION MEASURES THROUGH AUSTERITY REVISION...SALARY LADDER IMPLEMENTATION...ELECTRIC AND FUEL SUBSIDY REVISION...INVESTMENT LAWS PASSED...DISPLACED PEOPLES BUDGET REVISED...IMF & UN MANAGEMENT OVERSIGHT & MONITORING PANEL TO CBI IMPLEMENTED...FEDERAL JUDICIAL REFORM WAS ALL COMPLETED IN THE TIMETABLE THEY HAVE ACTED ON TO LET IT ALL SIT AND STEW FOR 2 YEARS...
11-22-2015 Newshound Guru Aggiedad77 Look to the calendar for the day and smile...indeed. The LD's are home for the Holidays...Tucked in their respective drawers. All snug as a bug in a rug. Dreams of sugar plums dance through their heads. Oh what a few short weeks...the difference can make. Stay calm...stay grounded...be at peace...For the BEST is yet to come.
11-22-2015 Newshound Guru firefly Trust me, this plan does NOT include a LOP. The IQD is the ONLY currency in the past 10 yrs that has NOT lost any value. I do not see that changing any time soon...IMO...
11-22-2015 Newshound Guru wmawhite ...Iraq/CBI will not LOP...What does every thing coming from the CBI, GOI and Parliament speak about... INCREASING the value of the IQD...a LOP is a dramatic DECREASE in value.
11-22-2015 Newshound Guru Millionday WE ARE WAITING FOR THE POINT THAT THE RELEASE OF PRICING IS NEEDED AND ACCORDING TO REPORTS...IT SEEMS TO BE CLOSE.
11-22-2015 Newshound Guru Kaperoni Article quote: "...(the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars)." This article also confirms the specifics of the plan, the introduction of the 50k, possible 100k which will consolidate the physical note count prior to beginning of the deletion of zeros project...which will raise the value (and bring out the smaller denominations). I continue to stick with the timeline the CBI announced last summer (50,100, 200 by the beginning of 2017). I also believe the float has to start within the next 6 months in order to meet that CBI timeline. The next 6 -12 months will be very exciting times as we watch this progress. [post 2 of 2]
11-22-2015 Newshound Guru Kaperoni Article: "Financial Parliament (time): next year the economic situation will not be different from the current" Though this is not the timeframe we want to hear, it does confirm exactly what we have stated. The rise in value is directly related to the market economy which means we need the laws, agreements, insurance, investors, etc. As investment comes into Iraq, it will create inflationary pressure that will raise the value of the dinar. This is basic and fundamental monetary policy that is confirmed in the IMF Article IV Consultation from 2013 where they want the dinar to appreciate based on the Balassa-Samuelson effect. [post 1 of 2....stay tuned]
11-21-2015 Intel/Newshound Guru Poppy3 [...do you think the dong will also revalue as some say?] I HAVE A FRIEND WHOS BROTHER LIVES THERE AND HIS REPORTS HAVE BEEN ACCURATE. HE SAYS IT WILL HAPPEN TOGETHER FROM STATEMENTS FROM HIS BANKER.
11-21-2015 Newshound Guru Millionday Article quote: "...the State heading now towards investment in the private sector and encourage industries and trade, and open market GDP to maintain our industries and support..." THIS IMPLIES THAT THEY WILL BE USING THE PRODUCTS THAT APPLY TARIFF/CUSTOMS/ CONSUMER PROTECTION ETC -- AND IT SAYS NOW. WITH THE EXTENSION OF PARLIAMENT AND THIS BEING THE REDENOMINATION PERIOD AS STATED BY SPEECH FROM CBI AND WITH THE ANNOUNCEMENT OF THE RELEASE OF LOWER DENOMS -- THE INVESTMENT LAW DONE -- THE TARIFF AND THE BUDGET FOR NEXT YEAR READY FOR VOTE YESTERDAY...THIS IS VERY EXCITING TO SAY THE LEAST...A HUGE WHOOOPOW.
11-21-2015 Intel/Newshound Guru Poppy3 FROM PREVIOUS SOURCES A COUPLE YEARS AGO...GLOBAL ECONOMY...TAKES APPROXIMATELY 5 MONTHS AT BEST AND THAT REQUIRES A RATE BEFORE THE 5 MONTHS PERIOD IS TO START...MEANING IF THE BACK DOOR DEADLINE SET BY THE IMF/WB IS JUNE 15, 2016 THEY GOT TO GET STARTED WITH A RATE WITHIN THE NEXT 5TO 6 WEEKS. TIME WILL TELL. I MIGHT ADD THEY ALSO HAVE TO REACH THAT SAME DEADLINE TO GET THE MONEY RELEASED FOR THE BILLION DOLLAR LOANS THEY GOT APPROVED FOR. I AM EXCITED.
11-21-2015 Newshound Guru firefly IMO, the WB, IMF and UN is running the show. When the timing is right (which in my opinion is very close)...The CBI will do what needs to be done!
11-21-2015 Intel Guru TD Very interesting comments from my Kurdish friend (treat all as rumor and please due your own sound diligence). My amigo states that the GOI, economic committee and CBI are now in unanimous consensus to finally execute the long awaited deletion of the zeros program with an anticipated rollout within the 1st half of 2016. This program will reduce the note supply dramatically with the retiring of the old notes and exchanging them with the new ones which of course will not have the extra 3 zeros. This is most certainly the LOP program. Their goal then will be to weed out all the old notes within a (still to be determined) short period, most proposing 60-90 days. Exchanges will only be allowed in certain provinces and NO notes outside these to be named areas will be honored. Any attempts to "bring inward" any outside held currency will be regarded as money laundering and subject to Iraqi prosecution. This long drawn out affair regarding the dinar will finally come to a conclusion.
11-21-2015 Newshound Guru Millionday Article quote: "...Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars." CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE -- ADD IN A 500 DINAR NOTE. THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS. THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED. WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR -- A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR...THEY DID NOT GIVE A DATE --- HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.
11-21-2015 Newshound Guru Kaperoni Article: "Parliament Decides to extend its sessions to the 23 of this month" There is no details to this article but I get the impression we may be in for a holiday month long break at parliament. Hope not.
11-21-2015 Intel/Newshound Guru Mnt Goat ...about the second week in November they began ramping up the news with a series of articles on the process to delete the zeros and have not stopped since. - they told us of intentions to gradually wean off the currency auctions and FLOAT the dinar - they introduced the project to delete the zeros to us again and explained it in detail - they then told us they were ready to begin the process thus launch the 50k notes. So we are now witnessing the end to this project. The final steps. They are even telling us they are going to launch the $500 dinar. A 500 dinars note was issued in October 2004 so I think they are just issuing a new edition with more security features and maybe Kurdistan symbols on it. The Next Step after launching these lower denoms is the raising the value and putting the dinar on the FLOAT currency regime. This they tell us will complete the process, it is the completion of their currency reform.
11-21-2015 Newshound Guru mike ...as far back as 2012, the plan didn't include the 50k, that's a new change that came up in the recent past. I've got reports from the Ministry of Planning, a report to the Special Inspector General for Iraq Reconstruction, a report that's submitted to Congress saying the note was going to be worth 50k, not a 50k itself. I realize that's not the plan, now. ISIL and the price of oil have gummed up the works and apparently, the only way they can get something done is to have the IMF come in and set things right, move to Article VIII and get some value added to the dinar. ...I just don't believe it's always been the plan.
11-20-2015 Newshound Guru wmawhite [Why mint new coins when they never used the old ones...?] They are printing notes or minting coins...because they know they are going to need them in the near future. The CBI has already told you what you ought to know...as well as the IMF. The CBI owns the currency and the IMF has told the world that Iraq is re-joining the global markets prior to the first half of 2016.
11-20-2015 Intel/Newshound Guru tman23 Those that believe the HCL is the key to seeing monetary value change...NOT EVEN CLOSE!
11-20-2015 Newshound Guru Kaperoni Article quote: "The National Investment Commission announced on Thursday that its chairman , Sami al-Araji, as the representative of the Republic of Iraq has signed with the International Center for settlement of Investment Disputes (ICSID)..." IMO, this is a big deal! Iraq has signed this deal in anticipation of international investment! When you talk to anyone who is in a position to invest in Iraq, they always say they want laws to protect the investor, insurance to protect the funds and some sort of arbitration if something goes wrong, as well as the ability to get profits out. And IMO, this signing of the ICSID is another very good piece of the puzzle. With the recent amendment to the Investment Law, discussion about passing banking insurance, the IMF MoU to remove exchange restrictions and now this, we may well be on our way to seeing that "wild west" of investment begin in Iraq. Only good things then can happen to the dinar.
11-20-2015 Intel Guru Frank26 They have LD’s coming, they have coins coming out...they have laws coming out...the budget is ready for 2016...they have Maliki up against the wall...the international community is going ballistic getting ready...and when they enter this RI into the RV phase you may not see this...and I don’t want you to see this...you don’t need to run to the banks then...this is for the whales and sharks...let them eat at that low rate. The lifting of the value of the Iraqi dinar is here...you are at that final stage...you are actually beyond that final stage.
11-20-2015 Newshound Guru rcookie THE LIQUIDITY OF DINAR CURRENCY IN CIRCULATION FOR TRANSACTIONS IS INADEQUATE...AND ULTIMATE STATED GOAL IS TO REDUCE DEMAND FOR THE DOLLAR WHILE CURBING INFLATION...AND PART OF DELETION ZEROES PROJECT...AND BASICALLY LIQUIDITY MANAGEMENT TOOL.
11-20-2015 Intel Guru SteveI Article quote: "It confirmed the three presidencies, to speed up the passage of the draft budget for fiscal 2016 Act." Very good news. I ...love the progress! December is looking better and better, but first quarter 2016 is looking awesome as well.
11-20-2015 Newshound Guru Kaperoni Article: "To issue less than 250 dinars coin a new edition for 500 dinars economic plans" Well it fits with the CBI statement earlier this year of 50, 100, 200 by 2017. Any new denomination will have Kurdish language now. ...the reality is only one restriction stands in the way between remaining in Article XIV and achieving Article VIII. The importance of "freedom of movement of capital" cannot be stated enough if Iraq wants outside investment. Abadi is full aware that currency reform is a major hold up to his countries ability to create diverse income. So in reality, all these recent moves are well in line and very promising that they will do what they say this time. The alternatives are not good.
11-20-2015 Intel/Newshound Guru Mnt Goat Eventually the CBI will have to tell the banks to begin launching the lower denominations into circulation. Article quote: "A commission of economy and investment plans for new parliamentary Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars. " When these lower denominations are launched you can buy your bottle of champagne and put it on ice since it is not long before we, as outside investors, are at the bank. [post 3 of 3]
11-20-2015 Intel/Newshound Guru Mnt Goat Article quote: “CBI had announced earlier issued a new banknote fifty thousand Dinars category in order to complete the Iraqi Securities monetary structure, and the DEVELOPMENT OF HIGH VALUE IN THE TRADING CATEGORY.” So we see this was the purpose of launching these new 50k notes. The CBI told us themselves. So at some point in time soon I expect they will hit a point they need and then pop out the new rate...this will be sudden and excepted. This process is NOT a currency FLOAT as many have alluded to will happen. They will simply go from the 1166 rate to a 1:1 rate with the USD. The IMF is now working very closely and monitoring it very closely. [post 2 of 3....stay tuned]
11-20-2015 Intel/Newshound Guru Mnt Goat As I have said many times...watch for the project to “delete the zeros” and other signs and our RV is close at hand. Now we are witnessing these signs and so the probability of the RV increases as each day passes. So today’s news is all TERRIFIC and EXCITING! IRAQ HAS LAUNCHED THE 50K NOTES! HURRAY! ...this is an excellent sign too that they have in fact launched the project to “delete the zeros” already and the process is now underway once again. We simply have to wait and watch for news of the amounts of the 10k and 25k notes collected. This could take a week maybe a month. But I am hearing it will sooner than later...Because they already collected nearly 80-90% of the 10k and 25 notes. [post 1 of 3....stay tuned]
11-19-2015 Newshound Guru Kaperoni Article: "A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries" [no wonder they are looking at devaluing the dinar to 1500 dinar to 1 usd.] ...both the IMF and CBI have clearly stated devaluing the dinar is not an option. Heck think about..they have huge protests now, can you image if they made the majority of the citizens 30% poorer? I know its hard to believe..but the documents signed (MoU and Article IV Consultation) by both Iraq and the IMF are very telling of the goals. Hang in there.
11-19-2015 Intel/Newshound Guru Poppy3 discussion today on projection of guaranteed rate on iraq investment bonds like our municipal bonds for rebuilding infrastructure of major cities. These are not the original bonds tried a few months ago these are purely for rebuilding ELECTRIC GRID, WATER SYSTEM, SCHOOLS, HOSPITALS, GOVERNMENT BUILDINGS. THE RATE HASNT BEEN ANNOUNCED BUT MEETINGS ARE BEING HELD AT IMF.
11-19-2015 Intel/Newshound Guru tman23 The Japan Loan is 3 billion dollars...it is a 40 year loan at a rate of 1%... So riddle me this...The CBI has extended the GOI bond sales until Nov 30 at which date they close...They could not sell bonds because of high rates required by investors...They can get 3 billion for infrastructure...it is waiting... Whats the problem? IMO...timing!
11-19-2015 Newshound Guru wmawhite Folks, at the current value a 250 IQD note is worth $0.21 and the 500 IQD note is worth $0.42. These new notes are being printed with the Kurdish, Arabic and English languages. The costs of printing is greater than the value of the notes on the streets...GO FIGURE. Something is happening.
11-19-2015 Newshound Guru rcookie EVERY SINGLE MANDATE REQUESTED BY IMF...WB...AND UN HAS BEEN IMMEDIATELY DELIVERED ON...AML LAWS...DONE...BUDGET AND DEFICIT AMENDMENTS...SALARY LADDER DONE...AUSTERITY MEASURES WITH ELECTRIC & FUEL SUSIDIES AND RATION PROGRAM ADJUSTMENTS DONE...CBI OVERSIGHT & MONITORING PANEL AGREED AND IN PLACE FROM UN & IMF DONE.
11-19-2015 Intel Guru Frank26 ...now they announce to us we are going to start our taxes and tariffs next month...because we have started this process of lifting the 000’s and we have decided on a float. I have no problems with how they will do this it is brilliant...it is nothing like what happened in Kuwait. ...1166 is a program rate...Then the IMF yesterday changed the rate from 1166 to 1500...Iraq’s goal is to leave the program rate... I like they came out and tell us they are going to raise their value...looks like a float sometime next month...these are the end times. [post 2 of 2]
11-19-2015 Intel Guru Frank26 ...we told you that Dr. Shabibi is ready to launch the monetary reform of their currency from the reinstatement stage into the revaluation stage. This stems from the meeting on the 10th. So this meeting was where they came out to declare we are ready to add value to their currency by removing the 000’s from the citizens and also from you...they introduced the 50k and will introduce the 100k next year. ...this whole process is speeding up so much now...we told you the LD’s came over from the US...we told you that Dr. Shabibi was moving these LD’s out into the banks... [post 1 of 2....stay tuned]
11-19-2015 Newshound Guru mike Article: "A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries" ...80% of Iraq's budget is going to payroll, that leaves very little left over to facilitate the auctions and the fight against ISIL, let alone service projects for the people like electricity, water and sewage. By lowering the value of the dinar, the GOI could save $10-12 billion a year in payroll, great for the government, bad for the citizens. The good news is that Keywords is against it, here's hoping he sticks to his guns on this. The other thing is this, the IMF/WB want Iraq to lower salaries, remove subsidies on fuel, electricity etc. and implement the tariff's, well, I don't see how they can do that with a currency that's been further devalued by lowering the rate to 1500-1. Here's hoping the recent IMF involvement can get Iraq closer to Article VIII where they have a chance to raise the value and stop the auction's.
11-19-2015 Newshound Guru Kaperoni Article: "A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries" If they sell 3.5 mbpd @ $40 a barrel X 365 days = about $51 billion dollars. That of course could go up or down depending on prices and exports. Its a total mess to think about $35 - $40 billion of that is salaries.
11-19-2015 Newshound Guru Adam Montana [Anything yer lookin' fer in particular or watchin' for to come outta the G20 SUMMIT in Turkey this week...?] Not particularly. I think Iraq (mainly the CBI) is going to do whatever it wants either way, and G20 summits usually disappoint regardless of what's going on in the world.
11-19-2015 Newshound Guru firefly anybody that thinks the Paris Club, IMF, WB will settle for 5 cents better go back into hibernation. This is a plan and the plan doesn't include 5 cents. They want their money and they want it now! 5 cents isn't going to cut it, sorry. Things are moving at double the speed than even 2 weeks ago!
11-19-2015 Newshound Guru mike Article: "Iraq will pay $ 12 billion from the central reserve to oil companies" I don't think this is anything to worry about, yet...the CBI isn't authorized to pull reserves to pay for past due oil payments. The CBI is under a lot of pressure right now and I believe those who want to maintain the status quo are getting the jitters. They see that the MOU has been signed with the IMF and they know the end of the auction shenanigans and subsidies are near. I wouldn't doubt if we see a full court press for the removal of Keywords in the near future, these guys are going to do everything possible to keep the system the same, billions of dollars are hanging in the outcome. IMO
11-19-2015 Newshound Guru wmawhite [ I am holding several of the 5K notes...will they still be good with the release of the larger denoms?] Nothing changes with the notes that we hold. If the status of any of the Iraq dinar were to change, the CBI, who owns them, would be the enitity to inform the world. I too have 5K notes. I am not concerned about their status changing. And why? Because the CBI continues to tell us what they are doing.
11-18-2015 Intel/Newshound Guru Poppy3 REPORT SAYS RV WILL HAPPEN BEFORE JULY 16TH 2016 ACCORDING TO IMF --- NOTHING CONFIRMED AS TO THE VALIDITY OR ORIGINATION. I PERSONALLY DONT SEE ANYWAY THEY CAN WAIT THAT LONG AND MOST ALL CBI AND OFFICIALS PREDICTING BEFORE 2016. THINGS ARE AWESOME AND WE WILL BE HEAVENLY BLESSED IN NO TIME AT ALL.
11-18-2015 Intel/Newshound Guru tman23 Salary Ladder...salary reductions...pension reductions...social security reductions...AML, Investment Law, both passed and waiting ... 2016 Budget had second reading... Taxes are ONCE AGAIN set to be enforced on imports...and the chatter of devaluing to 1500 IQD to 1 USD... They are preparing for something...and the citizens just as much as members of the GOI are confused...which is a Good sign IMO...because a neutral event would not call for secrecy and confusion.
11-18-2015 Newshound Guru mike As long as Iraq moves to Article VIII before they try to float the dinar, there's a very good chance the dinar will rise in value. If they don't, then it's going to be a mess. Hopefully...if they make a move to international status around the middle of 2016, my guess is they'll have roughly $50 billion left in the reserves, which would be enough to support a dinar with higher value.
11-18-2015 Intel Guru Frank26 IOO...we will not see the steps...the movement of the RI into the RV. Today they even talked about coins... ...there was an article that we saw today that talked of the IMF moving the program rate from 1166 to 1500...Stay focused on the idea that Iraq has a program rate, it matters not what it is...what matters is that they are moving as we speak towards an international rate. Dr. Shabibi is launching the Monetary Reform Rocket in December...but don’t run to it too early. Due to the full picnic basket Iraq will do very well very soon...give it time though. The Vietnamese dong will not be in the first basket but it too is poised...IMO...for 2016. [post 2 of 2]
11-18-2015 Intel Guru Frank26 The CBI and GOI are working so closely together, it seems that not much could slow things down now. Dr. Shabibi has made a decision to jump out of a plane and by doing so he is committed to pulling the ripcord...that airplane held Maliki and other bad men...but Dr. Shabibi is now unafraid of his own actions...he is intent on that ripcord, to be pulled at the appropriate time...indeed, he jumped into a beautiful horizon. We are also seeing more and more news articles talking about the lifting of 000’s. ...the Iraqi Finance Committee wants to “study how the USD works with the IQD”...don’t they realize by now how things work...how their economy is about to explode...the USD closed today at 99.75... incredible...it comes to meet the IQD. [post 1 of 2....stay tuned]
11-18-2015 Newshound Guru wmawhite [why have 50 k notes?] I am the CBI...I hand you one 50K note and you give me two 25k note or five 10k notes. The note count goes down the removal of the zeros speeds up.
11-18-2015 Newshound Guru Adam Montana When the RV is announced, it will be a simultaneous cash-in for everyone. There will be no secret exchanges, different rates, etc.
11-18-2015 Newshound/Intel Guru BGG looking like - the "bad actors" in the auction program seem to be "back at it" now that the IMF is calling the shots...has anyone noticed the auction numbers moving up? I have a feeling the WB/IMF may have to put some real heat on the corruption...IMF pledges support and these jackwaggons get right back to the business of plundering the CBI. ...so I take great issue with the 2% spread being the only thing left to be in IMF compliance to move forward. ...the 2% spread - being "out of range" will be an easy mark to satisfy... once the underlying threat is dealt with...all IMHO only.
11-18-2015 Newshound Guru Kaperoni And we know from another IMF article they expect Iraq to enter the market by mid 2016...very very good news...there is clear proof that the IMF will help them get in compliance and move to Article VIII within the next 6 months...the auctions will end...the auctions can only stop when their is an alternative...and the float will also start...as already stated by the US Treasury and the IMF and several Iraqi economists and members of the Finance Committee. ...once they move to Article VIII, what happens to the dinar is yet to be determined. [post 2 of 2]
11-18-2015 Newshound Guru Kaperoni Article quote: "the Fund shall provide technical assistance to the Iraqi authorities for the implementation of policies related to foreign currency and the removal of restrictions on him." The IMF is clearly stating they signed the MoU to help remove the remaining restriction on Iraq from moving to Article VIII...only one restriction remains, and that is the auctions and 2% spread. ...the IMF spread or 2% in this case is the difference between the official rate at the CBI and the market rate (street rate) in Iraq...in order for the CBI to be in compliance with the IMF, they must keep that rate within 2%...and the IMF is going to Iraq to help them overcome that issue. [post 1 of 2....stay tuned]
11-18-2015 Newshound Guru Adam Montana I would expect that transition to happen over the course of maybe 30 days, at which time there will probably be a demand that all 50k notes are turned in for smaller denominations, or even more likely, deposited into digital accounts. This allows the CBI to continue to control the paper money supply and also the rate... really, it's just how a central bank works. It's actually quite a simple concept if you're familiar with how fiat currencies work. The bottom line is simple - in my opinion, the 50,000 dinar notes could be a very powerful tool to help the CBI control the RV process, and the timing couldn't be better. [post 2 of 2]
11-18-2015 Newshound Guru Adam Montana Aside from what I discussed the last two weeks, the only thing worth spending time on is the 50k notes. I have a theory: When the RV is announced, the CBI will want to reduce the supply of larger notes (currently 25k and 10k) as quickly and efficiently as possible. One very easy way to do that is to release one larger denomination, the 50,000, and introduce that either immediately before, during, or after the rate change. By "immediately", I mean hours, not to exceed 24 hours. The new 50k notes should be just as technologically advanced as the current 25/10k notes, if not more. This will help avoid a lot of problems with counterfeiting while at the same time controlling the paper money supply. [post 1 of 2....stay tuned]
11-18-2015 Newshound Guru Millionday Article quote: "Denied the parliamentary Finance Committee, on Tuesday, re-draft federal budget law for 2016 to the Cabinet for discussion." THE REPORTS OUT THAT THE 2016 BUDGET HAS BEEN SENT BACK HAS BEEN DENIED --- THE SECOND READING HAS BEEN DONE AND THEY EXPECT VOTE THURSDAY. REMEMBER THAT THE RADICAL REFORMS THAT THE WORLD BANK IS CALLING FOR IS ALSO TO REDUCE THE 2016 BUDGET DEFICIT AND FIGURES ETC -- SO FOR THIS TO BE READY FOR VOTE -- IT SHOWS HUGE PROGRESS AND PREPARATION FOR THE ECONOMIC REFORMS IMO.
11-18-2015 Intel/Newshound Guru Poppy3 ...THE WORLD BANK AND IMF HAVE STATED THEY (IRAQ ) MUST INCREASE GDP AND GROW ECONOMY TO SHORE UP THEIR FINANCIAL STABILITY. TO ME THAT SAYS THEIR CURRENCY MUST INCREASE IN VALUE TO GAIN THAT STABILITY TO SUPPORT THE LOANS THEY HAVE ALREADY BEEN APPROVED ON. RV PEOPLE NOW THATS A WHOOPOW.
11-18-2015 Newshound Guru Kaperoni Article: "Finance Committee: the central bank to issue any financial category offset by the withdrawal of classes 10 and 25 000 dinars" This is very important IMO that we have a directive from the IMF (remove restrictions) so the CBI can get into Article VIII...and the subsequent days after the signing of the MoU we have the CBI issue the 50k note in efforts to strengthen the banking system and create demand (by reducing the physical dinar (10k, 25k) which will reduce the spread. All of which is hoped to be accomplished before mid 2016. Very good news for sure.
11-18-2015 Newshound/Intel Guru BGG [doesnt a currency need to be "tradable " to float?] ...one would assume that is accurate... without a "tradable" value to others it would be a very weak "float value" indeed.
11-17-2015 Intel Guru Delta ...a while back we said there would be no 50k note...we were wrong...the 50 dinar note will be coming in the future...so it looks like their plans have changed...the IMF is also trying to help them at this time...the plan before they wanted to do the LD’s and come out the door at 85 cents or 1 to 1 but they have changed things...with the help of the IMF...they are now looking at a free float as their best route at this time. ...if you remember when Dr. Shabibi said we are wanting to get the IQD to where it was in the ‘70’s and ‘80’s...it was around that $2.60 to $2.80...remember when Saddam was in power the IQD rate at his time was around $3.20 and it was believed to be inflated as a rate so the $2.60 - 2.80 is plausible. ...exciting times ahead...Iraq is blessed to have the help and support from IMF others in this process.
11-17-2015 Intel Guru Frank26 the Minister of Planning and Minister of Finance suggested $1.13 to $1.17 with a gradual increase to a 3+ range. ...you may be surprised that the natural rate will come out later for the IQD. I like this 40 cent rate...that would make every 1 million IQD would be equal to $400,000. If they do this, we believe we will not see this...it will be in this 7-10 day time frame...they will introduce the LD’s and coins but after they finish the float that you will not be able to see until the currency is in its NATURAL RATE POSITION...then they will cap it...my teams are saying, in their opinion...the capped rate will be higher than Kuwait. [post 2 of 2]
11-17-2015 Intel Guru Frank26 ...within the 2 weeks of December we believe the economic reforms in Iraq will be in full speed in progress...we believe the movement from the RI to the RV will start sometime during that time frame...we believe there is a time frame when they jump from the RI to the RV. IMO...we think they may start at something like 40 cents...at the meeting on the 10th...they suggested 10 cents, 20 cents...but were told no...maybe they start at 40 cents...that period from the RI to RV we believe will take maybe 7 to 10 days and you may not even see this suggestion of 40 cents...because it is electronic and you won’t see it. In that time is when we believe the IQD will be moved into its natural rate position and then it will be free floated at a 2% monthly margin to increase it...that is up to you which to see how fast you can jack it up to its natural rate position...is that $3.22... [post 1 of 2....stay tuned]
11-17-2015 Newshound Guru wmawhite [...has the IMF demanded that they RV the currency by such and such a date?] the IMF has already told you when they expect this to happen. the IMF made a statement that it is expected that Iraq will re-enter the economy market/global market prior to the first half of 2016. IMO...this is as much a date as any of us will ever hear.
11-17-2015 Newshound Guru Kaperoni Article: "Parliamentary Integrity: the central bank has taken no action against "corruption" in the process of selling currency" Since the CBI cannot even put a dent in stopping this, they need to work towards ending the auctions and floating the dinar...the sooner the better. Those articles last week and the week before calling for the float are the correct solution.
11-17-2015 Intel Guru Frank26 ...they issued the 50k last week...you know what the 50k mission is...this 50k is on a suicide mission to collect all the 000’s and it is very obvious it has done its job. This is the beginning of the lifting of the 000’s... the US…told the Iraqis they would help them with their MR process....for one year. It looks like they have decided to go with a float. There is a change coming to the currency rate from the RI to the RV...this change will be a free float...they told you this...we don’t believe it will be 85 cents, we don’t believe it will be 1 to 1...WE SURELY DON’T BELIEVE IT WILL BE A LOP...it is going to be an increase...understand that. [post 3 of 3]
11-17-2015 Intel Guru Frank26 We...did not forget about this meeting on the 10th with PM Abadi, Dr. Shabibi, the IMF, the World Bank, and others from Iraq. ...the meeting itself established the 2015 reform steps and going into 2016…that is why I told you they are so poised for 2016, but my God are they ready in 2015. In that meeting they talked about a free float….they talked about maybe in the month of December they can walk out of the RI into the RV...let us free float our currency. [post 2 of 3....stay tuned]
11-17-2015 Intel Guru Frank26 IOO (in our opinion)...the LD’s that were moved from the US to Baghdad...IOO...were distributed to all the banks on Friday that Dr. Shabibi wanted them delivered to. It is said today that Maliki will be tried in the International Criminal Court. This is yet another step that was awaited...their laws are taking them in that direction of international flavor... what they want, international recognition...Justice is good and necessary. [post 1 of 3....stay tuned]
11-17-2015 Intel/Newshound Guru Mnt Goat There is a mandate from the CBI to banks that they will use these new 50k and 100k notes for very large inter-banking and commercial transactions since once they collect all the large old 3 zero notes they will no longer have the very large 3 zero notes for this purpose( 5k, 10k 25k). The 50k notes will coincide indefinitely with the new lower denominations ($5, $10, $20, $200, etc) in circulation as the new Iraq currency going forward.
11-17-2015 Intel Guru MarkZ Liquidity is gone, the can, can not be kicked down the road any further.
11-17-2015 Newshound Guru wmawhite Article quote: "Warns a member of the Parliamentary Finance Committee, of the consequences of "the continuation of the central bank dollar auction to sell the currency," it is that it "threatens to fall in foreign exchange, which sees the International Monetary Fund's reserves to be dangerous." the message continues..."it is time to stop the auctions"...IMO. If the auctions stop the amount of USD on the streets dry up and they are left with primarily IQD..."single payor window".
11-17-2015 Intel/Newshound Guru tman23 Article quote: "because all the accounts of the budget will be recorded in accordance with the new currency. " IN WHICH CASE IS A STRONG POINT AND VERIFICATION OF WHAT WE HAVE BEEN SAYING...THE APPROPRIATE TIME TO LIFT THE ZEROS IS AT THE START OF THE YEAR...NOT THE MIDDLE OF A QUARTER OR MIDDLE OF THE YEAR...THOSE WERE SHABIBI'S WORDS...EXACTLY!
11-17-2015 Newshound Guru Millionday THE PRICES OF PRODUCTS IS WHAT RAISES THE DEMAND FOR WHAT DENOM --- IT IS NOT A PROBLEM THAT THEY ARE RELEASING THE 50,000 -- IT IS PART OF THE ENTIRE PLAN --- MEANING THIS IS GOOD NEWS. THE BUYING POWER AND HEIGHTENED VALUE OF THE DINAR WILL BE A RESULT OF TRADE ETC BUT ALSO FROM THE GLOBAL PRICING INDEX BEING CALCULATED --- THE DEMAND FOR THE DENOMINATION COMES FROM THE PRICES AND A MARKET ECONOMY --- GLOBALLY --- REQUIRES FAIR TRADE ACCORDING TO THE INTERNATIONAL EQUATION THAT DETERMINES THE FLUXUATION ON THE FOREX MARKET FOR ALL CURRENCIES. THE DINAR WOULD NEED TO BE CALCULATED TO ITS TRUE VALUE FOR THEM TO GO TO A MARKET ECONOMY. WE WILL HAVE TO WAIT AND SEE WHAT THE PLANNED RATE IS OF CBI. [post 2 of 2]
11-17-2015 Newshound Guru Millionday THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR: Quote: "The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version." IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION. THIS WAS PART OF THE PLAN FOR YEARS. THE NEW DINAR SERIES WILL REDUCE THE DEMAND FOR THE US DOLLAR. IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM. THIS IS PART OF THE MONETARY STRUCTURE AND DEVELOPMENT. THEY ARE INCLUSIVE OF THE SMALL DENOMS AND COINS ACCORDING TO WHAT I HAVE READ... [post 1 of 2....stay tuned]
11-16-2015 Newshound Guru wmawhite Question: since 2004, how many times has the CBI changed the value of the IQD? Answer: seven (7). Now...most recently, we were told by a researcher that the CBI will NOT move the value of the IQD before floating it. It will just start floating. The problem is, the IQD is not floating today and the CBI has moved the value seven (7) times already. It is obvious to the uneducated as I am, that the CBI will move the value of the IQD, IF it believes it reflects the true value of the IQD prior to any float.
11-16-2015 Intel/Newshound Guru tman23 I believe 1000% without any doubt that they are lifting the 3 zeros for the fiscal year 2016... And I believe that as Shabibi once stated they need a 1-1 for easy use and avoid confusion in the market place... I flat out guarantee you the Kap [Guru Kaperoni] float is an opinion and 5 cents is not happening...with or without 3 zeros. [Reference Guru Kaperoni post 11-14-2015]
11-16-2015 Intel/Newshound Guru Mnt Goat I now believe this project is being moved up from 2016 into 2015. Article: "ACTIVATING THE LAW OF CUSTOMS TARIFF MIDDLE OF NEXT MONTH" So bottom line is in the article...they are coming right out and telling us and I quote from the article – “the activation of the customs tariff law the middle of next month”. Why in the middle of next month then? They will be activating the RV at this same time! All these events are INTERCONNECTED leading towards one event, the RV... [post 3 of 3]
11-16-2015 Intel/Newshound Guru Mnt Goat I have said that only when you see these events (golden nuggets) could there be a strong indication of an upcoming RV window of opportunity. Such signs as news of launching the new 50k or 100k notes, articles about increasing the value of the dinar, distributing the lower denominations and coins, news of going international, deleting the zeros, putting the currency on a float vs fix regime, re-launching the tariffs, etc. So now we see that almost all of these events that I mention they have begun to address in some form or fashion over the last 2 weeks. This was all amazing news and all in such a short time period too. IT IS ONLY GOING TO GET BETTER! [post 2 of 3....stay tuned]
11-16-2015 Intel/Newshound Guru Mnt Goat ...let’s see where we stand today. -Amnesty law - second reading completed, 14 point of contention need to be resolved. -Mandates of the three presidencies (second reading was completed on 11/12) -Accountability and Justice law TBD ( suspect this will happen in the next couple weeks, we await in anticipation) -Final announcement of the Federation Council law TBD (again we await in anticipation) -Final report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference” in articles they told us they were targeting to conduct this conference in mid December. Targets usually mean just that and can be moved forward or back depending on progress. [post 1 of 3....stay tuned]
11-16-2015 Intel/Newshound Guru tman23 [has Shabibi officially returned to the CBI as governor?] NO...But we have seen him twice in photos now...with the Finance Minister...Zebari when meeting with the IMF. He is the "conductor" of the Orchestra. His whole life has been the study of...an emerging market during times of volitile oil prices.
11-16-2015 Newshound Guru Mike ...the IMF's involvement should help right the ship, they definitely need help in getting control over what's happening to the dinar and the reserves. One things clear, Iraq has to address these issues now. In January we all knew that things were beginning to unravel, the auctions were capped, the dinar lost value on the street and the reserves are slowing dwindling.
11-16-2015 Newshound Guru Enorrste [...does "removal of restrictions" mean going to float, market supply and demand?] Policies related to foreign currency and the removal of restrictions on foreign currencies means moving to a floating dinar. At present there are essentially no policies related to foreign currencies because the dinar is not tradable with foreign currencies. Thus until now they have had no need for policies related to them. However, with the movement to a float and international recognition of the dinar those policies will have to be put in place. More to the point, the IMF is saying that when they do move into the world market with the dinar they do not want any restrictions placed on conversions from one currency to another. In other words, they are calling for a free float.
11-16-2015 Newshound/Intel Guru BGG I have no comment on "the float theory" - it is certainly possible... I could care less if the IMF decides to resort to float... JUST GET IT GOING...once it starts - most realistic economists agree it will raise to a realistic value quickly if they do that. I do think the IMF will be a major determinate in the value of the IQD from here on... [could it be possible if the W.B. IMF actually FORCE Iraq to r/v?] not impossible - in one way or another...they are taking a direct "advisory role" as part of their financial support.
11-16-2015 Intel Guru Frank26 We are walking out of the RI and into the RV. The RV is multi dimensional with many positions for DRS [Dr. Shabibi]. ...He and They have told us of their surgical steps being taken in a Masterful MR [Monetary Reform] of their currency the IDQ.
11-15-2015 Newshound Guru Enorrste [What do you expect out of your (example) 1 million IQD...You paid let say...$1100 usd for it...are you expecting to make $400 usd profit over time...?] Much more than that. With reserves that are greater relative to their money supply than any country in the world Iraq is poised to become a powerhouse internationally. The ultimate value will be determine by the market itself. The CBI is very clear on this. Their goal, however, was specifically stated back in 2007: $3.33. That number was the value before Saddam came into power, and they are a very proud people who want it to be returned. My own view is that this may be conservative, given their reserves. [post 3 of 3]
11-15-2015 Newshound Guru Enorrste So, how many...think that tomorrow, or someday, the dinar will go from 1166 to 1 to, say, $3.50? [more and more i am of the opinion that it will get there in short order but not all at once.] ...you have hit the nail with your head! I agree 100%. I really don't think that most investors in the dinar know just how powerful a process (not an event) they have entered into. I also believe that once the float begins about 90% of the investors will cash in well before that process has fulfilled God's plan. [so then how could the IQD have a past rate of $3.22...which it did?] ...under the Saddam regime the rate was artificial but never recognized internationally. [post 2 of 3....stay tuned]
11-15-2015 Newshound Guru Enorrste In order to understand what is happening with the dinar it is important to see it historically as a process and not as an event. What we are seeing happen has been publicly exposed just last week by the entry of the IMF directly into the affairs of Iraq. They signed an "agreement" to let the IMF basically handle things from here on out. The very next day the announcement of the introduction of the large 50000 dinars notes came out, with a picture of the note itself on the CBI website. Bottom line: IMF is running the show and the money is already printed. [...the IMF getting involved to the extent they are now, is very good news then.] Not just good news: great news! The IMF is in favor of floating the dinar, not just for Iraq but for the world! [post 1 of 3....stay tuned]
11-15-2015 Intel Guru Frank26 IMO the LD's were distributed two days ago. This AFTER the 50K's were programmed...NOT DISTRIBUTED YET. THEY ARE POISED FOR 2016 BUT OH MY LORD THEY ARE SO READY FOR 2015!
11-15-2015 Newshound/Intel Guru BGG my unvarnished opinion is: I care little what the rate is - I'm just ready to see it get started because once it gets going - it will likely wind up at a real value fairly soon...what ever that number is - it will be "market driven".
11-15-2015 Intel/Newshound Guru Poppy3 RV IS MOVING ALONG AND THINGS ARE VERY PROMISING. THE DONG IS ALSO BEING DISCUSSED DAILY THAT THEY NEED TO INCREASE THE VALUE SO ALL NEWS IN GOOD. NOTHING STATUS QUO.
11-15-2015 Newshound Guru Kaperoni monetary policies are not reinvented weekly or yearly or whenever you want. They are tried and tested and well thought out...the IMF has a clear plan for the dinar...well documented...same for any other emerging market. ...the rate is the rate. when they transition its just that...one day we are pegged, the next we are floating. The rate is what it is at the time. Which today is 1166. the dinar is international now and they are not floating it...it is pegged. they want to free float, no limits. [if dinar is international now how come banks in the US can't buy or sell it?] simple they dont want to. I assure you if a bank wanted to exchange dinar, they could...too risky. [Did Shabibi say in Jackson hole Wyoming in 2010 that the rate would be 3.22?] I am sure the Iraqis would love 3.22 but they never said that would happen overnight. THe UST and the IMF and the fiance committee within the last week all told the CBI to free float the dinar...that is as clear as it gets...not an overnight event. [free float from 1166 correct?] ...where ever it is when they move is what it starts at. [post 2 of 2]
11-15-2015 Newshound Guru Kaperoni IMO the IMF under the new MoU (Memorandium of Understand) will manage the CBI monetary policy for a year. And IMO that will include helping them transition into the global marketplace...monetary policy is pretty straight forward and well documented...when the CBI wants to change, they simply will change the procedure...As they stated will occur before the middle of 2016. [Please explain the change in "procedure" by the IMF...] a change in procedure is fixed to float. there is no rv...the IMF Article IV, that is confirmation. [I think you have to consider conditions today...] the CBI already did that..what do you think the 50k is for? poor conditions prevent the CBI from moving at this time to a float. Therefore the 50k is a pacifier for the citizens. [IYO...is that also the move from a dual currency and operating only on the IQD?] iraq can never get rid of the dollar 100% they sell oil. [post 1 of 2....stay tuned]
11-14-2015 Newshound Guru Millionday [Do you believe till maliki is arrested we won't see a RV?] NO I DO NOT AGREE WITH THAT.
11-14-2015 Newshound Guru Aggiedad77 What is likely to happen...IOO...is the LD's need to be brought forward...why else would they have risked moving them from the US to Baghdad...to the CBI...not to bring them out...what purpose would that serve...but to bring them out...they need value...something far greater than 1166 as a value...have patience...be strong today and stronger tomorrow...the BEST is yet to come.
11-14-2015 Newshound Guru Millionday7 Article quote: "the «Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis gave the end of last week to the United Nations Security Council, the report prepared by the Secretary-General of the United Nations Ban Ki-moon on the situation in Iraq." THE UN SECURITY COUNCIL HAS APPROVED THE REFORMS GIVEN TO THEM A FEW DAYS AGO -- THIS IS THE LAST OF THE REFORM ACTIVATION -- THE ECONOMIC IS THE LAST ONE ACCORDING TO ALL THE INK I HAVE. THE MOVE FORWARD WITH THE LAST OF THE REFORM PACKAGES IS URGENT AND SO IS THE NATIONAL RECONCILIATION CONFERENCE ACCORDING TO THE UN SECURITY COUNCIL – THEY HAVE TOLD IRAQ THIS IS CRITICAL AND USED THE WORD -- URGENT -- LOVE IT.
11-14-2015 Newshound Guru Kaperoni ...the zeros (3 zero notes) cannot go away until the dinar has appreciated to a value that lets the CBI collect and destroy them. It does not mean they won't start to raise the value within the next few months as we predict. That being said, the CBI was clear, the 50, 100, 200 is expected to come out early or starting 2017. That would put the rate at or about .05 cents or so. ..which is what we expect. It may take 16 to 24 months to raise the value to a 1 to $1 rate in which the zeros are then "technically" deleted. I think everyone here expects the float to begin during the 1st half of 2016 which matches with the IMF statement and the goals for 2017. So in reality, if parliament passes the laws, investors begin to flock into Iraq, and the CBI (with the help of the IMF) gets monetary policy under control, the 50K note works to reduce the paper, and the decision is made to exit the peg to a float by mid 2016, the nominal rate could be less or more than that educated calculation (we think about 5 cents). Lot's of "ifs" here so we wait and see how it plays out.
11-14-2015 Newshound Guru Millionday THIS IS OUR PARLIAMENT UPDATE -- REMEMBER THIS SESSION IS EXTENDED FOR ONE MONTH -- THEY ARE WORKING. THE AGRICULTURE LAND LAW IS VOTED THROUGH -- AMNESTY IS READ TWICE AND READY FOR VOTE. IRAQ VOTED THE DRAft ACCESSION OF INTERNATIONAL RAILWAYS PER AGREEMENT...THIS IS HUGE FOR DIVERSIFYING WITHIN TRADE AND THEIR GDP % FROM OIL DEPENDING. THEY ARE VERY HAPPY WITH THE RESULTS SHOWING ON TERRORISM WAR - AS THEY SHOULD - THEY APPROVED 2016 BUDGET AMOUNT FOR REPRESENTATIVE PAY AND ALLOCATIONS. PARLIAMENT IS GETTING THE AGENDA DONE AS THEY HAVE PLANNED -- THIS IS HUGE.
11-14-2015 Intel/Newshound Guru Mnt Goat Article quote: “Haider said in a press statement child "Iraq law" that the purpose of the issuance of this category of the "50" thousand Iraqi dinars IS TO REMOVE THREE ZEROS FROM THE IRAQI CURRENCY IN THE DISTANT FUTURE, to facilitate internationalized currency among citizens”. Did someone say to facilitate internationalized currency (or in other words make the currency “international”)? WOW? ... we are just waiting for them to completed the RV process so they can trigger it. In the meantime they have given themselves enough of a timeline to try to complete the needed laws to support the reforms. These reforms will ensure Iraq can maintain and build a healthy economy afterwards. They are definitely setting themselves up for a near future global currency and a significant increase in the value of their currency. No doubt about it! This is the time! [post 2 of 2]
11-14-2015 Intel/Newshound Guru Mnt Goat I am now hearing they plan to start up the “project to delete the zeros” once again next month (December) and also launch the new 50K notes at this time. Launch the 100k notes in early 2016. Remember they can’t launch these new notes without some significant increase in the value of the Iraqi dinar. Also the lower denomination bills and coins must also be launched at or about the same time period since the 50k and 100k notes are to be part of the long term, permanent currency for Iraq along with the new lower denominations and coins. Keep a close eye out especially for news of the launching of the coins. Why? Because if they launch the coins they MUST RV FIRST...they unsuccessfully launched coins in the past without an RV and it was a huge blunder. This mistake cost them billions. [post 1 of 2....stay tuned]
11-13-2015 *** Dinar Guru Update *** Trump or Carson, now the republican's turn, who's better for the dinar if president? Share your opinion in the poll above. You've read the guru updates, LOTS swirling around Iraq and the dinar lately...It appears the CBI has in fact issued 50K and 100K notes...the guru's are debating if this is a good thing, bad thing or neutral...One thing for sure...dramatic things are in motion right now before our eyes! If you are not already on the Dinar Guru Alert list, now is a great time to do so--Click Here. Latest guru updates continue below...
11-13-2015 Newshound Guru Kaperoni Article quote: “many long term investors in emerging market currencies, for example, have been able to benefit from the appreciation of those currencies which is arguably due to the Balassa-Samuelson effect.” In other words, this reference to the “Balassa-Samuelson effect” hypothesis which in essence is described as “a rapidly expanding economy creates a rapidly appreciating exchange rate” will give us an opportunity to benefit from that appreciation. That can only mean free float. The word “rapid” only make sense in a free float. It also means the IMF knows and endorses the plan. It also means that the dinar we hold is legitimate and was sold with an intended purpose. So there u go...the dinar will rise and we will profit from it.
11-13-2015 Intel/Newshound Guru Mnt Goat I told you about an effort to form new “reform” blocks consisting of those party members who support the Abadi government and all its reforms. These blocks make up the majority of parliament. This is tied to the Parties Law as the law sets standards as to party members and who can be involved in the government. Many of the past corrupted officials are now excluded. This is in part why we are seeing these last remaining laws move so fast. As amazing as it may seem, all these events...have all happened in just a very short time period. It is very much timed and connected to the formation of these new reform blocks. I have predicted most of these events would come to pass just prior to or in very close proximity to a significant change in the value of the Iraqi dinar. So let’s now see what comes next in the coming weeks. This is going to get even more interesting as the near December. The news is terrific and we shall see an RV shortly and I firmly believe it will be sooner than later. This is the period of real change Iraq and it is all now happening at warp speed.
11-13-2015 Newshound Guru Millionday THEY ARE PLANNING A COMPLETE ECONOMIC REFORM. THE ANNOUNCEMENT BY ABADI TODay WAS THE ACTIVATION OF THE ECONOMIC REFORM NOW --- IMO. MONETARY POLICY IS ON FAST TRACK...GLOBAL POSSITION.
11-13-2015 Intel Guru Frank26 Don’t get depressed that they added 000’s... They are working on the RI...the RI has nothing to do with the exchange rate or the value...the currency is being poised. The currency of Iraq is poised for 2016 but boy is it ready for 2015...even though they are ready right now we still have some things that have to grow. IMO...we are not going to see anyone or anything until we see Maliki arrested and other bad people too...very soon.
11-13-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: the issuance of Class 50 000 will enhance the purchasing power of our currency" ...the hope is that that dinar comes out of shoeboxes and pillows and begins to be used on a more regular basis and less on the dollar. Obviously, the CBI wants to hold on to dollars and they are hoping this puts less demand on the auctions as well as consolidate the physical paper in circulation. As for our dinar, we do nothing. No need to try and get these or worry that our notes are ending or anything like that. Until the exchange rate begins to rise, this has no effect on us. ...the CBI stated once the "delete zeros" program starts, they will accept the larger 3 zeros notes for up to 10 years...(of course they could always change that). Relax all. We have months yet to go until the CBI is ready to exit the peg and float...But they are now on the "clock" sort of speak as this note is part of the procedure to restructure the currency.
11-13-2015 Newshound Guru Millionday Article quote: "Governor of the Central Bank of Iraq to respond to statements that relate to monetary policy" THIS IS DISCUSSING THE ACTUAL APPLICATION OF THE US DOLLAR RATE AND INTERNATIONAL RATES. SO WE HAVE EITHER A FIXED -- OR MARKET FLOAT FROM A RATE OR A MANAGED THAT ALLOWS IN MOST CASES 2% FLUX ACCORDING TO THE REPORT.
11-13-2015 Intel Guru EXOGEN Article quote: "...on Thursday, and documents the new general amnesty law based on what passed by Parliament and approved by the President of the Republic..." GENERAL AMNESTY LAW HAS BEEN PASSED IN IRAQ. THE SIGNIFICANCE OF WHAT THIS LAW MEANS IN REFERENCE TO YOUR CURRENCY INVESTMENT...THE AMNESTY LAW IS JUST AS BIG AS THE HCL, COMPLETE GOI, REFORMS PACKAGES, AND OIL AND GAS LAW. IT IS THAT BIG AND THAT SIGNIFICANT TO THE COUNTRY OF IRAQ FOR STABILITY. THIS LAW IS THE START OF THE FIX OF ALL THE TRILLIONS OF IQD STOLEN FROM GOI MEMBERS AND CBI MEMBERS. MANY SCHOLARS OF THE IQD HAVE STATED FOR MANY YEARS THAT "THERE IS NO WAY AN RV OR AN RI COULD TAKE PLACE WITHOUT THIS AMNESTY LAW"!
11-13-2015 Intel Guru Frank26 So no LD’s, no Dr. Shabibi, no increase in value, no laws...until Maliki and Allak are gone...the CBI is taking action... meanwhile the Parliament has completed its own first reading of the 2016 budget...fast and historical...meaningful for their reforms...if they get a second reading...it will put Dr. Shabibi’s desire to lift the 000’s in harmony with the first of the year. [post 3 of 3]
11-13-2015 Intel Guru Frank26 The USD is not being used in Iraq...they are going through an RI...pricing goods...using their own currency to march into Article 8...so they can march into an RV. ...in my strongest opinion...Dr. Shabibi will come out at a low rate...maybe 10 cents, 20 cents...that is what I call a low value...logic says you will start out at the first steps and watch it go upward. ...the RI is to reestablish the IQD at an international level and international usage. [post 2 of 3....stay tuned]
11-13-2015 Intel Guru Frank26 The Warka Bank was invited to participate in the CBI currency auctions...this is big because the Warka Bank was established by so many men and women from international countries...to see Warka in this process...this is wonderful...I still don’t think we will see things until Maliki and Allak are taken care of...Maliki’s arrest warrant was put out over a month ago, but no one has done it...too many are afraid for themselves and their families. [post 1 of 3....stay tuned]
11-13-2015 Newshound Guru Kaperoni Article: "The central bank issued banknotes fifty thousand Dinars category" Its officially on the CBI site now under announcements.
11-13-2014 Newshound Guru Breitling [If/when banks exchange…how's that going to work?] If they can't verify the currency by having the right money counters with the right chip in it, what they do is send it to the treasury department to confirm it. You get a certificate. the treasury department confirms it and that amount is credited to your bank account…they are not going to give you a bunch of cash right there on the spot. banks don't have that type of money to give you that amount of cash. Another Issue people have is ["Where are they going to get all this money?"] It's an EXCHANGE. So they get your note and you get a US dollar based on the value…so they are not buying your notes.
11-13-2015 Newshound Guru wmawhite Article quote: "... the environment is ripe for the replacement of the currency value or delete the zeros of them." Shabibi had always said that the government must support the monetary change. The Finance Committee has always been the lone critic...now they are saying the timing is ripe.
11-13-2015 Newshound Guru Millionday THE PLAN WAS INTRODUCED TO BE SMALL DENOMS -- COINS -- THE INTERNATIONAL EQUATION AND THE 50,000 NOTE -- THE 50,000 NOTE WAS INTRODUCED. IF THIS IS BAD NEWS -- IT SURE HAS MISSED ME...IT IS GOOD NEWS. THE SECURE 50,000 IS RELEASED FOR STRATEGIC PURPOSES --- COULD BE TO HavE A CERTAIN AMOUNT OF PAPER CURRENCY ON HAND -- COULD BE TO BUY A VERY EXPENSIVE CAR CASH ONLY -- BUT IT WAS PLANNED ALL ALONG.
11-12-2015 Intel Guru SteveI Topic: "Control of the international road between Sinjar and Raqqa Syria" Once they control Mosul, then we have a very good chance of seeing this before the first of the year or just into the next year.
11-12-2015 Newshound Guru Adam Montana [ I read...that the first reading was completed yesterday. Then it said the next session would be next Thursday [today]. ...will the second reading of the budget take place then? If it does, will there be a 3rd reading then a vote? How long before a vote do you think?] It's scheduled for Monday now. There is no requirement for a 3rd reading, but it's always possible. We will see on Monday/Tuesday how it pans out.
11-12-2015 Intel Guru Frank26 ...the last time I was with you I made a mistake...when I make a mistake like I did last night, I come to you and tell you of them... I...said to you...that Iraq has reinstated its currency...that they have RI’ed, no in my deepest apologies, no they have not reinstated or RI’ed. [reference Frank26 post on 11-11-15]
11-12-2015 Intel/Newshound Guru Mnt Goat Our 3rd golden nugget of the day – Thursday 11/12 will be the Second reading of a bill defining the mandates of the three presidencies. Wow! Folks we are [on] the cusps of the final conclusions to what we have been waiting for so long. The news is terrific and we shall see an RV shortly and I firmly believe it will be sooner than later. This is the period of real change Iraq and it is all now happening at warp speed. [post 2 of 2]
11-12-2015 Intel/Newshound Guru Mnt Goat Our 1st golden nugget of the day – We know that last Tuesday parliament conducted the first reading of the 2016 budget. Today we read articles from the news media in Iraq telling us that parliament intends to conduct the second reading of the 2016 budget on next Monday 11/16. Since when have they had two readings in the same week? Our 2nd golden nugget of the day – ...out pops another news article that the Amnesty law will finally get its first reading in parliament. ...just about a week since the passing of the National Guard law they are in fact now addressing Amnesty. I have always known that Amnesty is required prior to any RV. [post 1 of 2....stay tuned]
11-12-2015 Newshound Guru tlm724 it's no coincidence that the CBI is showing it's hand right now, think about all we have learned in the last few days, since the the most recent agreement with the IMF and now we have the 50 k note released and further details to the depth of corruption in the banking system... I think the IMF FINALLY got their point across about Iraq;s economic and currency policies! if Iraq wants to save themselves then the IMF will help them do so, the current trend I see is that Iraq DOES want to save their economy.
11-12-2015 Newshound Guru Bondlady just remember this when your thinking of the 50k...its their 50 dinar basically...this is their way to dedollarize, which is better than releasing a 100k... and it helps the keep inflation low...helps Iraqis carry less money...stopping so much use of us dollars which has also been used an smuggled to help fund ISIS and money laundry...forcing them at the same time to apply the anti- money laundry laws and it'll also pull back into the CBI the smaller notes which will eventually raise the dinar exchange rate for us and more purchasing power for the Iraqi people IMO.
11-12-2015 Newshound Guru OOTW [REFERENCING A VIDEO...FROM MAY OF 2015] BASICALLY, THE PLAN OUTLINED VIA THE TRANSLATION/TEXT STATES THAT THEY WILL US THE RELEASE OF THE 50K NOTES IN ORDER TO PULL IN THE CURRENT LOWER DENOMINATIONS AND THEN WILL RELEASE OTHER LOWER DENOMS WITH A HIGHER VALUE – THE WAY I UNDERSTOOD...THE INTENTION IS THAT THE NEW (REPLACEMENT) LOWER DENOMS WILL BE GIVEN A NEW VALUE AND THAT IS ALL...
11-12-2015 Intel Guru SteveI ...the new 50K note...Iraq has been talking about this and educating the people for the past 6 months or so that this was only a temporary measure to stop the massive counterfeiting of the 25K and 10K notes that ISIS and others have produced. The citizens understand that once the value changes and the three zeros are dropped, then they will be turning in these notes for the final more valuable notes. This new note from what we have been told is extremely hard to counterfeit and will stop that dead in its tracks. Excellent move as it will draw in all of the 25K and 10K notes inside Iraq and this has nothing with the good notes outside of Iraq that we hold. Once Mosul is fully under control, I see this changing value fairly quickly, most likely when the 2016 budget is officially put into place. Excellent progress and the end is very near.
11-12-2015 Newshound Guru Aggiedad77 Dinarland today is alive and on fire...Each 24 hour period brings in more and more things, more information, more intel...the news media remains so very friendly...The CBI is opening up...they might make you wonder...but behind it all, they are led by a great man...a man who knows what needs to happen...he has the security that PM Abadi has given not just to the CBI but to all of Iraq...100% security...We watch for one thing IMO...the handcuffs...to embrace Maliki for all his wrong doings and corrupt ways...
11-12-2015 Newshound Guru Millionday [so if the IQD comes to a new value of $3 then that new 50K note will be not usable to the average Iraqi at over $150,000.00 US. Only use would be between banks...correct?] THE US DOLLAR RATE WOULD BE ONLY APPLIED OUTSIDE THE COUNTRY -- THE PRICES WILL DECIDE THE USE AND NEED OF SMALL DENOMS AND COINS ALONG WITH LARGE NOTES ETC WITHIN THE COUNTRY -- BUT THE EXCHANGE VALUE TO ANY OTHER CURRENCY HAS NO APPLICATION TO THE ISSUING OF NEW SERIES EXCEPT THAT IT IS PART OF THE ECONOMIC REFORM AS IS THE GOAL TO GO TO A MARKET ECONOMY AND ALSO THE RATES FOR INTERNATIONAL RATES AND MARKET FIGURES, BANKING ETC. [post 3 of 3]
11-12-2015 Newshound Guru Millionday [why would they wanna put out a 50,000 note if their planning to raise the value, ie RV?] THEY ARE NOT JUST PUTTING OUT THE 50,000 NOTE ACCORDING TO THE PLANS I HAVE READ OVER MANY YEARS --- THIS WAS DONE AS A 'STRATEGIC' MOVE IN THE REPORT I READ AND MANY OTHERS --- THEY ALSO PLAN TO RELEASE SMALL NOTES AND COINS BUT THE 50,000 IS MORE SECURE -- MANY COUNTRIES HAVE AS PART OF THEIR CURRENCY SERIES VERY HIGH BILLS AS WELL -- THEY ARE JUST NOT CIRCULATED ON THE STREETS FOR OBVIOUS REASONS OF GLOBAL PRICING ETC. [post 2 of 3....stay tuned]
11-12-2015 Newshound Guru Breitling This is an official statement from the CBI…they are going to issue the 50K dinar note. But before you get your underwear all bunched up in a wad and panic…all that tells us is that it doesn't devalue the currency that you and I have…it doesn't mean there not going to revalue their currency…it just means that it's going to float. This is an indicator on whether it's going to revalue at 1 buck and 1 shot as a crunch down on liquidity or are they still going to float it and the value is going to go up very slowly and so that's our answer…they are adding the 50K dinar note and the 100K dinar note. The next logical question is, "are they adding to the note count?" NO, they are NOT. So you have to look at it as a balance. they probably took off a certain amount of 25K notes and they issued these notes to balance it out. The statement from the CBI is to get rid of 70% of the currency (liquidity) that's out there and then go from there…we've been watching that. This hasn't changed anything.
11-12-2015 Guru Newshound Millionday Article quote: "Baghdad announced the Central Bank of Iraq, Wednesday, for issuing a new banknote fifty thousand Dinars category..." WE HAVE READ IN THE PAST THAT PART OF THE NEW CURRENCY PLANS INCLUDED A 50,000 DINAR NOTE... A REPORT WAS OUT WHEN THIS WAS FIRST ANNOUNCED THAT IT WAS FOR STRATEGIC REASONS -- OBVIOUSLY FOR SECURITY AS WELL -- THEY HAVE BEEN SAID TO HAVE THE MOST ADVANCED SECURITY AVAILABLE. AS SOME CAN REMEMBER -- THE KURDISH REASON WANTED KURDISH LANGUAGE ON THE NEW CURRENCY -- MEANING ALL -- SMALL -- COINS AND LARGE. THIS IS HUGE AND GREAT NEWS. [post 1 of 3....stay tuned]
11-12-2015 Newshound Guru firefly Those 50k and 100ks will not be used by the citizens. IMO they will be used by the government. The lower denoms is for the citizens of Iraq. This is what we have been waiting for!
11-12-2015 Intel/Newshound Guru tman23 You see a 50,000 dinar note released for circulation...it is NOT GOOD! You know it, I know it, and the spin on making it a positive event is just impossible to swallow! IMO!
11-12-2015 *** Dinar Guru News Update *** The first potential real image of the new Iraqi Dinar 50K note has surfaced. I will send this image to dinar guru members shortly...if you're not a member but want to be...click here now...it's free as always and you get great dinar info...
11-11-2015 **** Dinar Guru NEWS FLASH **** There are multiple guru camps reporting that 50,000 dinar notes have been released to the Iraqi Banks. This has NOT been confirmed with a photo or official statement from the CBI just yet. Many things appear to be happening right now and the note release would be another HUGE action. It is not clear what impact this new note would have on the rate...gurus continue to disagree and debate this. Stay tuned and this exciting story unfolds...latest guru updates will continue below.
11-11-2015 Newshound Guru Enorrste "The central bank issued banknotes fifty thousand Dinars category" Once again we see that the plan is still in place, although delayed. We had expected to see this in August as I recall. Coming out now is just about consistent with our understanding of Iraq's delayed timing schedule. This confirms for me, in spades, that we will see the withdrawal of the 25000 notes during the next month or so, followed by a gradual reduction in the money supply total itself (value, as well as number of notes in circulation), thus setting up the scenario required to release the dinar to a free float. I would not even be surprised to see a 100000 note come out within the next 45 days. All in all this is turning out to be a very good week.
11-11-2015 Newshound Guru Adam Montana [ I want to know, if the HCA (Hydro-Carbon Agreement) went to Parliament, with the 2016 Budget, on last Wednesday (11/04/2015).] Everything I know about the current situation tells me that the HCL will be part of the budget, and it looks very positive to pass quickly.
11-11-2015 Intel Guru Frank26 ...the IQD is no longer pegged to the USD...we heard this earlier this year...so what are they pegged to.....the SDR. the USD is in a...basket...yes that basket has USD in it...but they unpegged from the USD earlier...yes they did...but this...basket it looks so nice...it is so SECURE with what you see in it and the IQD will gladly peg with this SDR basket. Someone said last night...ReInstatement...bring back the old rate...STOP. What is an RI? ...when a country does a reinstatement of their currency they are simply doing this for international use and RECOGNITION. They first have to RI...IMO...THEY JUST DID. They have busted their borders wide open as they move into Article 8. The moment the blessing occurs...when they RAISE the VALUE...THAT IS AN RV!
11-11-2015 Newshound Guru Adam Montana It really looks like things are moving along as awesome as possible, so if we don’t hear anything disastrous, I’m thinking that this train is ROLLIN’! The only real update/news to report is this: Second Reading of the budget is on Monday... They have already given us all the info we need to suspect that the HCL is definitely in the Budget, and compared to how Budget readings went in the past, this one is FLYING along!
11-11-2015 Newshound Guru mike Article: "The central bank issued banknotes fifty thousand Dinars category" I guess I'm waiting to actually see the note, I've looked at several sites for confirmation and haven't found anything. I won't be surprised to see a retraction by the CBI tomorrow, there's no official attached to this news, like Keywords for instance. My position as to why they're printing the notes is the same, they're going to increase the money supply in Iraq if they print these bills. For me, it makes no sense to print larger notes to reduce note count, in fact, it's never been done in the history of fiat currency. However, if they do remove the dinar from the peg and allow a currency that's not in article VIII compliance to float, they're going to need these larger notes when the value drops to 1500-1. Taking away the auctions is going to remove the biggest tool the CBI has to maintain the value and it's going to cause the dinar to crater. How can I be so sure? Because I watched what happened in February when they capped the auctions at 75 million. It will be even worse with no auctions.
11-11-2015 Intel/Newshound Guru tman23 [do you thing with the isssue of 50 k notes will hold up the rv?] They have said the "new" must come first as a prelude to the lifting of the 3 zeros from the currency notes...So end of Oct was 6 months after the removal of the 50 note (officially) from exchange. THAT 50 NOTE WAS GOING TO INTERFERE IN SOME WAY WITH THE 50,000 NOTE LESS 3 ZEROS. THERE IS AN EDUCATIONAL PROCESS THAT MUST GO ALONG WITH THE CHANGE. JUST KNOW THEY ARE CHANGING AND THE SALARY LADDER ALONG WITH PENSIONS AND SOCIAL SECURITY WITH CUTS AND CHANGES INDICATE A DIFFERENT RATE MAY BE APPLIED...BUT I AM CONFIDENT THE 3 ZEROS ARE NOT PART OF 2016.
11-11-2015 Newshound Guru Enorrste Article: "The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language..." Article quote and explanation from 5-24-2015: "this is a preliminary step to remove zeros from the Iraqi currency in the coming years", adding that "these two categories will facilitate the process of deliberation of the Iraqi dinar exchange for hard currency." The quote specifically says that both the introduction of the larger notes AND the removal of the three zeros notes after that will lead to the "deliberation of the Iraqi dinar exchange for hard currency." In other words, the article's writer is confirming my analysis that the introduction of the larger notes will lead Iraqis away from dollars since they will, after their introduction, have their own equivalent of a $50 and $100 bill, although worth just slightly less. This will reduce the demand for dollars, and probably quickly, since they won't have to pay the 8% "vig" to get the dollars anymore. Reduction in dollar demand is the same as increasing demand for dinars, meaning the value of the dinar will begin to rise. At some point, "over the next years" and after they change the exchange rate regime to a float, the demand will reach levels where the three zero notes will be withdrawn due to their being worth too much to carry.
11-11-2015 Newshound Guru Revbo Article quote: "The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language..." I know they had originally said these were going to be out this year, but all the news, for the past six months, has been that they would be out sometime in 2016, which, to me, always sounded like an indefinite postponement with no guarantee that they would ever be released, but certainly not before 2016. Now, the day after the Fed tells them to get on with monetary reform and they sign the MoU with the IMF, they put them out there. That can't be coincidence. [stay tuned for explanation from Guru Enorrste]
11-11-2015 Intel Guru Frank26 ...you are NOT going to see the LAWS implemented...you are not going to see the Lower Denoms given to the Baby Banks...You are not going to [see] Dr. Shabibi take the helm of the CBI...you are NOT going to see Dr. Shabibi announce his monetary reform process option... UNTIL WHAT...Until MALIKI is walked to the gallows... So when will we see an increase in value...Dr. Shababi at the helm...the LD’s released to the banks...the laws implemented.
11-11-2015 Intel/Newshound Guru Poppy3 I EXPECT RV PRIOR TO CHRISTMAS AND POSSIBLY EVEN THIS MONTH. TIME WILL TELL BUT SECURITY IS NOW GREAT, THE GREEN ZONE IS ALL OPEN AND THEY HAVE FREEDOM TO MOVE ABOUT AT ANYTIME. THEY PROMISE TRADE INTERNATIONALLY BY 2016 WHICH REQUIRES A RATE AND FOR THAT RATE TO HAVE TIME TO MOVE THEM THROUGH THE WTO AND THAT TAKES A MINIMUM OF TIME... THIS IS WHY I THINK BEFORE THE END OF THIS MONTH IS NEEDED. THERE ARE SEVERAL OTHER THINGS... THEIR ISX IS TO OPEN INTERNATIONAL TRADE BY JAN 1. OTHER PROMISES ARE THEY WILL HAVE DAILY ELECTRIC SERVICE FOR ALL OF BAGDAD. THAT WAS SAID TO REQUIRE MILLIONS THROUGH THE BUDGET...THE CARDS ARE STACKED IN OUR FAVOR MORE THAN EVER. [post 2 of 2]
11-11-2015 Intel/Newshound Guru Poppy3 MANY...STILL DOING THEIR BEST TO CALL FOR A FLOAT STARTING LOW THEN CLIMBING WITH A MARKET VALUE FLOAT. WELL...LOW VALUE DOESNT MAKE A BIT OF SENSE AND ABSOLUTELY DOESNT SOLVE ONE PROBLEM FOR IRAQ. LETS SEE...WOULD IT FUND THE BUDGET (NOT AT ALL)...DOES IT ATTAIN ANY LOANS (NOT AT ALL)...DOES IT LET THEM SELL BONDS (NOT AT ALL)...MAYBE PAY RETRIBUTION THEY HAVE PROMISED (NOT AT ALL). MAN I COULD GO ON BUT THATS MORE THAN ENOUGH REASONS THAT THE RATE WILL BE WHERE IT HAS BEEN STATED MANY TIME BY PEOPLE THAT MATTER..NEAR OR ABOVE $3.00 PLUS. [post 1 of 2....stay tuned]
11-10-2015 Newshound Guru wmawhite ...the US went through a delete the zeros, sort of, many years ago. The US treasury has and still has 10,000, 5,000 and 1,000 notes today that are legal tender...but why are they not used? The same thing will take place in Iraq. Again, delete the zeros, lift the zeros, pertains to the eventual drawing in off the streets, out of the market place the larger notes.
11-10-2015 Newshound Guru Enorrste In other words, it seems to me that the IMF has been given the helm of the CBI and that from this point through to the implementation of the float it will be the IMF that is determining the timing and the actual events that will lead to this implementation. Since KAP [Guru Kaperoni] has been so effective in reading up on the IMF and reporting what he has found, we know that the IMF has a worldwide plan to make the dinar a powerful tool for the entire world economy. Thus this "memorandum" may actually be a subtle statement that the IMF has run out of patience with the Iraqis and their own time frame. Therefore, I see that things will move forward much more quickly now as the IMF (and the World Bank) have recommended for well over a year now.
11-10-2015 Newshound Guru Enorrste The IMF itself made a statement about a month ago that Iraq would "enter the world market" at the beginning of 2016. We see now that the manner in which the IMF could guarantee such a statement is that they had worked out a deal to guarantee that what they said would come to pass. That guarantee is this "memorandum of understanding" between the IMF and the CBI. Considering that the IMF made its proclamation about Iraq "entering the world market" a month ago, it seems to me that this memorandum of understanding is actually a much more powerful document than just an "understanding." [post 1 of 2....stay tuned]
11-10-2015 Newshound Guru wmawhite ...the writing has always been on wall. There are no secrets as to what Iraq intends to do...once it is done all of the investment community will not be surprised because it is expected. The only part that remains is the timing.
11-10-2015 Intel/Newshound Guru Mnt Goat First they intend to come out with a very low rate (unknown ??) and let if float for 4-7 days. During this time period they will issue the new lower denominations paper and coins. Then after this initial float they will revalue the currency to the true value and let it float also. They will of course cap the float and when it hits the cap after climbing as the market adjusts it then will settle down to the normal rate going forward. We have been told this normal rate will be above the Kuwaiti dinar. Could the RV go prior to late December? Sure it could and anything is possible in this situation. However...there are still a few pieces they need to put in place prior to the RV. I have to tell you it is getting better and better as we near December. Let’s see what other golden nuggets they bring us in these coming weeks. [post 3 of 3]
11-10-2015 Intel/Newshound Guru Mnt Goat Many GOLDEN NUGGETs. Wow! - So many nuggets just recently on the currency reform. Last week it was about the issue of a “fixed” vs “float” now its about the effects on the continuance of the “project to delete the zeros”. The good news they are discussing it again along with other items very pertinent to the RV and they are all goodies we expect and should expect right about now to see. The timing is perfect. Now we see in this article...that they have made a decision to float the currency and it will be solely the CBI’s responsibility. In floating it they will get off the peg strictly to the US dollar and use instead an SDR. They admit now is the time to float. Going on the SDR tells us they plan to float it but this time go international since the SDR is pegging against a basket of other international currencies and not just one such as US dollar. So how will this float work... [post 2 of 3....stay tuned]
11-10-2015 Intel/Newshound Guru Mnt Goat So far we are seeing many things on path for a late Dec 2015 or early 2016 RV window of opportunity. There is a very strong indication for this window. ...I asked everyone to be on the look out for certain events. I have said that only when you see these events (golden nuggets) could there be a strong indication of an upcoming RV window of opportunity. Such signs as news of launching the new 50k or 100k notes, articles about increasing the value of the dinar, distributing the lower denominations and coins, news of going international, deleting the zeros, putting the currency on a float, etc. Iraq simply is not going to just trigger an RV without doing all the needed preparation for it. NEVER before since 2012 have we seen such discussion and events unfolding to indicate an RV is just on the horizon. ...we read that today parliament plans to do the first reading on the 2016 budget. [post 1 of 3....stay tuned]
11-10-2015 Newshound Guru Kaperoni (Press release) "Iraqi Central Bank Governor responded to the remarks relating to monetary policy" This is really interesting IMO. First his response to the recent articles (floating, etc) is rather quick. So I think some of this is to curb speculation. He also mentions though at the end "The bank will soon launch its strategy for the years 2016 - 2020" which is interesting as it is falls in line with the timeframe they have mentioned several times to delete the zeros. Let's hope that early 2016 is the beginning.
11-10-2015 Intel Guru Frank26 All reforms are going to break loose in Iraq...but we don’t know when they will be implemented. I believe the AMENDMENTS to the LAWS...have been done! If they amended the laws...that is done for a new international rate – otherwise, what was the purpose of changing the 1166 rate? There is a NEED...there is a change coming! The lower denoms are in position (IMO). The movement of the LD’s are 3 weeks ahead of schedule. The new 50’s and 100’s are the brother and sisters of the lower denoms in Iraq. This will allow the new rate to come forth – because mathematically IT WILL NOT WORK without them. To see the lower denoms travel (and ordered by the IMF to be released by December 31, 2015) and the holy men of Iraq are screaming for the laws to be implemented...this is amazing! We have the banks...the permission (IMF)...and laws (international status)...and Iraq is ready to explode in value. [post 2 of 2]
11-10-2015 Intel Guru Frank26 [via FrostyTheSnowman] The former Secretary of State of the US told a reporter on CNBC that the military was guarding Iraq’s currency. We believe that this currency has now moved. We have verified this, and the lower denoms have left the USA... IMO – the bird landed at its final destination. IMO the lower denoms are in Iraq now...only because it’s 100% secure. Dr. S [Shabibi] has these documents under his arms (100’s of them) against Maliki. Dr. Shabibi is getting ready to get rid of the so the so-called governor of the CBI (Allac). Apparently the 100’s of documents will also implicate Allac along with Maliki. He was a part of the scheme that was played out on a global scale. [post 1 of 2....stay tuned]
11-10-2015 Newshound Guru Kaperoni Article quote: "...staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.” the IMF has wanted this for sometime...
11-9-2015 Newshound Guru Kaperoni Article quote: "the Council of Ministers may ask the Central Bank "soon" to leave the currency auction and resorting to "float the dollar" In years past, their were numerous articles that always said the Council of Ministers did not approve under the Maliki governments. In fact, Maliki came out in public in August 2012 and said the CoM voted against Shabibi and the CBI's reforms demanding he stop (that was when he ran him out of the country with the warrant), yet, there was no record of a CoM meeting or any minutes from the CoM ever stating that. To have an article that clearly states..."..the Council of Ministers may ask the Central Bank "soon" to leave the currency auction and resorting to "float the dollar".." is absolutely awesome and confirmation that the CoM and Abadi are on board with the reforms. Hopefully as [Guru] Enorrste said we will see something very soon.
11-9-2015 Newshound Guru firefly IMO it will RI to its former rate plus 20% for inflation according to documents then it will remain a managed float of 2% up or down. This is just my opinion basing it on documents. Remember...NOBODY knows what it will actually come out at. The WB and IMF put something into International banking law a few years back so unless it has changed I'm sticking with it. 1:1 would not help them...IMO. They need money and they need it now. They only have one chance to get this right. Any miscalculations could cause disaster... AND...Their debt is much higher than a 1:1 could fulfill. [do you think a chance this year?] I don't do dates but would be very surprised if it did...get out of 2015 that is. I know one thing for fact...They wouldn't be doing all this talking and planning unless they intended to do something and SOON. I'm expecting something soon. I believe they are very close.
11-9-2015 Intel/Newshound Guru Mnt Goat What is interesting too is we know that Iraq has very large stashed of the newer lower denominations but they will not distribute them now. Why? Cause these notes are associated with a significant increase in the value of their currency. This alone tells us they must come out with a value much higher than the US dollar many are now using on the streets or what is the incentive to turn them in for the lower denominations later? We must watch and wait for them to complete the launching of these lower denomination bills and coins as a sign the RV is close at hand. The finance committee told us earlier this spring they were halting the “project to delete the zeroes” until sometime early 2016. We must watch and wait for them to re-launch this project as a sign the RV is close at hand. [post 2 of 2]
11-9-2015 Intel/Newshound Guru Mnt Goat So far we are seeing everything is on path for a late Dec 2015 or early 2016 RV window of opportunity. We are now into the second week of November already and I we see this movement to get the budget completed going on. As we inch our way towards December the progress we have been long awaiting is happening each week and all is looking very good. Iraq is targeting Dec 1st to complete the budget and have it passed thru parliament. 2015 told us about the plan to use the new 50k and 100k notes. Said they would launch the 50k notes before the end of 2015. These notes are not part of the provisional post war notes but will coincide with the new permanent money of minted coins and lower denominations. We must watch and wait for them to launch these 50k notes as a sign the RV is close at hand. [post 1 of 2....stay tuned]
11-9-2015 Intel Guru Frank26 THE HOLY MEN IN IRAQ ARE BEING LED BY THE #1 HOLY MAN SASTINI AND BARKING AT THE PARLIAMENT TO GET OFF A'S [ABADI'S] BACK AND IMPLEMENT THE REFORMS WHICH THERE ARE MANY OF. THE MONETARY REFORM IMO...BEING THE MOTHER OF THEM ALL RIGHT NOW. THESE HOLY MEN ARE HIGHER THAN ANY COURT IN THE LAND OF IRAQ RIGHT NOW. THEIR RELIGIOUS FEAR IS SUPERSEDING ANY REMNANTS OF A DISINTEGRATED REGIME OF MALIKI'S OLD FEAR. SATURDAY MY OPINION WAS THAT THE LD'S HAD LEFT THE USA.
11-9-2015 Newshound Guru Kaperoni ...Maliki and the CoM were the problems/holdup under Shabibi holding up everything he tried to do. In fact, once stating.."we demand..." So IMO the CoM is very important. The very fact the CoM is on board (it appears anyway) is a great thing!
11-9-2015 Newshound/Intel Guru BGG Article quote: "the Council of Ministers may ask the Central Bank "soon" to leave the currency auction and resorting to "float the dollar"; because according to sources provides state what it called "significant returns Dinareh", to feed the state treasury, the dollar exchange rate..." While I am not sure it's going to be some measure of a "float" (though it may well be what they finally resort to)... what is VERY INTERESTING is the timing. ...it fully appears they are headed towards some currency adjustment with the intent of bridging this budget gap... It sounds like to me - (the "float" term could mean several things)... they are intent on something happening soon. ...my opinion (and that is all it is...) - if such an event occurs - it will likely move up very quickly (relatively speaking, of course)...IMHO - it won't take long to reach a realistic value (and that is what would help their budget).
11-9-2015 Newshound Guru Stryker "Parliament agenda number 35 Tuesday 10 November 2015." "Fifth: The first reading of the draft general budget of the Federal Republic of Iraq for fiscal year 2016 (the Finance Committee, the Legal Committee). (Article 38)." URGENT: 2016 BUDGET IS ON PARLIAMENTS AGENDA.
11-9-2015 Intel/Newshound Guru tman23 They have the AML and Investment Law...But neither is activated...They have the salary ladder hanging ... and there is 2 things we are missing (do not know exactly what they are) for the "five axes" to the reforms... Then Abadi will announce the SECOND PHASE... I am assuming the second announcement will be BIG.
11-9-2015 Newshound Guru Mike Article: "Dr.. The appearance of Mohammed Saleh *: savings imbalances in Iraq: vision diagnostic **" It's pretty clear that Saleh understands what's going on... Like Saleh said...borrowing won't work and they can't change the price of oil, the only thing they can do is get the economy up and running. I just don't see how they can do that without an internationally accepted currency to purchase imports with and the tariff's to protect those brave enough to start businesses in Iraq.
11-9-2015 Newshound Guru Enorrste Article quote: "the Council of Ministers may ask the Central Bank "soon" to leave the currency auction and resorting to "float the dollar" So now we have the finance committee in Parliament (at least Jabouri), the Council of Ministers, the IMF, and the CBI all on the same page. There is no more serious talk of not moving to the float. Instead, the talk is essentially one over timing. Saleh is insistent, and correct, that the final decision with regard to timing is in the hands of the CBI. They are on records with several recent articles now stating that they wish to reduce the money supply in Iraq. This can only be done with the raise in the value of the dinar. Those few who are pushing for the float so that the value of the dinar will go down are, to put it nicely, ignorant as to how the process works. As long as the CBI is in charge the value will not be allowed to fall, period. Therefore, I am still cautiously optimistic that the float will commence before the end of the year or early in 2016.
11-8-2015 Intel/Newshound Guru tman23 Abadi will announce another turn...AGAIN...the next announcement will have to be something to do with the 3 zeros...and this will need a rate...and this will have to come before the start of 2016.
11-8-2015 Newshound Guru wmawhite The Investment Law passed the house/parliament a week and a half ago. The HydroCarbon Law is already a law and has many parts to it that still must be negotiated for implementation. [whats next in this " Investment"?] They have told us...continue reforms and "activate the private sector."...IMO. also, by reading the articles from this past week there was one central message from everyone... "We do not have time to waste...we must change now."
11-8-2015 Intel Guru Frank26 This morning another Iraqi Cleric went on Iraqi TV -- (but this guy is kind of a bad guy who has been a pain to the USA for the last 12 years) but it appears that even he has joined Abadi and Sastani...as he has stated on TV through the mosques...said they had a “pow-wow” last night and there is real change coming to Iraq...that reforms would need to get done ...and parliament needs to get the reforms done. All of the sudden everyone has turned 180 degrees and are now supporting the reforms.
11-8-2015 Newshound Guru Enorrste It also confirms, again, that the CBI longer term strategy is to reduce the total money supply and raise the value of the dinar. Unfortunately...the lack of political will seems to turn this into a snail’s pace operation. We can only wait. I am heartened that the goal is still in place, though, and I personally believe that we will see movement either by the end of this year or early next year. [post 3 of 3]
11-8-2015 Newshound Guru Enorrste Artricle quote: "He said that the reduction option easy, but it does not help in the reform of the structural problems, and the local currency is good for exporting countries cut to stimulate exports. He added that "Iraq importing country, and to reduce the currency hurt the purchasing power of citizens with limited income." Here we see that the CBI is specifically rejecting the suggestion to devalue the currency, even though it may appear on the surface to be an “easy fix” in terms of bringing more money to the GOI. The fact that the suggestion is rejected is very positive for our investment. It shows that the CBI is not about to go one step backward prior to moving forward. [post 2 of 3....stay tuned]
11-8-2015 Newshound Guru Enorrste Article quote: "...the sale process of the dollar means the withdrawal of the dinar from the local market, which will help the bank to curb money supply and reduce the resort to printing more currency." This is consistent with the CBI stated goal of reducing the money supply. As the money supply drops the value of the dinar will rise, over time. The introduction of the 50000 dinar notes does not affect this process...because the introduction is an “even exchange” in which two 25000 notes are replaced with one 50000 note. Thus the introduction itself has no effect on the money supply. [post 1 of 3....stay tuned]
11-8-2015 Newshound Guru Stryker This shows that Iran doesn't have the influence over Abadi that they had over Maliki and also shows that Abadi won't be pushed around by Iran. With PM Abadi's formation of a new parliament coalition, along with his support of from the highest clergy in Iraq and all the talk and need for currency reform, Iraq just may have what it takes this time to see it all through. One thing for sure, a new non-sectarian national unified Iraq will have the best chance of seeing the 2016 Budget passed before the end of this year and the launch of Iraq back into the economic global community in 2016 as well. Both something Iraq is long over due for! [post 2 of 2]
11-8-2015 Newshound Guru Stryker Here's some great news to wake up to on this Sunday morning: Prime Minister Abadi is forming a new political front made up of a 200 seats in parliament that involves Shiite, Sunnis and Kurds alike. In other words he looks to be building a new non-sectarian national unity in Iraq, free of corruption and a government for the people! This has been part of Prime Minister Abadi's new government plan for some time now, as confirmed by my research... Also in the news today, Prime Minister Abadi rejects Iran's Quds Force Commander, Qassem Soleimani request to retain Nuri al-Maliki as Vice President of the Republic. [post 1 of 2....stay tuned]
11-8-2015 Newshound Guru Breitling Forget about the HCL…it has nothing to do with the value of the currency or them reducing the note count or on policy with the currency itself. People are in panic mode cause they can’t find the receipt for their dinar…they can’t find the certificate that says they’re legitimate. You don’t need any of that stuff. Back in the day people thought that buying dinar was like buying a stock, that if you had it longer than a year you’d be taxed at a different rate. That’s not true. It’s ordinary income. So it doesn’t matter if you’ve had it for a day or ten years you get taxed exactly the same…as ordinary income…that’s final. that’s what it is. So you don’t need a receipt and you don’t need a certificate saying that your currency is currency. don’t worry about it. [As always, speak with a competent financial professional/expert at the appropriate time.]
11-8-2015 Newshound Guru firefly Reuters quote: "The need to protect the constitution and the law must not be used by the legislative or any other authority to circumvent or delay the reform steps," Grand Ayatollah Ali al-Sistani said through an aide." Iraq’s Sistani warns parliament not to circumvent reforms. Combine the US congress, the Senate and our commander and chief and they still don't come close to the power of Sistani. Have to remember the mindset of the ME region...1st comes Religion Then the government. So far, EVERYTHING Sistani has demanded has been DONE. They have run out of time IMO. Anything is possible now! I like what I'm seeing! We have never seen this kind of movement in Iraq...ever. (This is Reuters folks! Reuters is a very respected news source world wide with a reputation to uphold. They don't put out misinformation. Forex also gets their feed from Thomas Reuter. Reuters was also the 1st paper to tell the world about Kuwait.)
11-8-2015 Intel Guru Frank26 The EAGLE HAS LANDED! IOSO (in our strong opinion) the LD’s have left the US and the Kurds should be happy with their language on them. And wait until you see the coins. With the LD’s they are Article 8 qualified which will mean they will only be using their own currency...no more USD’s. we believe that Dr. Shabibi will tell the world. We believe that he will continue to supervise everything... When Iraq amends their laws...the open market economy can begin. This won’t happen at 1166. There is no point of a market economy at 1166. Abadi is on the move with the monetary reform as of NOW! The month of November will become one to remember. IMO we are extremely close! [post 3 of 3]
11-8-2015 Intel Guru Frank26 We talked with iTeam and they thought it was interesting that the former Secretary of State said that they were guarding some currency and then 1-2 days later they moved them! They moved the Lower Denoms! (IMO)Chronologically things are moving according to plan. YESTERDAY it happened again. Sastani was on Iraqi TV...he was calling out parliament...talking directly to the camera...telling them to stop the procrastination and implement the reforms now! There was a meeting on the 5th between us (USA) the IMF and Iraq...and the 5 Trillion...which is not a loan...it’s the LD’s! We think that by December that the banks will have the money to “loan” to the citizens. [post 2 of 3....stay tuned]
11-8-2015 Intel Guru Frank26 THE EAGLE HAS LANDED! The LOWER DENOMS are no longer in the United States (IMO)...they have moved! When the Arabs hear their holy man...they listen. When Sastani started to talk to the citizens and to the GOI things started to move...laws were moved along...voting done...in record time. Now the HCL comes to the surface...especially the 4th part that will help the citizens. The Iraq Cleric came out about 2 -3 days ago and said on the TV...broadcast into the mosque...verified by our Teams and [Guru] Delta...the Iraqi Clerics are DEMANDING the reforms! [post 1 of 3...stay tuned]
11-7-2015 Newshound Guru firefly Sistani, who is revered by millions and has unmatched prestige in Iraq, has played a key role in supporting reforms by calling for the government to carry them out, giving Abadi the political cover to move forward with changes. You simply don't mess with Sistani! He is for the reforms. He also has Abadi's back! I'm expecting things to move even faster now!
11-7-2015 Newshound Guru Mike Stopping the auctions and implementing the tariff's would clear up a ton of financial corruption. Purchasing imports with the dinar would eliminate the need for dollars and the good ole boy network wouldn't exist any more, everyone would have access to purchasing Turkish tomatoes without going through the auction process. I honestly believe that's why we haven't seen changes yet to the currency, there's too many wealthy Iraqi politicians making money off the existing system, the last thing they want is a fair, balanced and transparent system to compete in, the auction game is rigged for their benefit. [post 2 of 2]
11-7-2015 Newshound Guru Mike At the minimum, Iraq could raise the rate 30-40% and move to Article VIII. This would allow the government to implement the taxes and remove the subsidies for the ration card and fuel products and satisfy the WB and IMF's requests. The citizens could afford the increase because of the off set raising of the value and then Iraq could begin to move forward on monetary and economic reform as well as reap the rewards of an additional revenue stream not attached to oil. I hope that's not the way they go, but at this point, any forward movement for me is welcomed, continuing to flounder around and watch the reserves dwindle isn't the answer, that much I know. It's pretty clear that if they unpegged from the dollar and floated the dinar today, the value would drop, maybe as low as the projected 1500-1, which would be disastrous for the citizens. [post 1 of 2....stay tuned]
11-7-2015 Newshound Guru Breitling ...simply because of some of the maneuvers they are using, they can’t hide anymore. What are they maneuvering? They are lowering the note count and there is a ripple effect. Some positive some of it’s negative. Some people don’t know what’s going on so they’re saying “Hey, we should put some more dollars in because there is not enough liquidity in the markets for the people to spend and buy and for their economy to move.” They don’t realize that the CBI has an agenda. They are going to add value to their currency and to do that they have to take the US dollar out. The CBI can bring the US dollar in and they can bring the US dollar out. It’s called [indirect tools] it’s not the natural market. This is very exciting! [Post 2 of 2]
11-7-2015 Newshound Guru Breitling Have not seen articles like this is a very very long time…”the central bank is the only body that pumps dollars for the domestic market which creates confusion…” this is a very very bold statement. The reason it creates confusion is cause the people in Iraq have not figured it out…they don’t know why the value of their currency is rising and it’s because of the US dollar. Why are they throwing US dollars into their economy when they have their own currency? Well you and I know. this makes me very very happy. It’s coming to an end. [Post 1 of 2 stay tuned for the rest of the story]
11-7-2015 Newshound Guru Millionday Seminar Title: "Friday, November 6, 2015 Iraq Exchange Rate: Seminar on the central bank auction and determine the foreign exchange rate" THIS IS ALREADY DONE. THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES -- WHEN OR HOW MUCH I DONT KNOW...THE ACTIVATION OF THE IRAQI REFORM IS EXPECTED TO PUT IRAQ BACK IN THE RANKS OF ECONOMICALLY POWERFUL COUNTRIES. [in your opinion do they only have one thing left to do?] IMO -- THIS COULD HAPPEN AT ANYTIME. [post 3 of 3]
11-7-2015 Newshound Guru Millionday THE INTERNATIONAL RESERVES IN THE REMITTANCE SYSTEM IS APPLIED TO THE CALCULATION OF THE NEW RATES FOR INTERNATIONAL CURRENCY -- IN OTHER WORDS IT IS INCLUDED...THE RESERVES WILL BACK THE PRICE...THEY HAVE ENOUGH IN RESERVES TO ALLOW THEM TO GET ON THEIR FEET AND BACK THE SET EXCHANGE RATE. THE CHANGE AS WE WERE TOLD IN THE SPEECH BY ABADI THAT THE REMOVAL OF THE THREE ZERO CURRENCY WAS GOING TO HAPPEN WHEN THE PRICES WERE APPLIED. [post 2 of 3....stay tuned]
11-7-2015 Newshound Guru Millionday Article quote: "Seminar on the central bank auction and determine the foreign exchange rate..." ...WHAT ARE WE WAITING ON? THE INTERNATIONAL RATES TO CHANGE...RIGHT? Quote: "the relationship between fiscal and monetary policy, including an interactive relationship necessitated by the nature of the revenue and expenditure of the pricing of the dollar." THIS IS THE RELATIONSHIP OF THE FISCAL AND MONETARY POLICY -- AND THIS IS REQUIRED IN THIS BUDGET --- THE PRICING OF THE US DOLLAR. THE US DOLLAR WILL BE USED TO REMOVE THE HIGH DENOMINATION OF THE DINAR. CENTRAL BANK OF IRAQ IS ACTIVATING THE PROGRAM STEPS TO CHANGE THE DINAR TO THE LOWER DENOMINATION... [post 1 of 3....stay tuned]
11-7-2015 Newshound Guru wmawhite ...when you return from Europe with Euros, or when you return from London with the Great British Pound, or when you return from Japan with the Yen, and you go into a bank that accepts foreign currency, does that bank pull out a De La Rue machine to check your Euro, GBP or Yen? No they don't and they will not when you exchange the IQD either. [When the IQD gets value all banks with foriegn currency will exchange it. Right?] Not necessarily so...and here is why...go to St. Maarten and those banks accept the USD, Canadian Dollar the Euro and GBP...and why? Because there is a market (tourists). They don't exchange the Yen because no visitors from Japan...no market. ...banks choose what currency they want to exchange just like any other product. [We just might have to travel some distance.] I agree totally with you about that...may have to travel.
11-6-2015 Intel Guru Frank26 Abadi and his supporters...are NOT changing the budget! They just voted on it...passed it...and the HCL is inside of it. THIS IS A FIRST...THIS IS HISTORICAL! The evidence of 1 to 1 is pretty obvious...the GOI approved a new salary scale...which works out to a 1 to 1 ratio. The GOI is doing just things...especially with their ministers (and their pay scales) – as they work to accomplish entering into the international world with a new rate. [post 2 of 2]
11-6-2015 Intel Guru Frank26 Today there was a meeting...they can’t have anymore money. Aug, Sept, and Oct went by without their usual lump of cash to keep them going. We are in total control of what is going on in there... We have too much invested. No more USD...no more foreign currency...they need to grow-up and guess what on the 5th of November Iraq will meet with the IMF in Jordan and prepare for the “grand-opening” day. Who gives money to Iraq? The IMF and the USA. The BILLIONS that are about to be given to Iraq...will enter Iraq for a completely different purpose (not to pay their bills) but to be distributed to the “BB” [Dr. Shabibi’s baby banks]. These will be used to loan money to the citizens to help build the country, businesses, etc. [post 1 of 2....stay tuned]
11-6-2015 Newshound Guru Kaperoni Article quote: "...former Planning Minister Mehdi al-Hafez, pointed out that the national need not require the continuation of the so-called dollar auction, organized by the «Central», but must be handled freely and without restrictions." ...Mehdi al-Hafez is a big player in the economic plan in Iraq. He is usually at most events. And he clearly wants to end the auctions and let the dinar float. Hopefully with all these experts/specialists speaking out, we can get the show on the road soon.
11-6-2015 Newshound Guru firefly Countrys getting loans just prior to a currency increase is common practice and history. A bank will not loan one money unless they feel the loan can be paid back! 1166 will NOT fill that obligation! IMO, the time for talks and debates has come to an end.
11-6-2015 Intel/Newshound Guru Mnt Goat They now have a fixed currency already. They already tried floating their currency and put it back on a fix. They have done this many times already... The problem is they are still technically in sanctions from Article 8 of the UN war sanctions against Iraq. Until they get their currency returned to them to the international/global arena they will remain in article 8, float or fixed it does not matter. They need a “real” currency and not this play money. What we are looking for is for them to tell us they are launching the lower denominations notes, or launching of the 50k / 100k notes or the continuing with the “project to delete the zeros” or the re-pricing the dinar against all international currencies and not just the US dollar. Are they planning to go international? Yes... the bottom line is they still have to do something with the currency first and they must realize eventually it is going international.
11-6-2015 Intel/Newshound Guru Poppy3 THEY HAVE ALWAYS MENTIONED A MEDIAN RATE THEY CAN MAINTAIN ... WHAT IS THAT RATE...NO ONE KNOWS YET BUT IT WILL HAVE TO BE SUBSTANTIAL TO FULFILL THEIR BUDGETS AND PAY LOANS ALONG WITH RESTITUTION LEFT UNPAID. I AM CONVINCED PERSONALLY THAT RATE WILL BE CLOSE TO $3.00 PLUS. THIS IS MY OPINION ONLY BUT BASED ON STATEMENTS MADE BY SHABIBI AND HE IS STILL THE ONLY IRAQI THAT I CAN SAY NEVER LIED TO THE PEOPLE OF IRAQ AND US IN MY 12 YEARS OF FOLLOWING.
11-6-2015 Newshound Guru Enorrste Therefore, I believe it is reasonable to conclude that, ultimately, this movement is being driven by the IMF and that they, along with the CBI, who are in the same pea pod as the IMF, have sold Abadi on the entire plan. Now we know that Abadi has sold his "reforms" to Parliament. In short, the ball is moving and I believe it will move quickly. Saleh has already been on record that the beginning of a year is the proper time to make this sort of major advance (the float). To conclude, these reasons bolster my view that we will see the float in early 2016. [post 2 of 2]
11-6-2015 Newshound Guru Enorrste I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki's attempt to meddle in the process. I see forces moving that cannot be stopped easily. Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely. It was also the IMF that stated unequivocally that Iraq would "enter the world market" in early 2016. [post 1 of 2....stay tuned]
11-5-2015 Intel/Newshound Guru tman23 There are soooooo many studies completed by Ivy League schools And all of them that I have read come to a similar conclusion. The conclusion is that a country entering a market economy and becoming an emerging market would find that floating it's currency would be high risk and ultimately a disaster...AND foreign investment views a floating currency a high risk and large hedge fund managers and public traded companies would not take the high risk as they find the float unfavorable.
11-5-2015 Newshound Guru Adam Montana I'm getting some positive messages from my contacts regarding possible movement on this. HCL is definitely a hot item right now... excited to see how this proceeds.
11-5-2015 Newshound Guru firefly Abadi is smarter! Always 2 steps ahead of Maliki. Maliki could make all the noise he wants. He has no power and his followers are too few to count and diminishing daily. They have the goods on him. There is a reason the axe hasn't fallen yet.
11-5-2015 Intel/Newshound Guru Mnt Goat ...this past week there was much news again. Yet more news of the long awaited laws dealing with implementing the Abadi reforms. I have talked about these laws and why they were important prior to any RV. Now we have a few of them remaining and we find a deadline of Dec 1st to complete. The HUGE news, the hot off the press news now is all about doing something with the Iraqi currency. This is all good and what we need to be hearing. We need to hear it because we all should know by now they NEED to get off the post war, UN sanctioned, provisional currency and go international. Iraq needs to get fully out of Chapter VII sanctions and article 8 provisions shutting down their currency from the international trading is the only thing left.
11-5-2015 Intel Guru Frank26 they were going to do this in March..but they didn’t do it because of lack of stability...then by July again Shabibi says no...look at security...so they didn’t do it...Dr. Shabibi and Abadi got to work just after July...by Sept you see so many things being accomplished by Abadi and Shabibi...Yesterday Abadi said we are 100% secure here in our country...now...look to early October...the Unity Card...the amendments of the laws...removal of terrorism...the removal of bad cabinet members...they did it all...now we are in November which will show a plethora of information...what they said yesterday we confirmed that three months ago...their intent was to remove the US by 1/1/2016. I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate. There are many changes in Iraq...SECURITY, STABILITY, but no PROSPERITY at 1166…
11-5-2015 Intel/Newshound Guru Poppy3 HOW LONG HAS POPPY3 BEEN TELLING ALL OF YOU THAT A FLOAT WOULD NOT HAPPEN? THREE YEARS NOW BECAUSE IT WILL NOT WORK AND THE CBI HAS ALWAYS INDICATED THEY NEED A FLAT RATE. MY OPINION IS A MEDIAN START RATE SHOULD BE IN THE $3.00 RANGE. FROM DR SHABIBI TILL TODAY THE CBI HAVE ALWAYS SAID THEY WANTED A FLAT RATE THEY CAN MAINTAIN AND GROW THEIR ECONOMY OVER A 24 TO 36 MONTH BEFORE THEY ALLOW THE FLOAT.
11-5-2015 Newshounds Guru Adam Montana [WITH ALL THE ME COUNTRY'S FALLING SHORT WITH THERE MONEY. AND THE IMF DROPPING SOME OF THERE RATING'S. HOW DOES THIS HELP IRAQ AND THE RV - RI?] I'm not concerned with the other countries in the ME, and most likely we're just watching a natural adjustment in the balance of the world. Iraq is Iraq, and they are capable of succeeding regardless of what other countries do...keep an eye on that HCL, I think good things are coming.
11-5-2015 Newshound Guru Millionday THIS WAS PART OF A SPEECH BY CBI GOVERNOR: "...the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges." HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>REVALUATION. WHOOOPOW.
11-4-2015 Intel Guru Frank26 It costs millions per month for Iraq to keep their currency at 1166. There is a NEGATIVE factor each month in running the country at that rate. Loans saved them each month. Their budget...was saved with artificial loans and money... ADRS (Abadi, Dr. Shabibi and Sastani) – got the green-light back in March. Iraq is not going into bankruptcy. Time has run out! How do we know that TIME has run out? Countries are visiting DC and their currencies are going up in value. Remember I showed you the China currency last week? China is printing a new 100 note. Many other countries prepare their currencies too. IMO – Dr. Shabibi will take the green-light given to him by the IMF and move forward. [post 2 of 2]
11-4-2015 Intel Guru Frank26 [via FrostyTheSnowman] I would like to invite you to a new “qualified” Iraq – where laws have been amended...security in place...to Iraq’s international fair. This fair is done every year...and is a call to arm Iraq “internationally”. Iraq is poised to show their growth to the world. The world awaits the monetary reform. The price of oil is not a concern...Iraq’s oil will be used to hurt Iraq’s enemy. This year...VERY LOUDLY...the IMF...the father of the world’s rate...gave their appointed Central Bank Governor permission... This month of November is going to be very eye opening. the CBI is in the process of lifting the 3 zeros. I am EXPECTING to see the lower denoms this month...if not...then things may move into the 1st quarter of 2016. I told my staff of a particular date. November is going to be pretty fun. In November...time is up. [post 1 of 2....stay tuned]
11-4-2015 Newshound Guru firefly Unless the laws have changed IMO a float is not a possibility unless it's a managed float.
11-4-2015 Newshound Guru Adam Montana [...what dictates that the RV has to take place...?] I've always said 3 things need to happen: 1. Stable GOI (Done!) 2. Chapter 7 (Done!) 3. HCL (ALMOST!)
11-4-2015 Intel/Newshound Guru tman23 The salary ladder was a necessity and the rates being paid were a sour subject with the World Bank/IMF... This is not Abadi pulling a rabbit out of the hat but rather the strings attached from the World Bank/IMF... The new salary scale does not meet the market prices...therefore it is reasonable to assume a rate must be applied along with the lifting of the 3 zeros... The salary scale will go through... I am 1000% sure of that...and 1000% sure the zeros are due to be lifted...IF correct in meeting the needs in the market place...the rate would work out to around $2.66...but that is just IMO through cutting in rough numbers.
11-4-2015 Intel/Newshound Guru tman23 There is no doubt that this monetary change has the best chance we have ever seen of happening before the first of the year...AND Abadi is in a pressure cooker that is about to explode... He doesn't have until mid next year, and IMO he doesn't even have 90 days...
11-4-2015 Newshound Guru Adam Montana ...and YESTERDAY it was announced that Parliament plans to include the HCL into the 2016 budget. That by itself wouldn't be too impressive - we see fluff from Parliament all the time. But THIS time they included verbiage that specifically states how it's going to work. The Kurds will honor their oil commitment, or they get their funds cut off. This also means that their funds will not be cut off, provide they honor their agreement... and by putting it in the budget, that's almost as good as passing the actual Law. Let me put it another way - generally these announcements are one-sided, and we can always expect them to go back and forth on it. THIS announcement accommodates BOTH sides, and is the single most solid evidence that we are moving forward that I have EVER seen on the HCL. [post 2 of 2]
11-4-2015 Newshound Guru Adam Montana Yesterday we saw some of the best news to come out of Iraq in a LONG time! I know I've been positive about the dinar for a few weeks, but now I'm actually EXCITED! As I'm sure you're aware, we have had a Hydro Carbon Agreement for some time now. That's fine and dandy, but I don't believe it was possible to see an RV of any significance until there is a LAW on the oil agreement. Maliki kept progress at bay for years... As of beginning of this year, Maliki was ousted and now we have Good Guy Abadi at the helm, and for a few months he was a rock star! We saw a flurry of progress...and then it all slowed down. We had nothing major to get excited about over summer, and we all wondered when, or if, things would ever get moving again. Well, as of a couple weeks ago we started seeing some hints that things might be picking up speed again... [post 1 of 2....stay tuned]
11-4-2015 Intel Guru Frank26 We’ve seen recently that Dr. Shabibi has started talking once again about the lifting of the 000’s... PM Abadi was at the mosque Sunday evening...he did speak to the citizens...telling them he was offering a full life of security, stability, prosperity without exception to the upcoming EID...Where did these strong words come from...as we’ve said there are EXPECTATIONS for November...NOVEMBER IS GOING TO BE LIKE A WATERFALL! ...all this is phenomenal news. Now is the SEASON...to be PROSPEROUS. [post 2 of 2]
11-4-2015 Intel Guru Frank26 ...the US of A stated they were withdrawing USD’s temporarily from Iraq...there was some excuse about funding terrorism/DAASH/ISIS or some such thing...probably a valid concern at some point...in the past. ...the first week of August...this is when the US actually stopped sending USD to Iraq, loans were being made in USD up to that time…but it all stopped, yes terrorism was to blame, partially. What we need to keep in mind is that Iraq cannot revalue their IQD as long as the USD is being used in Iraq. For the time being Iraq has essentially eliminated the USD from their diet….this was to happen by 1/1/2016 but has happened already...they are FAR FAR ahead of schedule. [post 1 of 2....stay tuned]
11-4-2015 Intel/Newshound Guru Poppy3 IN THIS MEETING TWO DAYS FROM TODAY [TUESDAY] WITH THE IMF THERE WILL BE RATE DISCUSSION TO DECIDE WHEN FUNDS FROM THE LOANS WILL BE RELEASED. GETTING THE LOAN IS ONE THING BUT HAVING THE FUNDS RELEASED IS TOTALLY SOMETHING ELSE ENTIRELY. REMEMBER BUYING YOUR HOME THEY WANT TO KNOW UP FRONT HOW THEY GET PAID BACK AND A PROMISE WONT CUT IT...THEY WILL DEMAND ACTION IN WRITING AND ACTED UPON.
11-4-2015 Newshound Guru Millionday I THINK THE RATE AGREED ON WILL BE RELEASED --- AND THEN IT MAY FLUXUATE BUT ONLY IMO AT A 2% SWING. I MEAN THE TOOLS THAT CBI HAS --- IT WILL BE MANAGED TO ONLY MOVE ONE WAY OR OTHER 2% -- IMO. IN A SPEECH BY CBI GOVERNOR --- THEY ARE READY TO RELEASE THE RATES --- IMO.
11-4-2015 Newshound Guru Mike Why would Jabouri believe they could add value to the dinar when they can't maintain the value now? Move to Article VIII, which will essentially remove demand for the dollar, and then the dinar will begin to rise as the economy grows. Heck, it's clear what Iraq's motive is, they want to save the GOI money. If they thought the dinar would rise, they wouldn't spin it as an alternative to cutting the salaries. In the end, Iraq and the CBI control the value of the dinar through the auctions, history has proven that to us. When they capped the auction's in February the dinar started to slide, in April the rate fell to 1300-1. Add in the tariff's and the dinar lost further value. They need a solid foundation before they turn this thing loose in a float, IMO. [post 2 of 2]
11-4-2015 Newshound Guru Mike Article quote: "The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar..." Haitham Al-Jabouri apparently doesn't realize that most currencies in the world that float are internationally traded and used to purchase imports. Iraq isn't there yet. All of this would be a great idea if Iraqi's could buy Turkish tomatoes with dinars, right now they can't. The IMF has told them many times they need to get the street rate within 2% of the official rate and so far, they haven't had much luck maintaining that. [post 1 of 2....stay tuned]
11-3-2015 Intel/Newshound Guru tman23 In October 2012 Abadi [Does he mean Shabibi??] made an announcement in media about it being time to lift the 3 zeros and they were planning on doing so if the new currency could be ready before January if there was time. Days later Maliki had the courts issue an arrest warrant for Shabibi. During the sept/oct iisd post 2015 summit an article was out about the iisd. What we knew back in 2012 was Shabibi was in Japan for a convention. That convention turned out to be meeting with the iisd. NOW...straight from Japan a loan for 3 billion dollars... We are in the same time frames as 2012 when they were preparing to lift the 3 zeros by the first of the year.
11-3-2015 Newshound Guru firefly [IRAQ WANTS A LOAN FROM THE IMF TO MOVE FORWARD...] NOBODY is going to loan Iraq anything anymore at 1166. Something is definitely stirring on their side of the pond! Iraq has many many contracts waiting for the go... So Iraq is meeting with the WB AND the IMF, both early this month. Things that make you go Hmmmmmm.
11-3-2015 Newshound Guru Millionday [Do you see this happening before Iran sanctions are lifted? I thought I read they will be lifted on the 15th of November.] I DO NOT KNOW THE DATE...AT ALL -- MANY ARE GUESSING IT HAS TO DO WITH IRAN SANCTIONS -- I THINK THAT IT ONLY HAS TO DO WITH CBI AND IRAQ RIGHT NOW -- REFORMING THE COUNTRY TO A MARKET ECONOMY.
11-3-2015 Newshound Guru Enorrste Article quote: "The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar..." This ties in with the other recent article that stated that the CBI was going to go "on the attack" with respect to getting the dinar value raised. Now this article is saying that Abadi is behind the plan all the way. I won't be surprised to see the dinar released to a float prior to the end of this year or early in the next.
11-3-2015 Newshound Guru Kaperoni Article quote: "The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar..." My take is Saleh is telling Abadi to forget about the salary scale and just float the dang currency! I'm for getting off the peg and let it rip good or bad. I really don't see how it could go down with the Investment Law on the books and the soon to be deposit insurance act. Iraq is about to receive a huge influx of capital for investment. Only one way to go...up.
11-3-2015 Intel Guru Frank26 In the last 24-48 hours we’ve seen several articles that state they are going to delete the 3 zeros. IMO - Abadi is now shifting things to a market economy … the only way to do that is to tell these “investors” in back-rooms that they are about to raise the value of their currency. This is HUGE! Time is up and they can’t afford to walk into next year … bankrupt. They can’t go bankrupt...that would be a LOP...and that is not the goal of Iraq nor the United States.
11-3-2015 Intel Guru EXOGEN Article quote: "Parliamentary Finance Committee, announced Tuesday, that the financial budget for next year will be included on the agenda of the next meeting of the House to read the first reading."
11-3-2015 Intel/Newshound Guru tman23 [ya think early 2016?] IMO... BEFORE! They will need to open 2016 with the 3 zeros lifted. No money for the people and cut salaries...This is the defining moment! Either Abadi "flips the switch" per se' and opens with some purchasing power to the currency...OR Maliki and his opposition will be able to flip the country with very little resistance from the citizens... really is that simple! [post 2 of 2]
11-3-2015 Intel/Newshound Guru tman23 Zebari, the Finance Minister said in an official statement that by the end of the year Iraq will have only spent 60% of the 2015 budget... So how is that? And another Minister said that November is going to be a huge economic crisis month... From the outside looking in... it appears that they are setting up for something different then just salary cuts... the cuts are an adjustment to the lifting of the 3 zeros...and the cuts give indications that lifting the 3 zeros is not a neutral event, but rather going to add value to the Iraqi dinar... [post 1 of 2....stay tuned]
11-3-2015 Newshound Guru Kaperoni Article quote: "The National Conference leader and head of the parliamentary finance committee MP Ahmad Chalabi, died this morning at his home in Kadhimiya, north of Baghdad, after suffering a heart attack." The timing of this is what is interesting. He was very outspoken about corruption, and recently stated in public the list would be released identifying the corrupt. He was also the head MP in charge of the Finance Committee. This is very unfortunate.
11-3-2015 Intel Guru Frank26 [via FrostyTheSnowman] Wall Street Journal article: “Emerging Markets Reward Bold” …what? Can you imagine that L-O-N-G—L-I-N-E? Investors will be rewarded “boldly” very soon. Where is the oil report for the 2nd and 3rd quarter for Iraq? Humm. That info is on a public website. That is HUGE! Everyone knows what’s going on … and NO ONE wants to get paid at 1166. You don’t see them cashing in on their contracts yet do you? LOL As soon as they change the value of their currency...they will get paid BOLDLY!
11-3-2015 Newshound Guru Millionday Article quote: "...al-Jubouri, the House of Representatives voted during its meeting today, approved the decision to support the reforms his body without the authorization of any executive powers to anyone." MANY WERE WORRIED THAT ALL STEPS OF REFORMS HAD TO GO THROUGH VOTE AND TIMELINE IS HUGE. PARLIAMENT >>>VOTED<<< APPROVED SUPPORT OF THE REFORMS WITHOUT AUTHORIZATION. ALWAYS REMEMBER THEY HAVE A CONSTITUTION THAT INTERNATIONAL AND FEDERAL LAW PROTECTS. THEY ARE JUST ASKING THAT IT COMPLIES WITH CONSTITUTION -- UNDERSTANDABLE...VOTE DONE.
11-3-2015 Newshound Guru wmawhite If you had a company and you were selling stock in your company and you believed your company's stock was worth (let's say) $1.25 per share. Why would you start out selling it at...$0.00085 per share? That would be...Crazy...and it applies directly to Iraq.
11-3-2015 Newshound Guru sczin11 ...WHO IS RUNNING THE SHOW? IF THE JUDICIAL SYSTEM IS CORRUPT, AND THE LEADERS OF MINISTRIES ARE CORRUPT, AND THEY ARE FULL OF PROXIES WHO ARE CORRUPT? HOW CAN THEY MOVE ON AND SURVIVE...NEVER MIND THRIVE? YET THE COALITION CONTINUES TO SUPPORT THEIR NEEDS IN THE CRISIS OF ISIS...COMPANIES CONTINUE TO SIGN CONTRACTS TO BE IN ON GROUND FLOOR...COUNTRIES CONTINUE TO SUPPORT THEIR NEEDS ESPECIALLY WHEN IT COMES TO FINANCIAL CRISIS...INTERNATIONAL AGENCIES CONTINUE TO BACK THEM... WHAT PART OF THIS PICTURE ARE WE MISSING? [post 2 of 2]
11-3-2015 Newshound Guru sczin11 VERY CURIOUS...FROM THE BUDGET BEING EARLY, TO BEING ON TIME, TO ABIDE BY CONSTITUTIONAL DEADLINES, TO EXTENDING PARLIAMENT A MONTH...AS OF...NOV 2, as FAR AS WE HAVE BEEN TOLD...NOT AT THE PARLIAMENT YET...NEXT SESSION NOT UNTIL NOVEMBER 10...TWO READINGS AND A VOTE NEEDED...CONSTITUTION? DO THEY USE SELECTIVE CHOICE WHEN TO ABIDE BY ITS CONTENTS? BUDGET LAW REGARDING AUCTIONS, DISMISSED AS UNCONSTITUTIONAL FROM 2015 APPROVAL...ABADI REFORMS "MAY" BE DEEMED UNCONSTITUTIONAL REGARDING THE REMOVAL OF THE THREE VP's... [post 1 of 2....stay tuned]
11-3-2015 Intel/Newshound Guru tman23 IMO... FROM TODAY UP TO THE END OF DECEMBER WE ARE IN THE ZONE. NO WINDOWS! ZONE FOR MONETARY CHANGE! AND THOSE SAYING MID 2016 OR 2017...NOPE! IRAQ IS NOT BRINGING IN FOREIGN INVESTMENT WITH 3 ZERO ACCOUNTING ATTACHED AND THEN REDOING BOOKS IN THE MIDDLE OF THE YEAR... AIN'T HAPPENING!
11-2-2015 Newshound Guru Kaperoni Article: "eliminates the parliament's decision not to ratify the paper Abadi reforms" ...parliament voted in favor of Abadi's reforms as long as they are constitutional. Which is a setback of sorts since Abadi was trying to get his reforms done expeditiously. This is not good news in the sense that it will probably slow progress down to a crawl because we know how slow parliament is to approve anything...and as some believe a win for Maliki and his attempts to prevent progress.
11-2-2015 Intel/Newshound Guru Mnt Goat So what is left to accomplish (if you need a laundry list)?
-Amnesty law needs to be passed and fully implemented (coming before parliament this week)
-Mandates of the three presidencies (second reading is today)
-Accountability and Justice law (cleaning up the judicial system, will lead to the final straw in prosecution of Maliki and his goons)
-Final announcement of the Federation Council law
-Final report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference”.
Now when we see these events come to pass we must be alert.
11-2-2015 Intel/Newshound Guru Mnt Goat I believe our next HUGE announcement will be the passing of the Accountability and Justice law. This law includes many of the reforms to the judicial system. It is very much needed before any RV. I believe it will be passed in the next couple weeks. Most importantly for the RV, it will establish the legal groundwork for investors to come into Iraq. From this aspect it will include how disputes will be settled, suits filed, etc, etc. Once the accountability and justice law is passed, we can almost certainly expect the prosecution of the ex PM Nori al-Maliki. This too is needed prior to any RV. No prospects for an RV either in the coming month of November. Sorry Folks! Later December and possibly early January has prospects...We need to see how Iraq progresses in all the areas in the coming month... There is a target and a plan I can assure you of this. They are moving at lighting speed to get there. [post 2 of 3....stay tuned]
11-2-2015 Intel/Newshound Guru Mnt Goat I need to emphasize again that most of the needed reforms prior to the RV are already done but a couple areas still need to be addressed – that of getting rid of the stench of Maliki, the judicial reforms, amnesty and others. It is by far not all completed. In line with getting rid of Maliki and the judicial reforms Iraq needs to have their “Reconciliation Conference”. They will only do this once they feel all matters of agreed to reforms implementations are completed. The Reconciliation Conference is a timeline for conclusion when all the work towards a unified Iraq (as agreed to over 9 years ago) is going forward for the benefit of all the citizens. The December date is just a tentative timeline. Right now this is all the really matters in the long run to get us our RV. [post 1 of 3....stay tuned]
11-2-2015 Newshound Guru wmawhite ...is there anyone in their right mind that believes the true value of the IQD today is 1166 to 1 USD? If it is NOT...then why would the CBI start a float at 1166...why would you sell your home for nothing if it is worth more? Starting at 1166 is just nuts!
11-2-2015 Newshound/Intel Guru BGG Article: "Judiciary denies the return of the Vice-Presidents and confirms: Federal did not hold a hearing on it" I’ve been keeping an eye on this – I don’t see where this piece articulates a Fed Court Ruling in Maliki’s favor (and the other VP’s)… in fact, it appears a court spokesperson is plainly denying such a ruling. The only evidence of such a ruling comes from a potential Maliki sycophant giving a media interview…
11-2-2015 Intel Guru SteveI [Are you still of the belief that the rate will be in the 3.5, give or take a few, range?] Yes I do. A strong currency will be equal to a strong economy. This one to one I am just not buying into at this time. How do you become one of the largest economic countries you ask? Yes, a strong currency will be hand in hand. I believe if you go look at some strong countries with assets, you will see what I mean. The KWD to the USD is 3.30 at this moment and Kuwait is next door with many things they are sharing in common like ports, oil, etc. I understand not all countries are at the Kuwaiti rate nor ever will be, but that does not mean that the IQD falls within that group. [Guru] Joe P...was very much into this with huge contacts believed the rate to be close to the post Sadam days. Things have changed but Iraq is a very rich asset country.
11-2-2015 Newshound Guru Kaperoni "The meeting's agenda number (34) Monday (2) November 2015. The third parliamentary session" [No.9 is the only one I'm finding interesting at the moment, hopefully it will be settled and they can then make a move on " M] "Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8)." I'll be honest, I don't see anyone making any such move on Maliki. Why? because he is the head of the State of Law bloc, has already been named responsible for the Spiker tragedy and nothing has happened. Apparently a court ruling today was in his favor that the PM cannot dissolve the Vice-President positions.
11-2-2015 Newshound Guru wmawhite this is from the CBI as of today: "Keywords and said in a statement to Agence {Euphrates News}, that Iraq has a reserve of cash currency, which protect him from falling into an economic crisis suffocating, or the inability of the State to provide the employees' salaries, and cover the projects, "pointing out that" Iraq reserves estimated at more than 1,500% ". What everyone needs to understand is that the CBI has enough in reserves that if they wanted to change the value to a 1 to 1 they could do just that.
11-2-2015 Intel/Newshound Guru Poppy3 ...i did confirm that on TV there yesterday the media announced there would be great economic news during this month. TIME WILL TELL. JUST RECEIVED ANOTHER RUMOR EMAIL THAT THE DONG POSSIBILITY TO CHANGE WEDNESDAY...WELL IF TALK OF IT CHANGING... THEN THE DINAR CAN ALSO BE IN PLAY. WE WAIT AND PRAY THESE RUMORS FROM NY & BAGDAD ARE ON TARGET.
11-2-2015 Intel Guru SteveI Article: "Abadi: Baghdad locked and we are trying to switch to an open economy / expanded" Private sector words are huge. They have talked about this for years that when the value changes the private sector will flourish. Excellent article, and yes this does provide yet another clue as to how close we really are to the end of this ride...
11-2-2015 Newshound/Intel Guru BGG Article: "The Official Revaluation of the Iraqi Dinar Started Today, 1 NOV" This is the post going viral (creating the big stir) – Is it good to hear? Yes. However, I don’t believe it for one second. When this happens – it will be everywhere within minutes. End of story…
11-2-2015 Intel Guru Frank26 In July IMF wanted DRS [Dr. Shabibi] to RI... He said no security yet. So IMF said ... While You wait get Yourself INTERNATIONALLY ready. DRS did and so did A [Abadi] as HOLY MAN approved all ... FOR HE IS THE HIGHEST COURT OF IRAQ! NOW ... You will see ... NOVEMBER.
11-2-2015 Newshound/Intel Guru BGG I just read the agenda for Parliament tomorrow [Monday]: "Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8)." which tells me - PLAINLY - they are moving ahead with reforms - at full speed. what does this do? It seals off a Maliki third term... should he somehow evade all the pitfalls between here and there - term limits would effectively kill any chance he would have for a third term as PM. Had they done THIS ONE THING long ago - there would have been no ISIS. No Anbar... no crisis - Maliki would have had no option... or big need to reshuffle the voting electorate/districts...which was at the very heart of where we are now.
11-2-2015 Newshound Guru wmawhite [IYO is a lop out of the question or a possibility (even if it is slight)?] If the CBI was going to LOP...in other words, just stop using it currency, then why are they today using their gold to buy the IQD from its citizens. Why buy it if they were going to LOP? NO!!! the CBI is not going to LOP. [You still hopin before the first of the year?] I do not chase dates...however, I believe thay are in a hurry to get to somewhere.
11-1-2015 Newshound Guru Enorrste Finally...it perfectly clear that they want to "raise the price to the desired level." ...I see this as a total commitment to "get the ball rolling" on the part of the CBI. They are clearly as frustrated as we are with the incessant delays and have decided to go on the "attack"... Bottom line: I won't be surprised to see the street value come up to the official rate and then surpass it before the end of the year. I also won't be surprised to see the CBI begin the float once the street rate surpasses the official rate. In other words, I think the CBI is ready to insist on freeing the dinar into the real world in the short term (or, as they say in Iraq, "in the coming days"). [post 2 of 2]
11-1-2015 Newshound Guru Enorrste Artcle: "Central was able to overcome the side effects of currency" This is, without a doubt, one of the best articles we have seen in a long time. It lays out quite specifically and clearly that the GOAL of the CBI is not just stabilizing the value of the dinar but raising it was well. Furthermore, it specifically says that the fact that the GOI was sucking up so much currency to keep the government running will NOT stop them in their goal of raising the value of the dinar. ...it clearly lays out the policy of the CBI to do more than just stabilize the currency: It specifically says that it will "maintain stability at the target in each stage or period of revaluation ranges." The last two words are extremely significant here, because they are saying that they will maintain stability AS THE VALUE RISES for the dinar. [post 1 of 2....stay tuned]
11-1-2015 Intel/Newshound Guru tman23 Maliki is right, Abadi's reforms are illegal according to the Constitution...On the other hand, if reforms are not sought out and implemented, Iraq will crash and burn. November is going to be the deciding factor for Abadi's future and Iraq. There has been enough media inside Iraq through minister interviews calling for November to be a cash crunch crisis of epic proportions. Makes you wonder how can it get any worse? IMO...Sistani has given Abadi his backing and blessing...AND for Abadi to avoid defeat he needs the support of the people...the salary ladder has a large opposition...if the IQD comes with a new value attached to the new salaries AND the IQD is worth more then the dollar...Abadi will have carte blanche with citizens of Iraq.
11-1-2015 Newshound Guru wmawhite [what are your thoughts on things that need to happen prior to RV?] I think [we] are seeing them...the CBI will not tell the world this is what they need to do before they change the value of the IQD. However, back in March (March 3, 2015) the CBI told the world that the Delete the zeros project had the green light and it would be preceded by administrative and procedural issues...and that is what IMO we are seeing now. [Do you think it will "cost" iraq anything to RV their currency?] Iraq is NOT selling lottery tickets...it does not cost a country to exchange its currency with another country...they "exchange" one currency for another...[some people say, "they cant afford to RV" like give so much value...?] It is the opposite if they do not...today if they continue it costs Iraq 1166 to 1 USD...that is murder...So if they don't it will bankrupt them. So revaluing is in their best interest.
11-1-2015 Newshound Guru Stryker ...we should start seeing news concerning the deletion of the zeros real soon if I am correct that the first of the year should bring currency reform to Iraq. Not only are we hearing news as I predicted but we are hearing it straight from the horses mouth himself. And he says what we are looking for is probable! [post 3 of 3]
11-1-2015 Newshound Guru Stryker Quote: "He said the central bank governor that the issue of deletion of zeros from the currency, will be in the event of an administrative and security stability can control the state of the markets, and the imposition of standardized pricing on goods." The CBI Governor went on to say that the deletion of zeros will take place in the event that administrative and security stability can control the state of the markets, which we are witnessing...the market rate is stable at 1215. And with other austerity measures underway, the reform packages in placed and implemented, the market rate will remain stable and even gain ground against the dollar over these next few months. Standardized pricing on goods is the key for a large revaluation folks! [post 2 of 3....stay tuned]
11-1-2015 Newshound Guru Stryker Quote: "Keywords and said that Iraq has a reserve of cash currency, which protect him from falling into a severe economic crisis, or the inability of the State to provide the employees' salaries, and cover the projects, "pointing out that" Iraq reserves estimated at more than 1,500%." The Governor of the Central Bank of Iraq announced today that Iraq still enjoys a comfortable reservoir of foreign cash currency. He also pointed out that Iraq's reserves estimated at more than 1,500%, showing us that it is not only possible that the dinar could revalue overnight by a 1,000% but is probable that the real value of the dinar will be at least $1 USD to 1 IQD. [post 1 of 3....stay tuned]
11-1-2015 Newshound Guru wmawhite ...ISIS has zero to do with what the exchange value is of the IQD. The exchange value is its worth outside of Iraq...not inside. ISIS is an issue in many places besides Iraq. Furthermore, it is an electronic event. It doesn't not require a bank teller standing at a window in a bank. There will always be security issues WORLDWIDE. It is the new reality. A different world and it will not stop Iraq from what they want to be within the world economic forum.
11-1-2015 Intel Guru SteveI As for the HCL, well, we have been told that it was done a while back, but price of oil changed, budget of 2015 never got fully released or a portion of it to keep the operations of Iraq going. This is not only exciting for us, but finally for the citizens of Iraq. We are almost there. I am extremely positive but anything can still happen. We also found out that Maliki is pretty much history...him blowing off steam is getting ignored by most. His days are numbers in many ways. [post 2 of 2]
11-1-2015 Intel Guru SteveI [Do you and your sources see this likely happening before the end of the year or early next year?] From our contacts and my own beliefs, (I really do not like to predict any specific time period due to the constant changes in Iraq) but this year looks excellent. ISIS is almost a thing of the past. I talked to [Guru] Ray the other day and he also believes we are right at the verge of this happening. Again, once ISIS is fully under control (one major city left) and then it looks really good for this to happen. They finally did agree to $45 per barrel for the 2016 budget regardless what you are reading in the news, and they are making a lot of adjustments to make that happen. [post 1 of 2....stay tuned]
11-1-2015 Newshound Guru Aggiedad77 he spoke of a Baghdad free of terrorism...the cradle of civilization... what a great choice of words...the Baghdad that is to return to world renown...they reconstruct and at the same time the eliminate red tape that formerly stood in the way...how...by making amendments to existing laws that wipe away the red tape and bring great shame to corruption... Even with low oil prices they continue to seek ways to finance their country through greater emphasis on activities within the public and private sector both that take away so much focus on oil. Watch what they do in November...keep track of the accomplishments. [post 2 of 2]
11-1-2015 Newshound Guru Aggiedad77 we have great EXPECTATIONS for November, we expect to see great movement from within Iraq during this month...We've already seen a commitment from Parliament to hang around for 30 days and delay their vacation...why...to pass the budget...the budget they have been asked by PM Abadi and COM to not change...read it once...twice...then vote upon it. Abadi spoke at the opening ceremony for the 42nd Baghdad International Fair...a fair attended by many both from within Iraq and many from outside... [post 1of 2....stay tuned]
11-1-2015 Newshound Guru Millionday Qutoe: "The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq" THAT IS FROM CBI. DIDNT IT SAY THEY HAD TO APPLY EXCHANGE RATES ETC BEFORE? THEY CHANGED WHAT IT SAID... I REALLY DONT KNOW THE EXACT DATE IT CHANGED BUT FOR MANY MANY YEARS IT DID NOT SAY THAT. IT APPEARS TO ME THEY HAVE THEIR ACTUAL INDEPENDENT RULES NOW. [so now it is assumed the rate will be applied...and now it says keep it stable etc?] SMILE -- IT READS WHAT THE CONSTITUTION STATES FOR THE CITIZENS IN SO MANY WORDS. [could they progress all the way into the year of 2016 with all the laws being passed?] WE DONT KNOW THE DATE -- IMO I DONT THINK SO.
11-1-2015 Newshound Guru Kaperoni [With AML and investment laws done would it be reasonable to think that we may be close.] I am sticking with the schedule the CBI stated..50k by end of year, and 50,100, 200 by beginning 2017. If I am correct, we will see them spend the next 2-6 months reducing the notes count and getting in compliance with the IMF (the IMF even said they are sending a team to help with compliance beginning of 2016) and then around mid 2016 they will unpeg and the dinar will begin to rise creating enough pressure to raise the value to about .05 cents beginning 2017 (which would make the 50,100, 200 appropriate). Can the timeframe change? Sure it can.
10-31-2015 Newshound Guru Aggiedad77 ...here are some things to think over as we work our way towards a new tomorrow...things in Iraq are being generated at a never before seen speed...they are amending laws...much if not all of this process is complete...The Parliament received the 2016 budget from the COM this month and although the...Finance Committee tried to bellyache that it was "late again" this is one of the earliest times Parliament has gotten it in their hands in recent years...Now let's see how the Finance Committee ...will try and delay work on this. ...we saw Parliament vote today to stay in session in November rather than take a break... ...the Oil Minister Zebari spoke today too about the HCL. November is going to be like no other month we've seen to date in Iraq.
10-31-2015 Newshound Guru rcookie [with all the news that they are ready to get this done, do you see anyway they will wait till next year to do this?] I REALLY DONT THINK SO...THEY ARE REVEALING THEIR PLANS FOR THE PRIVATE SECTOR...SINGLE WINDOW LAUNCH EVERY DAY...AND HAVE LINES OF COUNTRIES WAITING TO DO BUSINESS WITH THEM. [what does single window mean?] The main value proposition for having a single window for a country or economy is to increase the efficiency through time and cost savings for traders in their dealings with government authorities for obtaining the relevant clearance and permit(s) for moving cargoes across national or economic borders.
10-31-2015 Intel/Newshound Guru Backdoc ITS TIME FOR THIS LONG TRAIN RUNNIN TO COME INTO THE STATION SOON! WITH LAWS DONE OR SITTING IN THE WAITING ROOM READY TO BE ACTIVATED COMPLETELY WE SEE CONTINUED MOVEMENT ON CURRENCY PREPARATION! NOVEMBER SHOULD PROVE QUITE INTERESTING! WE WON'T BE WAITING IN OUR MONETARY REFORM WAITING ROOM MUCH LONGER! THE BIRTH SIGNS OF THE NEW REALITY ARE ALL OVER US!
10-31-2015 Intel/Newshound Guru Mnt Goat No prospects for an RV...in the coming month of November. Sorry Folks! Later December and possibly early Jauary has prospects... There is a target and a plan I can assure you of this. They are moving at lighting speed to get there. They have set a target of mid 2016 to be fully international. ...they need three things to happen prior to any RV – Political, Economic and Security Stability. But they are getting very close as I know ISIS does not have to be perfectly gone in order to RV. ...Maliki must be taken down and brought to justice or there will be no RV. I can assure you this must be done prior to the scheduled December Reconciliation (or Unity) Conference or they will not get anywhere in the conference and it will only be a failure.
10-31-2015 Intel Guru Frank26 [is there any crumbs can share with us...?] MANY...Know we are very close.
10-31-2015 Newshound Guru Enorrste Article quote: "Announced Shura Islamic Dawa Party Council, on Friday, his support for the reforms of Prime Minister Vahidi Abadi, which came in response conscious to the appeal of the Supreme religious authority and in response to popular demands, while stressing the importance of rationalizing and development of reforms in the framework of the Constitution and so as to push the wheel of the political process forward." I found this short article to be nothing short of amazing. Earlier in the week we had an article in which it was said that the Dawa Party (Maliki's State of Law) was urging Abadi to step down because he was so ineffective. Now we see that just the opposite is being claimed here. Is this a clue that Maliki is losing his grip on the Dawa Party?
10-30-2015 Newshound Guru wmawhite "...Iraq's Minister of Finance Hoshiyar Zebari told the Reuters news agency on Wednesday that restarting the oil-sharing agreement between Baghdad and Erbil was vital for the 2016 national budget, expressing hope that a delegation from the Kurdistan Regional Government (KRG) would help reach an agreement." WOW...reinstate the oil-sharing...reinstated again and both sides implement...This tells me that the HCL has all along be in place...just not implemented.
10-30-2015 Newshound Guru Aggiedad77 Article quote: "Former Iraqi Prime Minister Nuri al-Maliki said that he was still vice president, pointed out that the three deputies resorted to the judiciary against Abadi decision to cancel their posts..." Interesting news on Maliki...so as with a snake...Maliki has no leg to stand upon...the reforms have been announced, they have been agreed upon by Parliament, and President Masum has given a head nod...Maliki is doing that final dance a snake does when you cut off the head...the squirming and twisting like it is trying to get out of it's own body. PM Abadi comes on strong at the same time as Maliki is throwing his temper tantrum, stating the reforms, they are in place and moving forward...meanwhile the Sunni's appear to be restless with Abadi and his reforms at this time...time marches on.
10-30-2015 Intel Guru Frank26 ...the Pentagon is now officially talking about troops in Iraq…timing… the US budget that hasn’t been balanced in a long time is about to explode... IMO…you will now see President O go to the Middle East...timing...just my opinion. Jack Lew was in charge at that time with what happened in Kuwait. Lew spent nearly a year in Iraq with the CBI and Dr. Shabibi...he said here are the mistakes we made before with the currency...please don’t make these same mistakes again. IMO…it will come out at 1:1…then free float up to the $4.20 range within a year.
10-30-2015 Newshound Guru Adam Montana [Concerning Iraqi bond offering. If I understand correctly, Iraq has removed this offering because of lack of interest from the international community. If there is a lack of interest for bonds, how can IQD new value will be sustained?] Did Iraq drop the bond offering due to lack of interest? Or did they never plan on fulfilling it, but wanted to see if there was interest? MY sources feel that there was plenty of interest, but in fact they never intended to sell. They were just testing the waters. Whether that is the case or not remains to be seen... and I think we will know the answer after the HCL and RV is announced, because that's when Iraq will show their cards.
10-30-2015 Newshound Guru Millionday I THINK THEY ARE FURTHER ALONG THAN THEY HAVE REPORTED AS WE THOUGHT --- SUNDAY THEY MET AND APPROVED REFORMS AND TUESDAY MET AND APPROVED IMPORTANT LAWS -- MALIKI LOST POWER A YEAR AGO -- AND THEY ARE HOOKED TO WTO DATA SYSTEM AFTER RECENT WORK SHOP ON TARIFF -- TO MAKE ENTRY FOR FOREIGN INVESTORS EASY -- WHOOOPOW.
10-30-2015 Newshound Guru Chattels Saturday will finish the month of October and no word on the budget or the Kurdish delegation in Baghdad. We will likely spend the month of November talking about the budget. My understanding under the Parliamentary rules is that the budget is " required " to be completed in the next 30 days with the continuation of Parliament. If so then the budget passage will be two months ahead of last year.
10-30-2015 Newshound Guru wmawhite ...what is the CBI telling the world when it is in the process of using its gold reserves to purchase its currency from the citizens of Iraq? ...the CBI owns the IQD...why would they want to buy it back? ...unless they have plans to do what? A person buys an under valued stock NOT if he/she believes it will go down in value...instead, you buy it believing it will go up in value. The difference here is that the CBI is the issuer of the stock...the IQD...they CONTROL its value and here they are wanting it back. IMO, we are watching the end of the process to reduce the note count...using gold is the one tactic that will get the rest of it in.
10-30-2015 Newshound Guru rcookie Article quote: "Zamili called on former Prime Minister Nuri al-Maliki to "give himself up to the judiciary to show Are innocent or guilty," returned Mosul report "as significant and should not leave it." ROCK THE CASBAH! MALIKI IS TOAST! JUST TIMING. ZAMILI CALLING FOR MALIKI TO GIVE HIMSELF UP TO THE JUDICIARY! 175 PAGE FALL OF MOSUL REPORT OF DOCUMENTS, TESTIMONY & PHOTOGRAPHS AND EVIDENCE THAT CANNOT BE "GLOSSED" OR IGNORED...ALREADY IN HANDS OF INTEGRITY...JUDICIAL COUNCIL..AND MULTIPLE COURTS. BYE BYE NOURI!
10-28-2015 **** Dinar Guru UPDATE **** We have guru consensus! Gurus from multiple camps are reporting Iraqi's new Investment Law has finally been voted and passed! There is still some question on whether it has been printed and published in the Gazette yet...so it's not officially official until we do. Guru Millionday has heard it's been published but it's not confirmed. The Guru Major To Do Items List in the Dinar Guru Resource Bar on the left of this page HAS BEEN UPDATED!! Once the printing has been confirmed...Investment Law status will change to DONE! Stay tuned as this story develops and the gurus uncover additional details and it's possible impact on the dinar...The latest guru updates will continue below.
10-29-2015 Newshound Guru Shredd Article quote: "Abadi continued that "the current currency includes forged categories but simple numbers will not pose a threat." This is the golden nugget folks. "Simple numbers" refers to lower denominations which cannot be released without a rate at or above 1 to 1. If the CBI agrees to this timing, we can expect a par rate by the first of next year. Time will tell!
10-29-2015 Newshound Guru Kaperoni It has been clearly stated by the IMF the plan. ...that is what currencies do...they float. Most currencies in the world float, with their value determined by supply and demand. Salaries, wages and cost of goods are usually not adjusted daily, but adjusted monthly making for very realistic and seamless growth that is reflected by the strengthening of the dinar and reduced cost of goods. What is unrealistic is to think about a RV or some other overnight event. With well over 30 trillion dinar it is physically impossible for Iraq to revalue the dinar. [post 2 of 2]
10-29-2015 Newshound Guru Kaperoni Article quote: "Confirmed member of the House of Representatives Abdul-Salam al-Maliki that the plans laid down by the state in connection with the processors need more than being a cash transaction process..." It is clear, that despite what many think, the dinar does not rise or appreciate overnight (prosthesis solutions). Their is no overnight flip of a switch or event. IMO, he is clearly stating that the goal is the raise the value, and issue a new currency, but it takes time as they must put the processes and measures in place to create the environment to do so. That means passing laws, stabilizing the dinar, creating the environment for investors, etc. In other words, the dinar will appreciate based on sound financial and economic principles. The end result will be good and worth waiting for. [post 1 of 2....stay tuned]
10-29-2015 Intel/Newshound Guru tman23 Spectacular NEWS...Maliki’s Bloc Withdraws Support for Iraqi Prime Minister Abadi! Maliki withdraws mandate for Abadi’s reforms! I say this because Abadi scheduled the implementation of the new salary ladder. The opposition is to this reform is BIG TIME and then they begin picking on all others. The change in the value of the IQD would make Abadi a rock star and Maliki and his spokesmen would be neutered. BEST NEWS OF THE WEEK>>> BIGGER THEN THE INVESTMENT LAW…which was a foregone conclusion. I waited on this outburst...and it is via Iran... not Maliki’s neck on the line as much as MONETARY REFORM IS UPON US!
10-29-2015 Newshound Guru Adam Montana [What is your confidence level that we will see an RV after the HCL is passed? A week? A month?] My opinion is that it will be less than a week, possibly less than a day.
10-29-2015 Intel/Newshound Guru tman23 The walls are closing in on Abadi... the advantage and momentum will shift to his opponents, especially with the salary ladder and cuts. So with all the protesting about the "cuts in salary" and Maliki on the offensive...The introduction of a new value is an ACE in the hole for Abadi. The people only need to understand that part of reform makes the IQD more valuable then the dollar... And from that point on, Maliki is in the nose bleed section...and nobody on the playing field will hear him or his followers anymore. [he needs to do that quickly then.] YEP...and not another 30 days either!
10-29-2015 Intel Guru Frank26 For the past one to one and half months the Investment Law, the HCL, in fact all the laws have been long passed...but what they have done is “amend” the laws, not make new laws...they have been doing this with ALL laws...they had these laws ready weeks ago...they were designed and amended to meet IMF standards...these laws have ALL been done to INTERNATIONAL standards...and are ready to go FULL throttle. They unanimously approved all the laws yesterday we believe...but they are not ready to be released yet. In thinking back to last year...I believe I told some of you...expect the LD’s in November...they will drive the rate of the currency up... ...the Top Teams called in today and they had one thing to say, “WE ARE VERY CLOSE”. They have 100% security. They have 100% laws. NO LD’s yet...but are EXPECTED in Nov.
10-29-2015 Newshound Guru rcookie THE AMENDMENT TO THE INVESTMENT LAW VOTED ON AND UNANIMOUSLY PASSED...THEY HAVE BEEN WORKING FOR 5-6 YEARS ON THE DETAILS OF FACILITY AND INVESTOR PROTECTIONS IN THE INVESTMENT LAW AMENDMENT THAT WAS VOTED ON ...5-6 YEARS!...INCLUDING NATIONAL & INTERNATIONAL ARBITRATION...AND INVESTMENT AUTHORITY WILL ISSUE INSTRUCTIONS TO IMPLEMENT...WHY BOTHER TO LAY ALL THE GROUNDWORK TO IMPLEMENT THESE INTERNATIONAL BUSINESS, INVESTMENT AND PRIVATE SECTOR MECHANISMS IF YOUR CURRENCY IS NOT INTERNATIONALLY ACCEPTED...AND ARTIFICIALLY SUPPRESSED.
10-29-2015 Newshound Guru Millionday [So, they are planning on activating the market economy by mid 2016. So, that means that we will probably not see a rate change until that time, correct?] I HAVE NOT SEEN 2016 BEING THE TIMELINE OF ACTIVATION -- IN FACT INDUSTRY IS BEING ACTIVATED /LICENSED ACCORDING TO NEWS TODAY -- LOTS GOING ON. IRAQ HAS ASKED BP TO RAISE THEIR RATE OF WORK IN IRAQ -- THIS IS BIG DUE TO CHINA AND BP SIGNED AGREEMENT IN SOUTH FIELDS. THE DATE IS NOT RELEASED BUT IMO -- AND BY MUCH IN THE REPORTS -- ANYTIME.
10-29-2015 Intel/Newshound Guru Mnt Goat How can they RV without getting rid of the Iranian influence, Maliki and his goons (political reforms). How can they RV without cleaning up all the corruption in the ministries (political reforms). How can they RV without getting rid of ISIS and under control (security reforms). I AM TELLING YOU – ALL THESE PROJECTS ARE PART OF THE EEFORTS TO STABILIZE IRAQ. It is all moving ahead with lightening speed but it is a process and contains many events that must be done prior to the RV now that the GREEN light has been given since last March. There will be no RV until at least late December or early 2016 sometime. Just way too much intel telling us it could not happen until this timeframe. [post 2of 2]
10-29-2015 Intel/Newshound Guru Mnt Goat How could you RV without the anti-money laundering law? (financial reforms). How could you RV without the terrorist law? (security reforms). How could you RV without an Investment law? (economic, financial and security reforms). How could you RV without the National Unity Card? (security and economic reforms). How could you RV without first setting up the Customs and Tariffs, ISX and printing the 50k and100k notes? (economic and financial reforms). How could you RV without launching the lower denominations at the banks? (financial reform). How could you RV without the National Guard law (security reforms). [post 1 of 2....stay tuned]
10-28-2015 Intel Guru Frank26 [When do I think I will see the LDs at the CBI?] Next month they are...EXPECTED! ITEAM just reported ...We are very close.
10-28-2015 Newshound Guru Adam Montana [Do you think it might be at all possible (if not probable) to have a RV, before a HCL agreement takes place?] Yes, absolutely possible. I won't say "probable" because it's "probably" about a 50/50 chance it could go either way. But if the HCL happens first, then it becomes 90/10 that the RV is within days, if not moments.
10-28-2015 Newshound Guru tlm724 Article quote: "Today We, the undersigned declare that the statement of the members of the bloc coalition of state law that we are after today we are no longer responsible for the decisions of the Prime Minister..." the writing was on the wall! Maliki is up to his nasty tricks and is leading the charge to bring down Abadi! it really comes as no surprise that we would see some sh.. stirring because Abadi's GOI is actually making progress! AML and investment laws are done! Even though things are far from perfect this government is much better then Maliki and Najafi could have ever hoped for! the good news is this, PM Abadi has the backing of the supreme religious leaders and thats powerful!
10-28-2015 Intel/Newshound Guru Mnt Goat ...all indications show the bulk of the immediate reforms necessary for our RV are all almost but done. The most evident news today comes from the passing of more of the needed reform laws. Do I believe we are very close to an RV? YES... ...the investment law was first conceptualized in 2006. Just yesterday it was passed by parliament and in the same day ratified by the president of Iraq. Why did it take so long to implement? The answer - IT WAS PART OF THE CURRENCY REFORM PROJECT. They now have the green light to go ahead. [post 2 of 2]
10-28-2015 Intel/Newshound Guru Mnt Goat Why has the CBI held off in launching the new lower denominations paper and coins (permanent) currency of Iraq? ...they must wait until the optimum timeframe to do so. But this will be a signal to us that the RV has happened in Iraq or is very close at hand. This is the process and the plan. IT IS PART OF THE CURRENCY REFORM PROJECT. ...this week we just witnessed yet another amazing law get passed by parliament. The National Unity cards law is now official. Why are they doing this national identification card? IT IS PART OF THE CURRENCY REFORM PROJECT. [post 1 of 2....stay tuned]
10-28-2015 Newshound Guru Millionday Article quote: "economist d. Qusay al-Jabri that he could look at economic reform as a package of policies that work to make local expenses consistent with the available resources, and through finding a consensus between the financial, monetary and trade policies and exchange rate to ensure a holistic request fits and composition of the display overall." THE ECONOMIC REFORM REQUIRES ADOPTING AND STIMULATING POLICIES THAT IMPROVE THE USE OF RESOURCES BY -- REMOVING DISTORTED PRICES -- MOVING TO A COMPETITIVE MARKET. OBVIOUSLY THIS IS REFERRING TO THE POLICIES THAT MOVE IRAQ TO A MARKET ECONOMY THROUGH THE ACTION OF REFORM FOR NATIONAL STABILITY WITHIN IRAQ AND INTERNATIONALLY. THE PROGRAMS ACHIEVE BALANCE THROUGH THE IMPACT OF EXCHANGE RATES AND TRADE...THIS INCLUDES THE DINAR VALUE AND PRESERVATION -- THE GOAL IS TO BALANCE THE DEMAND AND GDP TO GAIN STABILITY...THIS ALL HAS TO DO WITH BALANCE OF THE EXCHANGE RATES FOR THE MARKET ECONOMY...HUGE.
10-28-2015 Newshound Guru Adam Montana I've been keeping a very close eye on things over the last couple weeks, and I'm liking how things are going right now. The bad news is we don't have an RV... but the good news is they are kicking things around in ways that make me think we're approaching some movement. You know how meteorologists watch winds and air pressure and all that, and even though they might not be right all the time... they can generally predict when a storm is coming, right? This time in history is like that. Weatherman Adam Montana is looking at the barometric pressure and other signs, and it looks like a storm is brewing! And to that, I say, "Bring it on, Iraq!
10-28-2015 Newshound Guru OOTW FEELING A LITTLE EXCITED NOW THAT THE INVESTMENT LAW HAS BEEN PASSED - GREAT TO SEE THAT INVESTOR'S SHOULD GET PROTECTION AND THIS WILL ALSO HELP CREATE AND PROTECT JOBS FOR THE PEOPLE AND WILL GET THE PRIVATE SECTOR ROLLING - JUST WHAT WE WANT.
10-28-2015 Intel/Newshound Guru Poppy3 [...so the investment law passed... printed...in the gazette?] ALL BEING PUBLISHED IN A SPECIAL EDITIONS IMMEDIATELY AFTER THE VOTE ACCORDING TO SOURCES.
10-28-2015 Newshound Guru rcookie "the law reassured investors through the possibility of resorting to international arbitration between the investor and the government," noting that "the law introduced sophisticated provisions encourage investment in the country." INTERNATIONAL ARBITRATION! FOREIGN INVESTMENT NOT POSSIBLE WITHOUT! THAT IS MANDATORY!
10-28-2015 Newshound Guru Kaperoni Many areas in Iraq are somewhat safe and the passing of the Investment Law will help them. Iraq has 18 provinces including the Kurdistan region with only a few at risk of ISIL.
10-28-2015 Newshound Guru Millionday Press statement: "...the government's search for support of the country's economy and dependence on non-oil imports, such as investment and collection real alternatives as do the developed and developing countries of the world." THE INVESTMENT LAW PASSED TODAY AND HE IS SAYING THAT THIS WILL ALLOW THEM TO DEPEND ON NON-OIL IMPORTS AS IN INVESTMENTS AND OTHER ALTERNATIVES AS OTHER COUNTRIES IN THE GLOBE DO. SO THE LAW IS HUGE OF COURSE...IN FACT -- ITS PRINTED...PUBLISHED. [in the gazette?] YES ACCORDING TO WHAT I HAVE READ. I WOULD SAY THIS WAS VERY FAST...
10-26-2015 Newshound Guru tlm724 Quote: "Detection of the International Monetary Fund (IMF), on Wednesday, for planning to send teams in the near future for both Iraq and Jordan in an effort could pave the way for more aid..." well thats pretty specific...the IMF has a lil plan planned. Quote: "the plan will begin in 2016 and then possible to put the foundations upon which to base by Iraq to submit to IMF funding to implement the program at a later time of the year" "the program will help Iraq to receive aid from lenders among them the International Monetary Fund and reassure potential investors" it will pave the way for Iraq that is due to the market during the first half of next year...market economy is the goal and always has been!
10-26-2015 Newshound Guru Shredd makes sense with the investment law work too...the banking laws are a part of this too. ...things are continuing to shape up...banking law gives accounts holding dinar protection and also a window of time for locking in exchange rates...investment law giving protections to investors for managing risk while seeing a good roi and a market economy that accurately reflects the true value of their currency based on supply and also demand but at the same time the goods and services...transparent to the global investment world. this IMF loan proves to us that seeing a growth in the dinar value is a "WHEN" and not an "IF"... good news indeed! [post 2 of 2]
10-26-2015 Newshound Guru Shredd Press Release: "IMF: Iraq Will Return To The Market In 2016" Interesting that the IMF is making such a strong statement but it makes sense too...they are propping up iraq's economy with the loan and they also see the urgency of iraq coming to be a "market economy". do you know what that means by definition? a market-driven, free floating currency. ...this is a huge piece of proof that a "lop" would never happen...a huge proof that iraq's economic plan is not a fail...a huge proof that the imf expects to be paid back and with a currency that is floating and interest rates that can react to the market too, they will be able to ride the economic waves while instilling faith and confidence in their currency. [post 1 of 2....stay tuned]
10-26-2015 Newshound Guru Stryker Tomorrow looks to be a big day in Parliament my friends. With the second point of tomorrow's agenda being the vote on the second amendment draft to the Law of Investment No. 13 of the years 2006, Tuesday should start out very interesting. If that's not enough, the 2016 Budget could be delivered to Parliament as early as today and if so, the first reading could be tomorrow as well. This, according to several news sources.
10-26-2015 Newshound Guru Millionday WE HAVE SEEN MANY THINGS HAPPEN AND FAST IN IRAQ SO WE ARE IN A BETTER POSITION AND SO IS IRAQ IMO.
10-26-2015 Intel/Newshound Guru Mnt Goat We all should be aware by now they continually need a reason not to RV the Iraq currency. The reason now I am hearing stems mainly around security aspects...security, security and more security. My feeling is if ISIS was gone we would have seen an RV already. Remember article 8 of the UN sanctions is the only remaining piece of the sanctions not yet lifted. By not lifting this piece it allows the USA and the coalition forces to continue operations in Iraq as long as they deem necessary. So I can tell you with all my heart and soul there will be NO RV until at least early January 2016 and some indications now show us it may even move out beyond early to maybe mid 2016 unless the effort to combat terrorism is concluded sooner rather than later.
10-26-2015 Newshound Guru Mailman17 ...AND WE JUST HAVE TO FIGURE WHAT NIGHT THAT IS. PEOPLE NEED TO LOOK AT THE WHOLE PICTURE AND NOT JUST A CORNER. WHEN ADDED UP, IRAQ IS TELLING US AS WELL AS OUTSIDE ENTITIES LIKE THE IMF, UN ECT THAT THIS IS ABOUT TO BURST. NOTICE HOW ISIS IS BARELY MENTIONED ANYMORE OTHER THAN SYRIA. YET SOME BELIEVE THEY ARE STILL A FORCE. WERE THEY A PROBLEM...YES...ARE THEY NOW..NO. RIDES ABOUT TO END...STAY FOCUSED ON THE WHOLE BALL OF WAX AND NOT JUST THE CENTER...AND BEWARE ARTICLES PUT OUT BY NO NAMES WITHIN A COMITTEE OR THE SUCH. THEIR OPINION IS WORHTLESS. SOME TAKE IT AS TRUTH. JMO [Post 2 of 2]
10-26-2015 Newshound Guru Millionday [Are they going to be doing all the important laws we have been waiting for?] TUESDAY`S SESSION IS OBVIOUSLY IMPORTANT AND WILL INCLUDE ALOT OF IMPORTANT LAWS. THE AGENDA IS FULL OF ECONOMIC LAWS AND SOME THEY HAVENT TOLD US BUT THE LAST PARAGRAPHS FOR INVESTMENT SHOULD BE DONE ALONG WITH MANY OTHERS.
10-26-2015 Newshound/Intel Guru Mailman17 CONSIDERING HOW MANY ARTICLES COME OUT OF IRAQ, ONE SHOULD CONSIDER THE VALIDITY BEFORE MAKING A COMMENT OR OPINION. IF WE FOLLOW WHATS GOING ON IN PARLIMENT AND THE FACT THAT THE MONETARY POLICY CANNOT COME OUT ON A FLOAT AND THAT IRAQ WILL NOT LET OUTSIDE INVESTMENT TAKE ADVANTAGE OF IT AS WELL. WHEN IRAQ COMES OUT IT WILL BE STRONG AS IN PAR. THIS AS I HAVE SAID IN THE PAST COMES OUT OF SHABS MOUTH HIMSELF. OPINION PIECES HAVE NO PLACE AT THE END OF THIS INVESTMENT OTHER THAN TO WARD OFF SPECULATION AND TO CREATE CONFUSION. THE RV WILL COME OUT OVERNIGHT...[Post 1 of 2 Stay tuned for the rest of the story..]
10-25-2015 Newshound Guru Enorrste However, moving to a float will have a positive economic affect in the country over the longer term. ...the Investment Law will allow foreigners to invest in Iraq with some guarantees... With the introduction of new investment from foreigners the float becomes a real possibility. It will not only put a floor on the value of the dinar but, over time, will cause its value to rise. This is what we are looking for. ...the float WILL raise the value of the dinar, because the float will not be possible until foreigners begin investing in Iraq. The influx of new money will allow for a reduction in the money supply and a rise in the value of the dinar. This benefits us, but won't affect the budget crisis much. As KAP [Guru Kaperoni] said..."a dinar is a dinar" within the country. [post 2 of 2]
10-25-2015 Newshound Guru Enorrste Article: "IMF moves to help Iraq condition undergoing regulatory program" The article is giving the opinion of a member of the CBI as well as that of the IMF. The CBI member Ismail said that the CBI believes that moving to a float would "slightly affect" the financial condition of the GOI positively while the IMF was saying that moving to a float would not positively affect government finances, in their view. The argument from the IMF is that the vast majority of the government income is from oil revenue and is therefore from foreign countries (i.e., not in dinars). Thus, the IMF is probably correct with respect to solving the GOI financial crisis. [post 1 of 2....stay tuned]
10-25-2015 Newshound Guru Kaperoni Article quote: "If you look at public spending, a significant proportion of it are in foreign currency, which means that the currency was floated or re-pricing will not contribute significantly to the financing of the budget deficit.." This statement IMO is very important...there is no intent to revalue. It is not physically possible. I think that he is saying that until the dinar is worth more than the dollar it would not reduce the budget. That being said, only about 20% of the 2016 budget anyway is "investment" so it would not have much effect. The majority of the budget is "operational" meaning salaries, expenses etc. and we all know a dinar is a dinar in Iraq.
10-25-2015 Newshound Guru Millionday THE FISCAL YEAR STARTS OCT 1ST -- THE CALENDER YEAR IS THE SAME AS OUR CALENDAR YEAR. THE FISCAL YEAR IS WHAT INCLUDES ALL ECONOMIC ACTIVITY SO THIS IS AN EXCITING TIME WITH THE 2016 BUDGET DONE AND IN PARL --AND OF COURSE SO MANY OTHER THINGS TOO.
10-25-2015 Intel/Newshound Guru Poppy3 was just reassured today FROM...A INTERNATIONAL TRADE BROKER AND HE INSISTS THAT THE CBI WILL HAVE TO PROVIDE A INTERNATIONAL RATE BEFORE ANY LOAN FROM THE IMF OR WORLD BANK WILL DISBURSE FUNDS...THAT IRAQ'S CURRENCY WILL HAVE TO HAVE A INTERNATIONAL ACCEPTED RATE AND IT WILL HAVE TO HAPPEN PRIOR TO THE JAN 1 IF THE LOANS ARE TO START THEN IN 2016. WE SHALL SEE IF THEY ARE JUST FLAPPING THEIR LIPS OR IF THEY ARE REALLY FAR ENOUGH ALONG AS WE THINK.
10-25-2015 Newshound Guru OOTW THERE IS SOME VERY GOOD FORWARD MOVEMENT GOING ON AT THE MINISTRY OF TRANSPORT'S SITE. WE'VE SEEN SEVERAL ARTICLES STATING THAT IRAQ HAS SIGNED AGREEMENTS WITH THE ARAB TRADE COMMISSION. FROM THE PRESS RELEASES, IT SEEMS THAT THE BEGINNING OF WHAT WILL BRANCH OUT TO BE WORLD-WIDE, RE IRAQI TRADE, WILL BE STARTING WITH INTER-ARAB COUNTRY TRADE MOVEMENTS/AGREEMENTS. IT'S A VERY GOOD INTRODUCTION BACK INTO WORLD TRADE FOR IRAQ. THIS IS JUST ONE OF MANY THINGS WE WANT TO SEE HAPPEN.
10-25-2015 Newshound Guru Millionday Article quote: "President of the Republic Fuad Masum, confirmed in a letter each to the Secretary-General of the United Nations Ban Ki-moon design on the completion of a comprehensive national reconciliation in Iraq exclude terrorists." THE LETTER CONFIRMED COMPLETION OF NATIONAL RECONCILIATION IN IRAQ. [ When will they have this meeting and is it necessary before the RV to happen?] I HAVE NOT SEEN IN INK A VERIFIED SCHEDULE FOR THE NATIONAL RECONCILIATION -- I HAVE NOT SEEN ANY INK ON THE SUBJECT OF IRAQ GOING TO A MARKET ECONOMY BEFORE OR AFTER THE CONFERENCE -- MY PERSONAL OPINION IS THAT IRAQ WILL GO TO THE GLOBAL MARKET BEFORE THE NATIONAL RECONCILIATION CONFERENCE BUT NEED TO HAVE IT IN INK FOR IT TO BE MORE THAN MY OWN OPINION. [ So it's not mandatory for a RV to happen?] I DO NOT KNOW IF THEY HAVE DECIDED IT IS MANDATORY...NO INK ON IT.
10-24-2015 Intel/Newshound Guru tman23 The hype about what the IMF says is being read through IQD speculator goggles...the IMF will never give a hint to more value coming to currency...AND it appears that even political groups in Iraq don't have a clue as they demonstrate over the new salary ladder. Watch the retirement pay scale adjustment. The Iraq citizen in the USA getting 1 million IQD per month on QI card...the adjustment coming to around 325 thousand IQD..which when exchanged equals the same $860 usd (if valued at $2.66)...this is why the salary ladder and retirement law and rescaling of payments is so positive that change is coming in the value. [post 3 of 3]
10-24-2015 Intel/Newshound Guru tman23 The new currency must come first as a prelude to the removal of the 3 zeros. So the 25k notes and three zero notes will see a value because the lower denoms will be out...but the new currency with the new value will be only a short time before they lift the 3 zero accounting off 3 zero notes. The governments supporting this will never allow this value of money to be floating around for long. It requires a short exchange window time period. WE know they are eliminating corruption and accounting in the trillions with adding 3 zeros makes it easier. They are going to lift the 3 zeros and need to do so before/start of 2016. And by the salary ladder they have announced...it works to values around $2.66 per dinar. That being said: In what world does 10 cents or 56 cents work on new currency without 3 zeros. [post 2 of 3....stay tuned]
10-24-2015 Intel/Newshound Guru tman23 The reason the 50 note was pulled is the CBI is going to lift the 3 zeros...A 5000 note will become 50. Make no mistake they are going to lift the 3 zeros from the nominal value of the currency. So the value with lifting the 3 zeros would be as such...a 25,000 note is .00086 or $21.50 usd...lifting the zeros the note is 25 at .86 and equal to $21.50 usd. Now to go to 56 cents is a 30 cent devaluation and a 25 BECOMES $14.00 usd (a loss of $7.50). The argument is...They are not going to take away the 3 zeros from the currency...BUT the fact is they are! They will! AND they have said as much in ink. BUT... [post 1 of 3....stay tuned]
10-24-2015 Intel Guru Frank26 MR [Monetary Reform] into 2016 with RI/RV before the end of the year. Their MR pace will be the fastest in IMF history...IMO.
10-24-2015 Newshound Guru Mnt Goat ...Iraq is resolving their corruption and terrorist issues, but this is the stage Iraq is in right now. It has taken some time but it is sure progress. Maliki and his goons and the Iranian influence must be out of politics completely and safely neutralized or no RV...the USA and UN’s process not mine. This stance has not changed a bit. Iraq must have their National Unification (or Reconciliation) Conference before any RV. It is not even scheduled until late December early Jan. Banking and Investment strategies must be deployed or NO RV. Includes the Investment law and the new banking practices. All eyes are watching for the Investment law to be passed in parliament this coming week. Can we expect to see an RV soon? No! I can tell you with all my heart and soul there will be NO RV until at least December or early January 2016...this is only a possible timeframe that seems to me and others could be feasible.
10-24-2015 Intel Guru EXOGEN ON APRIL 30TH 2015 WE TOLD THE WORLD THAT NOTHING WAS HAPPENING WITH THE RV OR THE RI AND DO NOT LOOK FOR ANY ACTIVITY OR PROGRESS UNTIL MID OCTOBER AND THERE WAS A WINDOW THAT WOULD BE OPENING DURING THAT TIME IF SOME EVENTS TOOK PLACE... UNFORTUNATELY THAT OCTOBER WINDOW IS ABOUT TO CLOSE! NEXT WEEK SHOULD BE INTERESTING WITH THE IRAQ BUDGET...WE CONTINUE TO WAIT FOR "FULL SANTA" (Symbol the RV happened).
10-24-2015 Intel Guru SteveI I think all of the news is extremely positive and our sources are also echoing the very same things. It will not be long now. Hang in there please.
10-23-2015 Newshound Guru rcookie [can anyone tell me what happened regarding the vote on the investment law?] LOOKS LIKE NEXT WEEK TO TAKE CARE OF THE 3 MINOR ADJUSTENTS THAT DEAL WITH AUSTERITY...(NUMBER OF MEMBERS OF 2 COMITTEES) AND LAND TITLE AGREEMENT FOR FOREIGN COMPANIES DOING BUSINESS IN IRAQ (LAND OWNERSHIP).
10-23-2015 Newshound Guru wmawhite ...you need to understand the difference between apples and oranges...the difference between Iraq and China/Vietnam. China/Vietnam want its currencies to be under valued because they export everything to the world...if their currency is cheap, their exports are cheap and we buy them. Iraq imports 90+% of all their goods...their under valued currency is killing them...it causes their goods to costs more to import. Iraq wants/needs to increase the value of the IQD...they have even told us that. ...stop comparing China's currency, Vietnam's currency to the IQD...they are two different ball games.
10-23-2015 Newshound Guru Enorrste ..this announcement came from the Parliamentary Committee on the Economy...the Parliamentary Committee is openly acknowledging that the system as is has existed throughout the Maliki regime was actually designed to stifle investment rather than encourage it. Not only were there no guarantees for the investor, but in addition to that, "most of its projects stalled and lagging behind due to a large corruption in all departments, provincial councils and the center," What the committee is admitting is that the corruption went all the way to "the center" which means Maliki. In my opinion this is big, because it means that finally some people in positions of authority are speaking out directly against Maliki's mishandling and outright corruptions of the funds.
10-23-2015 Newshound Guru wmawhite we think that the change in value of the IQD is the only important item on Iraq's plate...sadly, it is only one of many. All of the pieces we know about are dependent upon each other...including the IQD. thankfully, the process has speedup...and is coming soon.
10-23-2015 Newshound Guru Aggiedad77 Article quote: "Al Jazeera, secrets exposed for the first time about the history of the former Iraqi Prime Minister Nuri al-Maliki, who is still acting like the leader of the country, although he had lost all official his political posts..." This is a massive report...and it speaks volumes I think in the direction of Maliki's true loss of power over the past couple of months...before August I suspect such a report would not have been dared sent to the press and released. Indeed...they count his days...and I do believe the number to be rather short...each day he opens his eyes he finds more and more of the deck of cards stacked against him...the clock she ticks.
10-23-2015 Newshound Guru Enorrste The phrase "entering the market" means allowing their currency to become internationally recognized. We know that because it comes from the world's biggest money controller, the IMF. In other words, for the IMF the phrase is extremely powerful. It is synonymous with the phrase "become a world player." Only a country in Article 8 with an internationally recognized currency can "enter the market" in IMF terms. Of course it may take some time for the actual movement to Article 8. That is not our concern. What is our concern is that they begin the float, and the passing of the Investment Law, as KAP and I have said numerous times, is an essential element in making that possible. Even more importantly for us, however, is that passing that law will go a long way toward allowing the CBI to begin the float. Once the money starts coming to Iraq the CBI will leap on the opportunity to continue the execution of The Plan. [post 3 of 3]
10-23-2015 Newshound Guru Enorrste Furthermore, foreign investment will inject new money into the local economies, which means that the CBI will be enabled, finally to float the currency. As new money comes into the economy the only way to avoid inflation (too much money chasing the same amount of goods) will be to raise the value of the dinar to offset those affects. By reducing the amount of dinar currency in the market the REAL value of the dinar will rise, meaning that the same dinar will buy MORE goods, thus reducing the upward pressure on prices themselves. I was also pleased to see that the IMF is chiming in on this today, stating that early next year will see Iraq "entering the market." This means that they expect this process to take place and that the float will begin early next year. The phrase "entering the market" means allowing their currency to become internationally recognized. [post 2 of 3....stay tuned]
10-23-2015 Newshound Guru Enorrste Article: "Parliamentary Economy: Investment Law will happen quantum leap in Iraq's revenues" The very fact that this announcement came from the Parliamentary Committee on the Economy means that this will happen. I find that what the Parliamentary Committee is saying echoes exactly what KAP [Guru Kaperoni] and I have said for some time now, namely that once the Investment Law is passed investment will flow into Iraq and literally create a "quantum leap" for the economy. The term I have often used is that it will be like the "wild west" was in the US at the end of the 19th century...foreign investment will mean that the financial crisis will be ameliorated significantly and will allow the government to return to "normal" in terms of salaries, projects, etc. [post 1 of 3....stay tuned]
10-23-2015 Newshound Guru Millionday Article quote: "special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won 179 votes out of 187 votes in favor, with one country, so Iraq's record return mission in international forums" ...MEANS...BACK TO THE GLOBE. IRAQ IS NOW AN ACTIVE MEMBER OF THIS UN ORGANIZATION... ECOSOC. THE BEST WORDS IN ONE SENTENCE I HAVE SEEN IN A VERY LONG TIME >>>FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION. THIS...IS HUGE NEWS AND...WHY I AM SO VERY EXCITED.
10-23-2015 Intel/Newshound Guru tman23 In the past years they spoke of lifting the 3 zeros and it was DELAYED...needed studied by a committee...We probably couldn't count on 2 hands how many committees kept being formed to study the 3 zeros. Then they announced delaying from the start of the New Year to June...AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR! This new salary ladder is a good sign. The delay of the investment law is a good sign. The 2016 Budget being completed before the start of 2016 is a very good sign. And citizens not being paid and liquidity being drawn in off the streets is a good sign. IMO...Honestly, it doesn't get any better than this as a pre-revaluation phase that sets up the revaluation. [post 2 of 2]
10-23-2015 Intel/Newshound Guru tman23 This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms... And Abadi will lose credibility... IMO, the BEST thing we have seen is this new salary ladder...The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries...Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid. Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year...which is the equiv to international standards...when you take all the salaries on the ladder it works out to what their in country pricing index is. So the question is...HOW LONG BEFORE THE ARE TOLD...AND IMO...The 3 zeros need to be raised with the "back wall" being the start of the new year. [post 1 of 2....stay tuned]
10-23-2015 Newshound Guru Adam Montana Keep an eye on that HCL news... when it slows down this time, I think that's when we're on the home stretch.
10-22-2015 Intel/Newshound Guru tman23 Aside from the new salary ladder and the confusion where political blocs are calling it illegal and not with in Abadi's powers... Iraq is holding talks with Findland and Europe on deporting migrating Iraqi's back to Iraq...Most of the young and scientific (educated) are the ones who have fled the country. Now why would Iraq even begin to speak about them returning when they have nothing to offer them? There has to be a massive change coming...The talk of bringing back citizens you can't support, the new salary cuts that has the country confused and mad as h*ll. This can not go on for 6 months. Quite frankly I don't believe they can make it 90 days with out a rate change that explains the reasons for what appears to be insanity to the citizens.
10-22-2015 Newshound Guru Chattels MY BELIEF HAS BEEN AND IS THAT THERE IS A FOUR (4) DAY WAITING PERIOD BETWEEN THE SECOND READING AND A VOTE. WE MAY FIND OUT WHETHER I AM CORRECT NEXT WEEK. MY read/take is that if the budget is not voted upon by the 1st that the recess will be will not start on the 1st and the session extended for 30 days to complete adoption of the budget law. No way it can be done in the next 11 days, IMO, so we are into November if the article is accurate. [post 2 of 2]
10-22-2015 Newshound Guru Chattels Article quote: "the budget bill arrived at the Presidency of the Council of Representatives by the government to put on the agenda and approval" THE BUDGET BILL MAY BE ON THE AGENDA FOR THE 27TH WHEN PARLIAMENT RECONVENES WHICH LEAVES ONLY FIVE (5) BEFORE THE 1ST OF NOVEMBER AND THE LAST TWO DAYS OF THE MONTH ARE FRIDAY HOLY DAY AND SATURDAY ( HOLIDAYS ). MY POINT IS THAT THERE ARE THREE (3) " WORKING " DAYS LEFT TO THE PARLIAMENT FOR TWO READINGS AND A VOTE. [post 1 of 2....stay tuned]
10-22-2015 Newshound Guru Kaperoni Article quote: "...confirmed the International Monetary Fund, on Wednesday, that Iraq could give a large loan in 2016 to help him achieve financial stability..." Well the good news is any IMF loan comes with a SBA (stand by agreement) and they do what they are told if they want that money.
10-22-2015 Newshound Guru Aggiedad77 Article: "International Monetary Fund: Baghdad is not currently in danger of running out of cash" The IMF is admitting they may well provide Iraq with a "large loan" in 2016 in order to achieve financial stability...they are recognizing the external issues that Iraq is facing, the war against DAASH and the falling oil prices that have both devastated their countries economy...what they are seeking from Iraq is the development of a clear and comprehensive set of reforms that apply to their finances...the IMF has agreed they may help in this process as well
10-22-2015 Newshound Guru wmawhite Article: “Deputy: the importance of the investment law lies in its implementation mechanism” Quote: "the Iraqi investment law is important and needs to the mechanism of implementation...” Implementation Mechanism? NICE! Activate the private sector, implement economic reform, etc...all require the same thing...the ability to conduct commerce outside the boarders of Iraq. Iraq's private sector, that so many are ready to activate, can not survive unless they will be able to conduct international commerce... because they will need to import 90% of their goods. IMO, we are seeing the administrative and procedural processes that the CBI said would take place prior to the completion of the "Project".
10-22-2015 Newshound Guru Adam Montana [Do you believe that the 2016 budget is in the books?...and if so is the HCL embedded in it?] I believe this next budget will be the easiest one ever. "In the books"? Not quite, but close enough.
10-22-2015 Newshound Guru Millionday Article quote: "necessity of activating the themes contained in the government program through the development of policies and mechanisms for implementation and applied to the development of economic sectors trends that achieve what is stated in these themes in the detailed aspects and determine the timeframe for their implementation." ...THE NEWS IS AMAZING...I AM SO EXCITED. FORMATION BEING DONE FOR NATIONAL OIL COMPANY DUE TO LONG AWAITED HCL AND FORMATION OF THE ECONOMIC COUNCIL FOR THE FINANCIAL POLICIES -- MONETARY REFORM INTERNATIONAL BANKING AND ECONOMIC DEVELOPMENT -- WITH CALL FOR A STRICT VERY RUSHED DATE TO BE GIVEN SO THEY CAN MOVE FORWARD AS OTHER COUNTRIES. THEY HAVE TO ACTIVATE THE GROUP OF EXPERTS TO MONITOR MONEY DEVELOPMENT AND GIVE AN EXACT DATE. TIME TO RELEASE INTERNATIONAL EQUATION AND GLOBAL PRICES IMO. ...IMO WE ARE VERY CLOSE...THE IMPORTANCE TO MOVE FORWARD -- IMO -- NEED VALUES FIRST THING.
10-22-2015 Newshound Guru Aggiedad77 Article: "Conscious / parliamentary Economy: Investment Law will happen quantum leap in Iraq's revenues" What an interesting choice of words here..."quantum leap" in revenues for Iraq...why...due to the Investment Law and the amendments that are currently being worked on in Parliament...get these amendments wrapped up and on the books and the investors are sure to follow...and along with them...will come bank accounts that are full of money that is drooling to be of assistance to Iraq and the many projects that have been put on hold for a significant time now...these amendments will be eliminating a great deal of red tape and a large potential of corruption from the past...this is a very good improvement for investors looking at Iraq.
10-21-2015 Intel Guru Frank26 I call it a LAVA FLOW for a very good reason. Have been SHARING that the last 3 weeks to be...S ...L...O...W. But may I suggest that after next MONDAY...THE LAVA FLOW WILL BECOME LESS VISCOUS...It will run at a much Quickened Pace! In fact may I suggest that the viscosity lessens starting today...Yellow Light. Iraq will be off the USD by 1/1/16. AND...Last night the Integrity Commission announced Tuesday the arrest against others of the current Ministry of Commerce a number of Director's Generals of The Ministry.
10-21-2015 Newshound Guru wmawhite the Investment Law is about "investments"...the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc. All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present ...Laws are the future.
10-21-2015 Newshound Guru Adam Montana [Is the old issue between the Kurds and Iraq the holdup (17%, religious history) , or are they just hammering out the final details?] IMO, the religious history is no longer the major factor that it used to be. What we are witnessing is a hammering of the details, and the hammering is getting good.
10-21-2015 Newshound Guru Aggiedad77 I'm excited...why...from what we see in the news today...it's all good...Indeed the Iraqis seem to be on fire with the actions they are taking...I know some say oh this is the same old thing we've seen and heard for the last xxx years....well to you it might be...but IMO...we've never seen the lava this hot...this cherry red to catch your pants on fire...I'm pumped up and excited as I have not been in quite a while.
10-21-2015 Intel/Newshound Guru tman23 Budget reached the House...They go on recess Nov 1st. They need to have the budget done by Oct 31st. If they do not they must stay in session until it is done and voted on. They are needing this Budget done ASAP! 2016 Budget (which includes oil agreement between Erbil and Baghdad). This would be Baghdads last chance to make good on paying Kurdistan the 17% of the budget. Kurdistan has lined up new options for exporting the oil outside of Baghdad. Time to pay the piper...BUT they cut salaries which has caused more demonstrations. TICK TOCK TICK TOCK...Value needs to come from somewhere... EXPLODE WITH RATE...OR IMPLODE BY DEBATE.
10-21-2015 Newshound Guru rcookie [new Guru] Article quote: "A Court of inquiry judge said money laundering in Baghdad Ayad muhsen Ligature in a statement...that "the Court issued arrest warrants for three of the defendants in the money laundering files". He said the ligature, "amounts that arise around suspicions that they were exposed to money laundering amounting to 69 billion dinars". ITS INCREDIBLE! IMPLEMENTATION OF ARTICLE III OF AML ACT! FULL LEGAL PROCESS AN ARRESTS MADE! AND MORE IMPORTANTLY...THE MECHANISMS FOR INVESTIGATIVE.. TRIAL... AND PROSECUTION ARE NOW IN PLACE. [Did they get M [Maliki] yet? IT IS A MATTER OF TIME! THE CASE AND CHARGES ARE GROWING DAILY!
10-21-2015 Newshound Guru Adam Montana But let me back up for a second... remember I said "don't freak out"? I say that because even though this is great news, I don't think we're any less than a month out. This HCL movement is EXACTLY what we need, but based on my longtime observance of how things work in Iraq, I am confident that we will see a slowdown in news for about a month... and then BOOM! Something big is going to happen! Yeah, I just did that... I am sticking my neck out and giving a timeline. Maybe not for the actual final official RV, but we are looking at SOMETHING big, and soon. I'm very excited right now! But I'm also patient, and I encourage you to do the same. [post 2 of 2]
10-21-2015 Newshound Guru Adam Montana Over the last couple months I've been pretty solid on one thing: No HCL, No RV. Pretty cut and dried, right? I've also been kicking around another angle on this deal...we're not going to get a huge warning, or even a hint, that the RV is coming. In fact, the opposite is my opinion...So with that in mind, don't freak out when you read this: "Oil agreement between Baghdad and Erbil will be presented to Parliament! The government has hinted it seeks the transfer of the oil deal with the Kurdistan region, which is hereby given region, its share of the budget for fiscal 2016 by 17% file, to the House of Representatives. ...yesterday that the budget bill arrived at the Presidency of the Council of Representatives by the government to put on the agenda and approval. " That...my friends, has the potential to be the BIGGEST and BEST news we have seen since Chapter 7 was lifted. We are FINALLY starting to see some movement, and this is AWESOME! [post 1 of 2....stay tuned]
10-21-2015 Intel/Newshound Guru tman23 Article quote: “...objections issued by the political blocs on the Prime Minister resolutions Atakzha including those related to ladder the new salary...” EVERYONE is mad as h*ll over their salaries being cut...Not the reforms they were expecting. But now if you take Massoum who was at $77,000 per month and now is at $8,000 per month...He is making 96k a year now...But if they drop the zeros and revalue with a rate of est $2.66 he would make about $220,000 usd per year...or 96,000 dinar. Same goes for the low wage earner of 450k IQD at $2.66 it would put them at around $1,200 per month. The new salaries will begin next month (November). They are coming with a rate...IMO.
10-21-2015 Intel Guru Frank26 [via FrostyTheSnowman] IMO – as we near closer to the new rate...Iraq is selling gold but not to the world ...it is targeting someone very, very important. The CITIZENS! Gold is being sold by Dr. Shabibi to the citizens of Iraq which will bring in the last 3-zero and will introduce the lower denoms. This is also help Iraq with their reserves. The selling of GOLD will also pull USD’s off of the street! Dr. Shabibi knows exactly how many 3-zeros are out there (IMO). I have something else to tell you...Dr. Shabibi is the director of the CBI and he wanted to raise the value of the dinar back in July but he and Abadi agreed that the timing wasn’t right. Security wasn’t right. ...we told you (IMO) that we wouldn’t see the RI until next year...and [Guru] Delta said the end of this year. Teams say that both of us are correct...perhaps more like the end of the year. (That’s what Dr. Shabibi wants).
10-20-2015 Newshound Guru Millionday PARLIAMENT IS REPORTING AS OF TODAY`S NEWS THAT THEY ARE WORKING ON THE INVESTMENT LAW VOTE. THEY ARE FINISHING THE AMENDMENTS ONE AT A TIME. SOME VERY IMPORTANT ONES ARE DONE AND SOME MORE ON THE WAY -- THIS IS THE VOTE SO READINGS ONE AND TWO ARE DONE. THIS IS HUGE PROGRESS FOR IRAQ -- I AM EXCITED.
10-20-2015 Intel/Newshound Guru tman23 The Investment Law is now a foregone conclusion...They will pass it if it already didn't pass. They have the new salaries in place, the tax laws, the tariff and custom laws, the anti money laundering law...These all deal with monetary issues. I have been on this law since June of 2014 and for good reason. It is not a problem, it is a delay for reasons of timing...be that getting other laws in place first etc..etc... BUT I have good information that says it is not a debate issue inside Parliament. Note that the salary adjustments and other numbers floating around indicate that a IQD rate of $2.66 would put them around the international standard...I think we are all ready to move on to new horizons...And it appears that Iraq is ready for new horizons also.
10-20-2015 Intel Guru Delta Iraq can’t come out of the hole unless they do something. We all know what the SOLUTION is...Article 8...currency reform...print in the Gazette...investors will then inject lots of money into the country. Again...nobody knows the date. What we do know is that Iraq is running out of time. Just sit back and watch what happens. IMO – they must act fast!
10-20-2015 Intel Guru Bluwolf A dear friend feeling discouraged, wrote to me and informed of how both he and many others have lost all hopes on this blessing... Answer, there are 28 million folks who own dinars and wasn't supposed to know according to all governments. They have tried everything so that you would loose your hopes and aspirations... I know that after 14 years we are finally seeing the fruit of our suffering taking heed...This is here my friend...
10-20-2015 Newshound Guru Kaperoni I hope your wrong [Guru] Mike, as I see the news media has reported such on a few sites. But the parliament website itself has not. The official press statement from the parliament website is clear...next session. And the next session is tomorrow (20th). And I would hope that the parliament site would have the most accurate information. [reference Guru mike post 10-19-2015]
10-20-2015 Newshound Guru Millionday [Are their more amendments to this investment law? Will they do them all or drag it out one by one?] THEY HAVE STATED IT WILL GO THROUGH AS ONE LAW -- WHICH LEADS ME TO BELIEVE BY WHAT I HAVE READ --- THEY HAD THESE TWO AMENDMENTS TO GO OVER/CHANGE --- THEY ARE ALREADY PROMOTING THEIR INVESTMENT LAW AS A HUGE BONUS FOR INVESTORS.
10-20-2015 Intel Guru Delta The CBI – they are spending 5 Billion Dollars a month to give to the Iraqi banks – (to defend the Iraqi Dinar). Reserves...he said that only...about 55 Billion left-over...which means by the middle of next year, they will run out of reserves. So what happens then? Iraq would collapse. The revaluation of the Iraqi Dinar will fix a lot of problems. For us, this appears to be good news because everyone is telling Iraq that they need to revalue at a very good rate to help out with the current situation. The nation of Iraq will collapse if they don’t do something before the end of the year...maybe even November 21st you might see something. Abadi knows that the economy will collapse without it. This is 100% fact! ...they have no choice and they really are out of time...the authors of the plan will lose. This is very, very important. They know what they need to do. I believe before the end of the year they MUST do something! [post 2 of 2]
10-20-2015 Intel Guru Delta [via FrostyTheSnowman] I want to talk to you about the article that I posted back on the 16th of October. The economist is talking about the economic crisis in Iraq – and offers his opinion of how to get over the crisis. He claims that in the beginning of 2016, Iraq needs to make some changes to avoid some problems. So many events led to the crisis -- (ISIS, corruption, oil prices). He said that Iraq needs to boost the private sector and agriculture. He said the solution (...coming very soon) ...the very most important solution would be for the government to reevaluate the Iraqi Dinar. [post 1 of 2....stay tuned]
10-20-2015 Intel Guru Frank26 [via FrostyTheSnowman] You know that Dr. Shabibi has the green light. Do you think that Iraq is slowing down the monetary reform? No! Iraq is stepping on the gas. The bad guys that once controlled the GOICBI are gone. ...the investment law was delayed, postponed...if you want to believe that...that is your business. But, deep in my heart they are waiting in a top-drawer waiting to be released when Dr. Shabibi is at the helm of the CBI. You don’t need an Investment Law unless you are EXPECTING something to happen. Investment Law is for who? Investors who want to come into Iraq. YOU are in investor in Iraq – without going into Iraq. That is why this is so important. I believe that the Investment Law may bring forth the HCL. We must see the LAWS...the LOWER DENOMS...then Dr. SHABIBI. IMO – the laws are passed they are just waiting for them to raise the value of their currency...All of the "old-timers" will remember...in the still of the night...
10-20-2015 Intel/Newshound Guru Mnt Goat I can tell you with all my heart and soul there will be NO RV until at least early January 2016. Again I will say this is only if Iraq can meet and fulfill its promises as part of the future process and plans for Iraq. Can they maybe accomplish their commitments prior? I do not have much faith in them as long as the Maliki syndrome is still present. It is part of the legislative bottleneck. We are definitely now on track for an early 2016 opportunity.
10-19-2015 Newshound Guru Millionday I HAVE BEEN WORKING ON THE INVESTMENT LAW VERIFICATION. THERE HAVE BEEN MANY REPORTS STATING DIFFERENT RESULTS CONCERNING THE INVESTMENT LAW -- STARTING YESTERDAY THROUGH TODAY. IMO IT IS NOT PASSED AND THEY WILL MEET TOMORROW ON THE AGREED UPON AMENDMENTS...BUT NO GUARANTEES ---THIS IS IRAQ.
10-19-2015 Intel/Newshound Guru Poppy3 Haider Al-Abadi on Twitter: "Important breakthrough today as the Council of Ministers approves the proposed federal budget for 2016" MOVEMENT IN IRAQ ALL IN OUR FAVOR AND MOVING IN A DESPERATE RATE...LIKE VOTES TODAY THAT WHERE PREVIOUSLY SCHEDULED FOR TOMORROW. EVER SEE THEM DO THINGS FASTER THAN SCHEDULED? NEVER BEFORE TODAY! ABADI OPENED GREEN ZONE LAST WEEK AND THE PUBLIC IS FREE TO BE ANYWHERE. THEN YESTERDAY HE LIFTED ALL EXTRA SECURITY POLICE AND WENT BACK TO STANDARD COVERAGE. BANKS THERE ARE ALL OPEN AND DOING BUSINESS WITH THE PUBLIC. BANKS THERE ARE ALSO ANXIOUS ALONG WITH RETAILERS TO SEE MORE BUYING POWER THEY HAVE BEEN PROMISED FOR YEARS NOW. WE ALL WANT THE SAME THING AND ABADI IS DOING ALL HE CAN TO POSITION THEIR COUNTRY FOR GREATNESS. WE ARE GETTING CLOSER EVERYDAY.
10-19-2015 Newshound Guru mike Respectfully, I believe Parliament is raised until next week: Quote: "It raised the presidency of the Iraqi Council of Representatives, on Monday, the 31 of the first legislative term of the second legislative year to the meeting on Tuesday of next week, (October 27, 2015)..." Today's vote, from what I can tell, was a vote to amend the law and send it back to committee. I don't think we'll see the investment law until next week, if they get to it then. I believe they're going to continue to meet and discuss security as well as the amendments to the Investment Laws, but I don't believe Parliament will be in session. I guess we'll know for sure tomorrow.
10-19-2015 Newshound Guru wmawhite the Investment Law is about "investments"...the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc. All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present ...Laws are the future.
10-19-2015 Newshound Guru Kaperoni Article quote: "The Council proceeded to vote on the draft second amendment bill to the Investment Law..." There is nothing negative to take away from today's session. They started to read the Investment Law again as stated and their were some further "constraint" concerns which are being amended. The best part is this...For his part, Mr. al-Jubouri said the completion of the vote on the bill in the next session. Quote: "Then it decided to adjourn the meeting to next Tuesday 10/20/2015". So we see ya tomorrow!
10-19-2015 Newshound Guru firefly Investment Law is for the protection of foreign investors. Not directly related to any change of currency. The Investment Law is meant to draw in Investors and confidence that their money will be safe...it is huge but NOT needed for any change of value to their currency. Required? No. Needed? Yes.
10-19-2015 Intel/Newshound Guru Poppy3 all the laws are positive but are not for immediate investments in iraq. THEY OPEN THE DOOR FOR FUTURE INVESTMENTS AND GROWTH OF THEIR ECONOMY. GETTING THESE OUT OF THE WAY DOES SHOW THE IMF / WORLD BANK AND UNITED NATIONS THEY ARE SERIOUSLY GETTING IN POSITION FOR BETTER CREDIT RATING AND BECOMING A FULL MEMBER OF THE WTO. THIS IS VERY ENCOURAGING...THE RATE HAS TO BE IN OUR NEAR FUTURE.
10-19-2015 Newshound Guru Enorrste ...it seems clear to me that there are a large number of risk takers in the world who are chafing at the bit to get a chance to make some serious coin in Iraq. Only time will tell, and if [Guru] Mike is correct on one thing it is that time has past without a whole lot of change. [reference Guru mike 10-19-15] It is a gamble, to be sure, but it has a lot of advocates around the world. Unfortunately, as ISIS shows us, there are also those on the other side as well. Nothing has changed in terms of the plan, as I see it. What has changed is time and events. Had ISIS not exploded I personally think the float would have started some time ago. Add to that $40 oil prices and the situation is exacerbated to the point of a financial crisis for the country. What amazes me, and stimulates me, is the tenacity of the CBI in the face of these obstacles (not to mention corruption, Maliki, Parliament's inaction, etc.). In the fact of all of this the CBI holds firm to its planned goals...
10-19-2015 Newshound Guru mike I'm going to watch and see what the Investment Law really has in it. One of the sticking points so far is about land ownership, many don't want investors to actually own the land where they build their businesses...If Iraq actually crafts a law that protects and encourages outside investment, we'll know they're serious about attracting foreign capital, If not, I don't think much will happen on this front. I know there are many who believe major investors are chomping at the bit to get into Iraq, but I just don't buy it. I'm looking forward to the day when Iraq unites and does what's best for themselves and their people, once I see that, progress should be just around the corner. [post 2 of 2]
10-19-2015 Newshound Guru mike If I had a dollar for every article that talked about monetary and economic reform that was "just around the corner", I wouldn't need the dinar to increase in value, I'd be rich already. I can remember all the way back to 2012, when Shabibi attended the conference in London, that the articles and others thought Iraq was ready to initiate a change in the rate, why else would Shabibi go to London? Well, here we are, three years later and all Iraq's done is back up, there's been very little forward movement. What Iraq is lacking, in my opinion, is the political will to enact the great ideas that the world and many noted economists have suggested. I'm not down on the dinar, nor am I negative, I'm pragmatic about the progress of Iraq. [post 1 of 2....stay tuned]
10-19-2015 Newshound Guru Aggiedad77 Article: "Parliament puts al-Maliki on the threshold of a dark tunnel refusing the resignation of Sinead" Parliament rejects the resignation of one member of Parliament that would have likely paved the way for Maliki to rejoin Parliament thus, at least in his mind, provided immunity to him for the crimes he is accused of concerning the fall of Mosul last year in June. This is a huge breath of fresh air from Parliament as a group to stand up and vote against such an action...
10-18-2015 Newshound Guru Enorrste Article quote: "An informed source said that the amendment of the paragraphs of the new investment law will give Iraq on a plate for Arab and foreign investor." ...allowing foreign investors to own land in Iraq is like offering up Iraq on a plate to those investors. However...the author of the article was not in favor of the move. I suspect, however, that Abadi is working assiduously to push this through Parliament and that he is confident that he has built the momentum to achieve that goal (otherwise why mention a vote on Monday?). Let's wait and see. If it includes the ownership provision we could be off to the races, at least as a start. If we are lucky perhaps the CBI, working through Saleh to get to Abadi, will do the same thing on a Banking Law that they have apparently done on the Investment Law. Let's keep our fingers crossed!
10-18-2015 Newshound Guru firefly [It feels things are speeding up the last 3 weeks...] Faster than ever! They have no choice. Watch for Sistani to talk. Remember Sistani word is law! Sistani also told us he going to be more involved in the political arena...HUGE! EVERYTHING Sistani has told Iraq to do, Abadi has done it! EVERYTHING.
10-18-2015 Newshound Guru Millionday Article quote: "...the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it..." [could they pass the law without activating it, and wait till they are ready to release everything at once?] YES THEY COULD BUT ALL THIS IS OBVIOUSLY FOR A PURPOSE -- LOANS ETC -- DEVELOPMENT. IMO THEY ARE NOT SITTING ON IT.
10-18-2015 Newshound Guru Aggiedad77 Article: "the Council of Ministers approved at its special session, on Sunday, the draft budget for fiscal 2016..." This is a GREAT thing to read today...the COM approving the budget for the year 2016...now hand this over to Parliament...and take heed of PM Abadi's request to keep your political fingers off the budget and get this passed in the soonest route possible.
10-18-2015 Newshound/Intel Guru BGG ...I feel we are at the door and how many times we were there..? with BRICS, CIPS and whatever else is out there...we are very close.
10-18-2015 Newshound Guru wmawhite What is missing in the following list of currencies?
1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085
...think of sesame street..."from the list of currencies what is not like the others?" From the list of currecnies, which country has the largest economy? [the largest economy to be Iraq and the currency has leading zeros...which shows it's weak at the moment.] Very good...actually the current value is not weak...it is actually...worthless. Yet, many of the other countries that have only a fraction of the GDP have currencies valued a 1,000 times greater.
10-18-2015 Newshound Guru Aggiedad77 Well from the sound of initial reports we should be hearing that the COM approved the budget today and will be forwarding it on to Parliament where there is a request to keep political differences away from the budget process and get this budget approved as quickly as possible...well I'm not holding my breath yet for that to happen...be looking today for a vote on the Investment Law by Parliament if they hold true to their word.
10-18-2015 Newshound Guru Enorrste I, for one, remain cautiously optimistic that the plan is moving forward, even though at a snail's pace... I see that pressure is increasing to make a "leap" forward. The passage of the Investment Law this week, hopefully, will be a big step in the plan because it will open the door for protected investment and land ownership from foreigners...we could begin to see a significant increase in foreign investment in the near term. Then we need some banking relief through a new Banking Law. Third, we need to see the introduction of the large 50K notes. Reducing the Iraqi money supply...will lead to a rise in the value of the dinar. Once this process begins, hopefully before the year ends, I foresee a rapid rise in the value of the dinar...most importantly due to the influx of new money from abroad. I'm actually excited to see this plan laid out in detail for the first time. [post 3 of 3]
10-18-2015 Newshound Guru Enorrste The article is also fairly clear on those elements that have caused the "plan" to be stalled to a large extent...in addition to those things that we have always known, there were a couple new points made that make the lack of progress more understandable. The article is also specific in that it sees that the role of the government is obstructive rather than helpful in moving toward a more open market driven economy. It is my view that Abadi is a good guy and that he is actually looking for ways to help move this process along. Ideally, the CBI will give him suggestions that he can implement unilaterally (without approval from Parliament) to remove some of the strings that exist in government funding and expenditure, reducing the move to a market economy. [post 2 of 3....stay tuned]
10-18-2015 Newshound Guru Enorrste Article: "Monetary policies in Iraq and proposals for the next phase applications" We are all, or at least most of us, frustrated that the CBI has seemed to be unable to move "around the corner" leading to a rise in the value of the dinar...this article for once outlines in detail...the fact that the CBI definitely has a plan and that the plan includes, first, stabilizing the dinar rate, then second, raising the rate, and, third, eventually removing the large notes from circulation ( a clear goal of at least $1 for the dinar). Therefore, if nothing else, this article is a confirmation that the overall plan remains in place in spite of the obvious drawbacks. [post 1 of 3....stay tuned]
10-18-2015 Newshound Guru Millionday Article quote: "...the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it..." THIS IS THE FINAL VERSION OF THE AMENDMENT...THEY PLANNED ON VOTING IT THROUGH LAST MONTH IT APPEARS BUT --- THE FINAL AMENDMENT GOES ON MONDAY. THIS WILL OPEN IRAQ FOR FOREIGN INVESTMENT --- WIDE OPEN IT SAYS...KNOW HOW HUGE THIS IS? HUGE.
10-17-2015 Newshound Guru Aggiedad77 They are describing a new Iraqi culture that is truly working to make a better life for all Iraqis...sure it will be a slow process, but moving ahead is now the new reality. Watch as they make plans, implement reforms, and bring people back to the forefront of importance all across Iraq...a new awakening is occurring. Just as the Investment Law may come into play tomorrow with a positive vote in Parliament...one day at a time, one step at a time, one person at a time, they are working on improvements...That MR that flows like lava that can't be stopped and along with it at the right time the blessing to benefit all. [post 2 of 2]
10-17-2015 Newshound Guru Aggiedad77 Article: "The development of the banking system supports a balanced development" ...pay attention to what the news media is wanting to share with you these days. I suddenly get a sense of a great change...Change from cover ups and deeply hidden masks of what was going on with the former government... Today though we witness I think a new awakening...things like this article that speaks to real economic development...speaks to the growth of the private sector in terms of reality, not just words but actions that are taking place right in front of us. [post 1 of 2....stay tuned]
10-17-2015 Newshound Guru Adam Montana [...do you honestly think Iraq will EVER revalue the dinar?] If the day ever comes where I see evidence that we are going to lose money, I give you my word that I will tell the people.
10-17-2015 Newshound Guru Kaperoni Article: "Association of Banks: We are working on the horizontal increase in the banking sector by increasing the number of branches" More encouraging news. They would not be doing this unless they expected changes in the economy very soon..remember most banks are failing. You don't open more branches in any business when you have no business to begin with...unless...
10-17-2015 Newshound Guru firefly The AML was the cornerstone of ALL the laws. No wonder the IMF and WB insisted on it being done by Oct. 1st. No ther law would work internationally if the AML wasn't in place. Like I said 4 days ago..."It's coming".
10-17-2015 Newshound Guru Kaperoni Article: " The new investment law...to provide Iraq on a plate for the investor" I'm all for anything that gets the wheels of investment turning in Iraq. That is the only way the dinar goes up in value. This is huge news... Iraq has finally stepped up to the plate. The title "Iraq on a plate for the investor" is a true statement if they pass this law. With the law back to parliament, it hopefully will get passed Monday as they say. The good news is that when Abadi pulled these laws last week to make amendments, he is doing so it appears to really create momentum. Now we need some banking deposit insurance.
10-17-2015 Intel/Newshound Guru Poppy3 looks like the real officials are lowering the boom on maliki and now for real nailing his coffin shut. OVER THE NEXT FEW DAYS LOTS WILL SHOW ON HOW SERIOUS THEIR CHARGES WILL PROVE. NEXT THE INVESTMENT LAW BEING VOTED TO LAW IS A STEP IN THE RIGHT DIRECTION...HOWEVER THEY HAVE STOPPED THE BOND SALES PROGRAM THAT WE STATED SEVERAL TIMES WOULD NOT WORK. NO ONE WOULD INVEST IN BONDS THAT IS NOT BACKED WITH INTERNATIONALLY ACCEPTED CURRENCY.
10-17-2015 Newshound Guru wmawhite For those of you that think there is nothing good happening...look at what [Guru] BGG brought to you. another economist, who advises the GOI, stating the the IQD ought to be re-evaluated. This guy states it as if it is a fore-gone- conclusion. [reference Guru BGG post 10-16-2015]
10-16-2015 Newshound Guru Mike Article: "The new investment law ... to provide Iraq on a plate for the investor" We'll have to wait and see what happens on Monday, there have been several articles that talk about the investment law coming up for a vote then, If we see a strong law that gives investors some protection and the ability to buy the land, we'll know they're serious. If the law is some watered down version of what's needed, then we'll know the old guard is still holding Iraq back from moving forward economically. IMO.
10-16-2015 Newshound Guru Aggiedad77 Article: "Crisis cell led by al-Abadi meets to conduct a comprehensive review of the budget law" PM Abadi held a "crisis cell" meeting to prepare for an "extraordinary meeting" on Sunday regarding the 2016 budget...I hope he's telling his ministers this is how the horse bit the apple...leave this budget alone...and tell your Parliament committees to do the same as he stares at Finance Minister Zebari eye to eye...again he focuses on salaries for 2016 up front rather than the funds needed to continue to fight DAASH...let that be a subtle hint that SECURITY is being taken care of...that it is not the issue it once was...the issue hasn't gone away...but it is markedly better than earlier this year.
10-16-2015 Newshound Guru Adam Montana 4. "...the rest of it..." ...we're talking about Iraq. Violent protests have always been and will always be part of their life, regardless of the value of their currency. Don't get me wrong... I'm not promising that things can't go downhill...But my view is still positive on this. Expecting Iraq to turn into a civilized country, regardless of the value of their currency, is unrealistic. The protests and demonstrations will run their course, and at the end of it there will be a less divided community, not the opposite. [post 2 of 2]
10-16-2015 Newshound Guru Adam Montana Article: "Kurdistan/Erbil having a lot of issues that will delay political agreements to the HCL. What is your view on this article? " ...it's an opinion piece. I try not to give my opinion on other's opinions, but I'll indulge you this one time. 1. "The prime minister of Iraqi Kurdistan removed four ministers from his cabinet on Monday..." Good! Trim some fat, less chefs makes for better meals. 2. "The unrest is the most serious the relatively peaceful region has seen in years..." I disagree... Look at the last 10 years. Iraq - ALL of Iraq - is generally in a better spot, in almost every way imaginable, than 10 years ago. 3. "...The Kurdistan region is heading towards a much worse situation," Mohammed said.." Yousif Mohammed is a long time dooms-sayer. He has never, to my recollection, had anything positive to say, in any situation. [post 1 of 2....stay tuned]
10-16-2015 Newshound Guru Aggiedad77 Article: "Sheikh Hamoudi announce an end to disputes over investment law and vote on it next Monday" The Investment Law will walk onto center stage Monday, so it is said, for a Parliament vote on significant changes to the law....hopefully gone is the red tape, gone are any motives towards corruption....hopefully gone are the political differences that have plagued this law for months.
10-16-2015 Newshound/Intel Guru BGG Report quotes: "10. re-evaluation of the Iraqi dinar: "...What makes it imperative for the government re-evaluation of the Iraqi dinar is reasonable..." this is a hummdinger...That was from a report out by one of their economic advisors...
10-16-2015 Newshound Guru Millionday I WOULD LIKE TO SAY THAT THE IMPORTANCE OF THE INTERNATIONAL INVESTMENT LAW IS THE GREATEST NEED I KNOW. THE VOTE FOR FOREIGN INVESTMENT LAW WILL BE MONDAY. THIS IS NEEDED FOR THE INTERNATIONAL LOANS/AGREEMENTS THAT WILL BE MADE FOR DEVELOPMENT. THE VOTE FOR THE INVESTMENT LAW ON MONDAY IS -- HUGE -- HUGE.
10-15-2015 Newshound Guru Millionday "...the Central Bank of Iraq aims and according to the Bakannouna to the pursuit of stability in the exchange rate of the Iraqi dinar and promote the preservation of a stable financial system competitive and based on the market and the promotion of economic stability and sustainable growth and prosperity in Iraq." OBVIOUSLY THE ECONOMIC RATE GAP IS DUE TO THE LACK OF CALCULATED VALUE -- INTERNATIONALLY AND LOCAL. THE VALUE TO BE BASED ON THE MARKET -- SUPPLY AND DEMAND BY THE INTERNATIONAL EQUATION -- GLOBAL PRICING INDEX. [would that mean a float?] NO THAT WOULD MEAN AN ACTUAL CALCULATED RATE -- FAIR MARKET VALUE. THAT IS THE STATEMENTS WE ARE WAITING ON. KNOW THIS SOMETHING YOU CAN BE EXCITED ABOUT.
10-15-2015 Newshound Guru Aggiedad77 Article: “The current economic crisis is required in Iraq and Reform” I'm excited, sounds like some really good MR movement...maybe this week is not going to be so dull after all.
10-15-2015 Newshound Guru Adam Montana [ Isis, Russia, Iran...Three heads that wouldn't want the US to benefit, and who are firmly entrenched in Iraq's corruption issues. Why would Iraq turn their currency on at this moment in time when so much could implode politically and economically if they did?] The fact that ISIS, Russia, and Iran don't want the US to benefit from anything, ever, has nothing to do with how an RV will benefit Iraq, Russia, Iran, and ISIS. There's a negative side to any situation, if that's all you're looking for. I don't think those three "heads" have enough influence or control, particularly over the CBI, to stop Iraq from making progress.
10-15-2015 Newshound Guru Kaperoni Article: "Islamic Bank is approaching the country's declaration of bankruptcy" I think it is much bigger than just Islamic banks. The private banks have no cash flow, no depositors, and a lack of liquidity in the market. IMO, the whole banking system is in dire need of laws, and an openess to the world.
10-15-2015 Newshound Guru Millionday Article quote: "Iraq central bank issued gold bullion to withdraw cash liquidity from the market..." THIS IS BEING DONE TO ENHANCE AND BACK THE DINAR VALUE -- KNOW GOLD HAS ALWAYS BEEN USED AS HARD BACKING A CURRENCY...TO MAINTAIN A STRONG VALUE AND BACK IT. IT IS BETTER THAN A FIAT CURRENCY -- BACKED BY AIR -- OR JUST PRINTED -- KIND OF LIKE HAVING COLLATERAL. I AM SO EXCITED BY WHAT IS HAPPENING WITH CBI. -- HUGE NEWS.
10-15-2015 Newshound Guru Adam Montana [Do you have any sources that give us any optimism that, at the least, HCL related laws will make it to a parliamentary vote this year?] I don't believe we are going to get that kind of warning. I think when the HCL goes through, it's going to happen fast for a few important reasons. 1. It will eliminate any attempts by either side to sabotage it. They will probably put a fair agreement on the table (that neither side will be completely happy with), and pass it. 2. It will prevent a huge speculation run on the Dinar. …there are extremely smart and wealthy investors out there who will pounce on this deal the minute they get wind that an HCL/RV is coming... so it's going to be in Iraq's best interest to push through both the HCL and an increase in the value very fast... so fast that the BIG money investors won't be able to get their hands on tens or hundreds of millions of dinar at the pre-RV rate. I am so strong on that opinion that it's my opinion we won't have any warning at all…
10-15-2015 Newshound Guru Aggiedad77 Well after taking a quick peek at the news this morning that has surfaced so far...it sounds good to me...the Investment Law headed to a vote on Monday it sounds like...more talk on the budget for 2016...
10-15-2015 Newshound Guru wmawhite Also, this new investment laws actually started four years ago when Iraq hosted a huge seminar in London...100s of investors attended and gave recommendation to the GOI as to what would be needed in order for them to invest in Iraq...those countries, business, etc. that are helping Iraq with the drafting of these laws are doing it because of their interest in Iraq and its future. The gulf region is naturally interested in doing business with Iraq...however, Western Europe as well as Russia understand how critical it is for Iraq to be successful in these reforms because they are now seeing first hand the effects of the area being unstable. [post 2 of 2]
10-15-2015 Newshound Guru wmawhite Reference Guru Millionday post: “10-14-2015 Newshound Guru Millionday Press report quote: “The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously” THE VOTE OF ECONOMIC REFORM LEGISLATION IN ITS ENTIRETY…” I do not believe that these folks are going through all of this NOT to activate these reforms. the other part of this is that the GOI/Parliament are being taken by the hand and walked through this process. All of these people have never lived in Iraq when they have needed monetary reform…the folks in the goi/parliament were just kids as far back as Sadaam and he determined all policy…nor the need to have foreign investors invest in Iraq. They have never had the need until now...well, figure it out...they have never had the knowledge has to how to draft such laws. This is why we are seeing these amendments being introduced into these laws at the last minute...they are being guided by folks outside of Iraq. [post 1 of 2….stay tuned]
10-15-2015 Intel/Newshound Guru tman23 “…23rd session of the first legislative term...to postpone the vote on the draft second amendment bill to the Investment Law...until after the Eid al-Adha holiday…” This Investment Law is not just needed but required for foreign investment to begin deposits in Iraq...It was a condition of the European Union... Iraq desperate for investment...WHY THE DELAY? Parliament does not understand the Federal Government delaying 50 bills that have been read 2 times...The Investment Law was read 2 times... Why not pass it and post it as law but do not implement it same as they have on tariffs… IMO The delay is 3 zeros!
10-14-2015 Intel Guru Frank26 …the initials ADRS…actually stand for three people, three movers and shakers within Iraq…PM Abadi...Dr. Shabibi and…Ayatollah Sistani…the leading cleric of all of Iraq. These three gentlemen have a commonality in their voices...they stand in congruent agreement concerning what is needed in Iraq and with their commitment towards the future of Iraq the words they speak are so very time sensitive. Fear is what causes things in Iraq to move and get accomplished. Previously, with the old government it was fear of Maliki…However today, the fear is really a countrywide respect for their Holy Man, the Ayatollah Sistani. The Holy Man, Sistani, is expecting 1, 2, 3 and yes 4 ...this is what he is asking of both PM Abadi and Dr. Shabibi…#1. Are the laws passed and ready to be published; #2. Are the LD’s ready; 3. Dr. Shabibi are you sure you are ready to step up again...and #4. Dr. Shabibi I have proved the FATWA, are you ready and have the head nod from the IMF for whatever rate you believe is right...these are his EXPECTANCIES. These three are in cahoots with each other, one voice, one accord...all three are talking to the people. They...are EXPECTING something and they EXPECT it this year...yes THIS YEAR.
10-14-2015 Newshound Guru Millionday Article quote: "The budget of 2015 free of the fiscal deficit, but achieve financial abundance is estimated at 500 billion dinars" SO THE 2015 BUDGET IS SHOWING FINANCIAL ABUNDANCE OF EST 500 BILLION DINARS. THINGS THAT MAKE YOU GO HMMMMMM
10-14-2015 Intel Guru SteveI ...there have been many unexpected events pop up over the past year and one never knows if anything else could slow it down. From our sources, there is not a whole lot more to get in the way of the end result. Progress is being made despite what you read and hear. There has been so much misdirection regarding information that one does question this investment, but for those that have great contacts actually here in the US and in Iraq, I like where we are and where they are going...not at the speed we all wanted, but this is not about us, but rather the rebuilding of an entire country. Apparently not as easy as it looks as we are looking for [from?] the outside in.
10-14-2015 Newshound Guru Millionday YESTERDAY THE UN ANNOUNCED THEY ARE BACKING THE REFORM PACKAGES OF IRAQ AND THE WORLD BANK AND IMF HAVE ALSO ENDORCED THE REFORM PACKAGES --- THE COUNTRY IS NOT ABLE TO JUST SIT AND WAIT FOR PEACE -- THEY HAVE TO SAVE THEIR ECONOMY IMO.
10-14-2015 Intel/Newshound Guru Backdoc THINGS ARE STARTING TO HEAT UP! I LOVE THE CULMINATING EVENTS. EARNING SEASON SHOULD PROVIDE MANY MORE SURPRISES! SOMEWHERE IN THIS NEWS FRENZY AND CRASH WE SHOULD SEE THE RATE SHOW UP!
10-14-2015 Intel/Newshound Guru Mnt Goat We are hearing that finally Iraq and the coalition forces are making great progress fighting ISIS. They do not tell us everything but one thing we know for sure is the goal is NOT to let ISIS DAASH reoccupy any ground already taken. As you know in the past once an area was cleared, ISIS simply worked around and out flanking the Iraqi and Qud forces reoccupying the area. This time this will not work. They are boxing them in and either they surrender or experience their final fate of death. This is all good news and what we need to hear. Another notch on our to-do list thus closer to the needed security stability as needed for the currency reforms.
10-14-2015 Newshound Guru Aggiedad77 Well this is a week of numbers... remember what they are? One, Two, Three, and Four...1). Make public the LAWS; 2). Watch for the LD's (50's and 100's) some are in Iraq, others are coming; 3). Date Dr. Shabibi to announce his return to the CBI; and 4). Dr. S receives the FATWA from the Iraqi cleric and yet another green light from the IMF to move things to a level of his choice.
10-14-2015 Newshound Guru Backdoc WITH LAWS COMING TO CONCLUSION IN IRAQ AND IMPLEMENTATION IS ABOUT BEGIN, WE SHOULD BE VERY HOPEFUL! VERY INTERESTING TO SEE IRAQ'S BUDGET FINALLY COMING UP FOR AIR! SOON THAT NEW FRESH AIR SHOULD BE BLOWN AROUND THE WORLD.
10-14-2015 Newshound Guru Millionday Press report quote: “The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously” THE VOTE OF ECONOMIC REFORM LEGISLATION IN ITS ENTIRETY WAS VOTED THROUGH UNANIMOUSLY!!! THEY HAVE FOUND WAYS THROUGH THE REFORMS TO MOVE TO A MARKET ECONOMY WITH THE WORK PACKAGE WHICH SUPPORTS THE PRIVATE SECTOR AND PARTNERING WITH THE PUBLIC SECTOR --- WHOOPOW! THEY HOPE THAT THEY WILL HAVE HUGE SUCCESS WITH THE REFORMS AS WAS WITNESSED IN EU DURING THEIR TRANSITION. THE REFORMS WILL HAVE A HUGE IMPACT AND FILL A LARGE PART OF 2016 BUDGET WITH THEIR SUCCESS. [What does that mean for us investors Legislation being voted thru?] THIS MEANS THAT THEY ARE PREPARED TO IMPLEMENT THE ECONOMIC REFORM PACKAGE DUE TO THE LAWS THAT NEEDED TO SUPPORT ALL THE CHANGES HAVE BEEN PASSED.
10-13-2015 Newshound Guru Millionday "...praising the efforts of the United Nations Mission in Iraq for the return of security, stability, and development... noting that the United Nations is pouring its efforts in support of reforms." THIS ANNOUNCEMENT IS FROM THE MEETING WITH THE UN AND IRAQ`S FOREIGN INTENTIONS -- TO UNIFY WITH COUNTRIES OF THE WORLD. THE UN IS VERY HAPPY AND PRAISING THE RETURN OF SECURITY ----STABILITY --- AND DEVELOPMENT. SO --- POURING THE UN EFFORTS INTO THE RETURN OF IRAQ AND THE REFORMS...THIS IS GREAT --- IMF --- WORLD BANK --- THE US AND THE UN --- THAT WAS THE MOST POSITIVE STATEMENTS I HAVE EVER HEARD FROM THE UN ETC. [in your opinion how does this tie into a change of dinar value?] IT TIES COMPLETELY...THROUGH A MARKET ECONOMY AND THE NEED FOR THE CALLED FOR INTERNATIONAL EQUATION AND GLOBAL PRICING PER --- GLOBAL TRADE.
10-13-2015 Intel/Newshound Guru tman23 They have painted themselves into a corner...The issue now is not the money that has been wasted but rather the TIME...Iraqi's have idea how valuable time is...BUT IN THE NEXT 20 DAYS THEY ARE ABOUT TO GET A CRASH COURSE IF THEY DO NOT GET THE FED COURT ACT AND INVESTMENT LAW TO VOTE.
10-13-2015 Newshound Guru firefly Relax, the Dinar opera is coming to an end! Really. [ok when?] please don't ask me dates or rates...Just know it's coming.
10-13-2015 Intel/Newshound Guru Poppy3 ALWAYS SAID BONDS WHERE NOT GOING TO SELL? NO ONE WILL BUY A INTERNATIONAL BOND THAT CANT BE TRADED EVEN THEY SHOWED THEM WITH A HUGE RATE ON THEM. BOND SALE WERE NEVER A POSITIVE FOR THE NEW RATE OF THE DINAR. THEM NOT SELLING IS IN OUR FAVOR.
10-13-2015 Newshound Guru Aggiedad77 "It ain't over until it's over"....so true for Iraq...they stand hip deep in issues...they gather the wagons surrounded by bad guys...bad guys from the outside (terrorists) and bad guys from within (corrupt officials)... But they have someone who can save the day...one who has the expertise and where with all to change the course of things through his skill set and expertise...make it so...if Dr. S [Shabibi] who has silently stepped onto the playing field, an unexpected substitution of sorts for keywords...if he were to pinch hit in such a capacity that he is so well known for..."taking care of business"... I would suggest you watch for this...NATURAL...to step to the plate in the very near future...for I believe the destiny of Iraq will ride in his hands...His effort will connect Iraq to the rest of the world in a way no one expected...with an outcome for all who had the patience that was unbelievable...Dr. S is in control and the outcome will be monumental.
10-13-2015 Newshound Guru Kaperoni Parliament: "The meeting's agenda number (29) Wednesday 14 October 2015 ...The third parliamentary session..." They continue to get a lot of laws to a second reading. I still believe they will then pass them all at once in a basket.
10-13-2015 Newshound Guru Millionday [Do you think with IMF or WB not giving the loan.. Iraq and US will be forced to pull the trigger...?] THE WORLD BANK AGREED YESTERDAY TO GIVE IRAQ ASSISTANCE FOR DEVELOPMENT ETC. MANY HAVE HAD A HARD TIME WITH A "NO FOR A LOAN" FROM THE WORLD BANK BUT -- THEY AGREED TO ASSIST THEM WITH FUNDING GRANTS -- THIS IS BETTER. KNOW THE MANY THINGS THAT THE WORLD BANK WILL ASSIST WITH AS WELL --- CBI IS OVER BANKS NOW AND THEY ARE ACTIVELY HEAD OF THE BANKING REFORM...SO HELP FROM THE WORLD BANK IS HUGE.
10-13-2015 Newshound Guru wmawhite ...at any one time there are hundreds of bonds being marketed by countries. If Iraq wanted to up the interest there would have been buyer. Good for them choosing to pull the bonds. Remember, a bonds is the same as a loan...the issuer of the bond is borrowing money and if someone doesn't want to loan you money is not an indication they do not want to invest in you. Instead, it is a business decision on their part.
10-13-2015 Newshound Guru Millionday [smart cards being used?] SMART CARDS ARE BEING DELIVERED AND THEY ARE WAITING FOR LOADING. MANY HAVE THEM IN HAND.
10-13-2015 Intel Guru Hub there is not insufficient investment interest, there is no intrest in worthless bonds...they need to come up with a value to their currency for people to want to invest in the richest oil country in the world. why would iraq need to sell bonds or borrow money to support their budget. the imf told them no way, stand on your...feet...
10-13-2015 Newshound Guru firefly Article quote: "Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high..." Who the heck would buy International Bonds at 1085...Not going to happen! The World Bank said in July it would provide Iraq with loans totaling $1.7 billion, while the International Monetary Fund agreed this year on an $833 million loan program. I would rather see the WB, IMF and UN GUIDING the Government than giving them money! IMO the loans are history.
10-13-2015 Newshound Guru mike Article: "Saleh supports the non-issuance of international bonds" Saleh was all for the bonds until he found out what the rate was going to be, since then, not so much. Who can blame them? Here's hoping they're in a corner and realize they need to get their economy opened up and the dinar with some value.
10-12-2015 Newshound Guru Millionday [...is there something else they need to get done?] IN GOVERNMENT TERMS THEY ARE GETTING THINGS DONE IN LIGHTENING SPEED. IMO -- THEY NEED TO ENACT LAWS AND ACTIVATE ALL REFORMS AS ONE. [ Does that affect RV?] IT IMPACTS THE ENTIRE PREPARATION FOR THE NEW IRAQ IMO --- THE FEDERAL COURT BEING SO CLOSE TO DONE IS HUGE IN THE DEMOCRATIC POSITION IRAQ HAS TAKEN AND ALSO THE NATIONAL RECONCILIATION.
10-12-2015 Newshound Guru mike Article: "Central Bank extends the sale of bonds for the benefit of the Ministry of Finance one month" Isn't this the second or third time they've extended this "offer" to the Iraqi people? It don't look to me like there's very much interest in the domestic bonds either.
10-12-2015 Intel/Newshound Guru Mnt Goat I believe when we see the accountability and justice law we will see these corrupt government officials be prosecuted at all levels and at warp speed. These trials should not take long since in most cases the evidence is overwhelming. I also believe this will lead to less disruption in getting the remainder of the needed reforms completed and thus a window for an RV. It is all going to come to a beautiful conclusion all of a sudden and shortly. [post 2 of 2]
10-12-2015 Intel/Newshound Guru Mnt Goat I will say I believe we may be heading for another good opportunity for a window to RV coming up in the later part of October/early November if all goes well accordingly...IF, and only IF Iraq can accomplish their goals they will be inline to RV. We simply had to wait for the events to unfold that are required to bring the political stability, physical security and the economic stability needed for this RV event to occur. The pressure is on the Abadi government to set a timeframe and not let this go on forever, which seems to be the case sometimes. [post 1 of 2....stay tuned]
10-12-2015 Intel Guru Jester I WAS LIKING TO TELL YOU THAT SOMETHING IS HAPPENING ON THE GROUND IN IRAQ... SOME ANNOUNCEMENTS IN THE MOSQUES AND THE TV AND STUFF REGARDING IMPENDING REFORMS... IT IS NOT GOING TO BE WHAT YOU ARE LOOKING...IT IS STILL ALL ABOUT THE BIG PICTURE FOLKS... KEEP WATCHING AND STAY TUNED... IT IS ABOUT TO GET BETTER.
10-12-2015 Newshound Guru firefly NOBODY GOT PAID EARLY! Where do banks get their rate from? Unless their is an EXCHANGE RATE THAT IS LIVE, no banks have rates...period....end of story. The rate will have to travel through several time zones before it goes live.
10-12-2015 Newshound Guru Kaperoni Article quote: "Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high." The real truth is nobody wanted them.
10-12-2015 Newshound Guru mike [new Guru] Article quote: "...Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high." This is no surprise, the 11+% rate for the sovereign bonds is astronomical, it's 3% higher than Greece's. So, the WB told them no to a loan, the domestic bonds were slow and now they're cancelling the sovereign bond project, where is Iraq going to get the needed capital to avoid further erosion of the CBI's reserves? I hope they have a plan, otherwise it's going to be a slow painful decline for the economy, dinar and Iraq.
10-12-2015 Newshound Guru Kaperoni Article: “US Treasury commends the financial administration in Iraq” Why would the treasury be talking to Iraq about Iraq's relations with international institutions and the global financial markets unless they were planning to engage with them? Good to see Iraq meeting transparency standards also. We all know it will happen. Just when is the question.
10-12-2015 Newshound Guru Millionday Article quote “…the implementation of the reform professionalism and rigor and seriousness to achieve real and meaningful results measures reflected immediately on the economy and the citizen and the future of the country…” THE PROCESS OF ECONOMIC REFORM IS VERY IMPORTANT WITH EVERY STEP FOR SUCCESS. THE STEPS OF REFORM WILL IMPACT THE CITIZENS AND COUNTRY RIGHT AWAY -- THERE IS NO ROOM FOR HOLD UPS OF ANY PART OF THE PROCESS. THEY ARE ALL PREPARED AND THE COUNTRY IS IN WAITING MODE FOR THE REFORMS AND ALL THE ECONOMIC REFORMS WILL BRING... THE REFORMS BEING ACTIVATED WILL CHANGE THE ENTIRE HISTORY OF IRAQ -- THEY WANT ALL OF THESE CHANGES IN HISTORY TO BE GOOD ONES.
10-11-2015 Newshound Guru firefly Quote: "Finance Committee hosted a meeting on Sunday 4/10/2015...to discuss and exchange views on the 2016 budget...and the implementation of the 2015 budget, income and expenditure and the commitment of the Ministry of Finance to raise the budget in time timings specified in the Financial Management Act." the implementation of the 2015 budget, HUGE! This is NOT just an internet article...This comes from PARLIAMENT. Remember where all the money is! Remember the financial crisis!
10-11-2015 Intel/Newshound Guru Poppy3 WATCHING THE FINANCIAL MOVEMENTS THEY HAVE ACCOMPLISHED OVER THE LAST FEW WEEKS AND EVEN MONTHS HAS SHOWN THEY ARE USING EVERY STRATEGY TO COMPLETE THEIR PROCESS FOR COMPLETE FINANCIAL REFORM. SEEMS EVERYTHING IS IN PREPARATION FOR THE NEW IRAQ. REMOVING DEBT STEP BY STEP ONLY ENHANCING OUR POSSIBILITIES.
10-11-2015 Intel/Newshound Guru Backdoc THE VALUE OF THE DONG WILL BE BALANCED VERY NICELY WITH TRADE. SINCE 80% OF THE TRADE CONTRACTS ARE AGREED TO BE SETTLED IN DOLLARS, CONTROLLING THEIR NOTE COUNT SHOULD BE EASY! WE DON'T GIVE DATES OF COURSE BUT WE ARE ECSTATIC ABOUT WHAT WILL BE REALITY IN VIETNAM! IMO.
10-11-2015 Newshound Guru tlm724 Article: "World Bank refuses to give Iraq a loan of six billion dollars" no huge bailout for Iraq...it is time Iraq stood on it's own and take responsibility for themselves! Iraq needs a loan of six billion dollars to cover his inability...this crisis and austerity program could have been avoided! if the World Bank keeps bailing them out then they will never impose taxes, privatize etc... I think it's good that they said no to the 6 billion dollars.
10-11-2015 Newshound Guru Millionday Article quote: "Imad emirate called economic academic d. Rahim Hassouni to develop (the Federal Council for Oil and Gas) for his contribution in the development of Iraqi oil policy..." HASSOUNI HAS BEEN ASKED TO FORM FEDERAL COUNCIL FOR THE HCL TO BE MONITORED ETC...THE ADDITION OF THIS FEDERAL COUNCIL IS TO PLACE OIL PRODUCTION OF IRAQ WITHIN ALL GUIDELINES -- INTERNATIONAL AND REGION... THE DUTIES ARE FOR OIL PRODUCTION AND PRODUCTS FOR THE MARKET WITHIN INTERNATIONAL COMPLIANCE. THIS INCLUDES BUDGETED REQUIREMENTS FOR THIS YEAR`S BUDGET. THE BUDGET FOR THIS YEAR (2015) HAS INTERNATIONAL OBLIGATIONS WITHIN.
10-11-2015 Newshound Guru wmawhite IMO, not one individual item/event will give us what we are waiting on...instead, there are a series of laws, financial initiatives that are setting up the foundation that will bring the new IQD to the world stage. Here is another little tidbit...look at the list of notes and coins for the IQD on the CBI website. As you look at those notes and coins you can see into the past and into the future. Those large notes tell the story since 2003 up through today. Those smaller notes and coins are an indication of what the plans are for the IQD in the future. The only way those smaller notes and coins will be useful in the market place is when the cost of goods are low enough for the consumer and merchant is use...and the only way those goods will be reduced in price is when the IQD is significantly more valuable outside the country.
10-11-2015 Intel/Newshound Guru Backdoc IRAQ IS RUNNING A 400 METER RACE, WHICH IS ONCE AROUND THE TRACK! BEFORE THEY CROSS THE FINISH LINE THEY ARE FEELING THE PAIN AND THEY WILL BE FORCED TO LEAN OVER THE LINE! THEIR OXYGEN LEVEL HAS TO BE DROPPING! GETTER DONE BOYS!
10-7-2015 Newshound/Intel Guru BGG [...Iraq will still see those loans from the IMF?] I think they will - now that they passed their AML Law [Anti Money Laundering Law]. that was one of the big hold-up's for the IMF...they didn't want their money going right into Maliki's pocket...removing him is no easy task... but appears to be on the way.
10-7-2015 Newshound Guru Backdoc THE DETERIORATING CONDITIONS ECONOMICALLY REQUIRE A GREATER PURCHASING POWER OF THE DINAR AS WELL AS A DIVERSIFYING OF ITS ECONOMY! NO WONDER THEY ARE GOING TO RAISE THE ZEROS DUE TO THE ECONOMIC CONDITIONS! WE ALL KNOW HERE THAT SECURITY HAS RETURNED MAKING THIS POSSIBLE! WITH LAWS AWAITING A VOTE TO ENACT, TIMING IS NOW COORDINATED WITH THE NEW GLOBAL REALITY! ...THIS IS A GLOBAL EVENT! WHY? BECAUSE LIKE I SAID,"BECAUSE IT'S ALL ABOUT IRAQ ITS NOT ABOUT IRAQ"! BE ENCOURAGED MY FRIENDS, THE GLOBAL REALITY SHOWS ALL THE SIGNS OF MATURITY, YOU WON'T BE WAITING LONG! IMO.
10-7-2015 Intel Guru TD Couple key comments from my Kurdish friend (treat all as rumor & opinion and please due your Ian sound diligence). According to my amigo Abadi now too is under tremendous internal and U.S. Pressure to show immediate progress or get out. The Iraqis are closely aligned with Iran and the West coalition is increasing nervous of that relationship. Although parliament is showing up for work passing many needed reform bills most importantly related to development into a private sector, market driven, non oil dependent economy, there is no actual results of it happening yet. It's very clear that monetary programs are shelved until Iraq can show it is one country, stable and secure with a diversified economy to show the world that a platform of strength and stability is achieved and maintained. There are absolutely no signs in the horizon that this can or will be achieved anytime soon.
10-7-2015 Newshound Guru Adam Montana [Looks to me at this moment in time that your thought an a 10 cent RV may be pretty accurate...if this was the starting point, will we see a fixed float or a free float.] Fixed or float - I have differing opinions on that one. BOTH are positive, because the CBI won't launch a new rate until they know they can sustain it... so if it's a float, it will only go up in value. Bonus for us! But if they have any concerns at all, then they might want to peg it (fix) for a time to prevent any movement and control the value. Again - Good for us, because we won't lose value! My final answer is a hybrid - it's very easy to see them coming out fixed, and then switching to a float once they are confident. With the way the CBI moves, we might want to assume that they would hold it fixed for years, but the other side of that coin is that when the CBI makes a big move... I believe they are going to be ready to play, and they will do things we don't expect.
10-7-2015 Intel/Newshound Guru Mnt Goat There is no timeline or target date. We simply have to wait for the events to unfold that are required to bring the POLITICAL STABILITY (getting rid of Maliki and the Iranian influence), PHYSICAL SECURITY (getting rid of ISIS and DAASH) and the ECONOMIC STABILITY (ending the corruption, returning the loss Iraq funds, and diversifying the Iraqi economy). Seems since [Abadi's] return...from the UN summit in NYC... he is taking bold steps to outwardly admonish Maliki and his goons... becoming more and more public and open. Just last week we had the CBI with Dr Shabib openly doing the same. It is all good and with the extreme pressure now from the demonstrations an religious authorities to prosecute ALL the corrupted officials it will not be long before Maliki too is on trial.
10-7-2015 Newshound Guru wmawhite Article quote: "Iraq in front of a secure investment climate after the approval of amendment of the Investment Law..." This is the GOI approving an important amendment...this law has many facets to it...it is tied into the AML [Anti Money Laundering]. Quote: "The country is heading for a secure investment climate to facilitate the work of investors and provide all potential logistical and security to them, especially after the adoption of the investment law in the near future." Iraq already has very good indications of what type of investment is waiting on the doorstep once these laws are in place. ...these articles show us that outside countries are guiding Iraq through this process and because of this, the GOI, Parliament, the ISX, etc. know what type of investment is coming. [...did they approve the Investment Law itself, or just an amendment?] Based upon the article...the GOI is very excited about the latest amendment to the Investment Laws which appears to be headed for a vote within the week.
10-7-2015 Newshound Guru Adam Montana I've been saying for a short time now - a SHORT time - that we're waiting on the HCL to come through and that is pretty much it. I say a "short time", because for a LONG time we needed more - GOI, Chapter 7, etc. We HAVE the majority of what we need for an RV. All we need now is the HCL...and until that's through, there is no RV. If we start seeing more HCL articles, it could be time to get excited.
10-7-2015 Newshound Guru Chattels I have commented on prior occasions that Maliki's immunity is not absolute. Meaning that the Iraqi constitution provides for prosecution in basically two ways. 1) acts in flagrante delicto, one a " red - haded " offense, which likely does/will not apply to Maliki for financial crimes committed by him during his administration. 2) accused of a felony and with the consent of the speaker of the Council of Representatives to lift his immunity. The speaker is, of course, Jubouri. Maliki's putative crimes are felonious. So, we are likely awaiting a case being brought by the office of the prosecutor/Judiciary if Iraq is going to prosecute Maliki. My point is that Maliki is not clothed/protected, per se, with/ by immunity.
10-7-2015 Intel/Newshound Guru Mnt Goat ...DR Sinan Shabibi must come back to manage the CBI officially before any RV can occur. The new prime minister has asked DR Shabibi to come back to the CBI and DR Shabibi gave him his answer. This took place months ago. Now we are seeing Abadi finally begin to address the CBI an clean it up. I am now hearing we might even see Dr Shabib come back this week as they are planning to make a formal announcement of his return as heading up the CBI (officially) once again. Do you think he may pick up the progress on the currency reform from where he left off in 2012? It is very possible this may occur so be ready for some surprises in the next couple weeks. We might just see the new coins and lower denominations launched very soon.
10-9-2015 Newshound/Intel Guru BGG I doubt very much there are any amendments to the Investment law sent back to CoM - they are ready to pass it (according to legit reports).
10-9-2015 Intel/Newshound Guru Mnt Goat The finance committee has come right out and told us why the project to delete the zeros had been postponed. When will they then continue it? We simply had to wait for the events to unfold that are required to bring the political stability, physical security and the economic stability needed for this RV event to occur. Why would they bring back the currency when the reason they shut it down in the first place is still evident? Iraq must get to a state of stability or there will be no RV. We may be even closer to resolving many of these issues than we are told since we do not get all the complete news from Iraq. The RV just may happen much sooner than later, but regardless what we do know for sure there is still much work to be done.
10-9-2015 Intel/Newshound Guru Poppy3 [Any thoughts on a time table for the removal of Maliki? this month...this year?] ...the courts and interpol police are building a complete case and when they are sure they have a enough goods against him without loop holes or corrupt court official they will pick him up and prosecute. ..they have to be positive...you better have all the tees crossed and eyes dotted.
10-9-2015 Newshound Guru wmawhite [Any thoughts on a time table for the removal of Maliki? this month...this year?] Personally, Maliki nor us, will not hear about his arrest or voluntary move to another country until after it has happened. You can be assured that if we had an idea of when...he would too.
10-9-2015 Intel/Newshound Guru tman23 The investment law still seems to be the key that unlocks the gates to "everything else"...I do not believe there is any other amendment to the investment law or needed to be reviewed again by the CoM...It was read 2 times and printed by the Justice for the third reading and vote... IMF, World Bank, ISSD, European Union, have all reviewed the law and Iraq began campaigning their Bonds through Bank representatives in the US and London. Nothing being reported on the Bonds that were ready for offer Oct 1st...because no investment law! The reason for delay? The excuse is OH JUST ONE MORE THING... IMO...That is BS... BUT...we may see it roll come the 13th.
10-9-2015 Newshound Guru wmawhite I continue to be excited about the continued progress that I see everyday coming from the CBI and GOI.
10-9-2015 Intel Guru Frank26 [...with all that is happening do you and your teams still think something big will happen between Oct.10-14th?] It already did...We know DRS [Dr. Shabibi] is back. And some question ...Why is FRANK26 at RED...? Because DRS is BACK and he is soon to tell You he is ALSO BACK in CONTROL of THE CBI.
10-9-2015 Newshound Guru Aggiedad77 LOOK FOR THE INVESTMENT LAW TO BE PASSED THIS MONTH (OCTOBER)...AND A NEW KIND OF SECURITY...AIMED AT A DIFFERENT GROUP...SECURITY WITHIN THE BANKS...AIMED SPECIFICALLY AT THE IRAQI CITIZEN...YES A NEW FOCAL POINT FOR THE BANKS...PROVIDING AN ENTICEMENT TO DRAW CUSTOMERS INTO THE BANKS...PROVIDING SECURITY FOR THEIR MONEY IN A NEW FORMAT...Banking security for its customers tied to expected future growth.
10-8-2015 Newshound Guru Aggiedad77 Article: "Abadi Office: withdraw bills from the parliament in order to adapt it to reforms" PM Abadi's spokesperson relates some of the reasons why bills were recently pulled back from Parliament...One is they had sort of stagnated...in fact they reeked of foul odors associated with the former government...Two is these laws from the old government no longer fit the economic situation of the country today...I'm thinking...they had much corruption embedded within them and Abadi wants all that safely sanitized...what better way than to do it himself...or through his advisers...Shows his lack of trust with some members of Parliament these days...and three these laws just don't fit the mold that is being created by Abadi's bag of reforms...bring them back to the COM, redraft and revote through COM and then present back to Parliament.
10-8-2015 Newshound Guru sczin11 ALL THESE THINGS MAY BE IN THE WORKS...THEY MAY BE READY FOR FINAL IMPLEMENTATIONS.. BUT IT IS OBVIOUS, THEY ARE WAITING FOR SOMETHING...OR MAYBE SOMEONE. LAWS NEED AND WILL BE PASSED...ARRESTS WILL BE MADE...IRAQ WILL STAND ON ITS OWN, AND EVENTUALLY BECOME THE SOVEREIGN DEMOCRATIC POWER THE WORLD KNOWS THEY WILL BE...THERE IS AN ABADI PLAN, THAT WE ARE NOT PRIVY TO...THERE MUST BE AN EVENT, A HAPPENING, A TRIGGER TO IGNITE THE PROCESS OF JUDICIARY REFORM, ECONOMIC AND MONETARY REFORM, AND THE VOTING OF ALL THE LAWS NEEDED TO LEAD THE COUNTRY TO COMPLETE THE BUILDING OF THEIR TRUE DEMOCRACY, AND BRING THEIR CITIZENS TO FULL PROSPERITY. [post 2 of 2]
10-8-2015 Newshound Guru sczin11 ...I AM VERY EBULLIENT, WHEN IT COMES TO THE INCREASE IN VALUE OF THE NEW IRAQI DINAR, IN EXCHANGE WITH THE US DOLLAR...THERE ARE TIMES TO FORM OPINIONS, AND THERE ARE TIMES TO USE COMMON SENSE AND LOGIC. REMEMBER... WE DON'T KNOW, WHAT WE DON'T KNOW! REMEMBER, IF VOTING ON IMPORTANT LAWS WAS ALL THAT WAS NEEDED, WHY WOULDNT THEY HAVE DONE IT? IF GETTING MALIKI OUT IN 48 HOURS WAS SO EASY, WHY HASNT IT BEEN DONE? IF RELEASING THE 50K NOTES WAS SO EASY AND IMPORTANT, WHY HASNT IT BEEN DONE? IF DELETING THE ZEROES WAS GOING TO SAVE THE COUNTRY, WHY HASNT IT BEEN DONE? IF NATIONAL RECONCILIATION WAS SO EASY, WHY HAVENT WE HAD THE "BIG CELEBRATION"... [post 1 of 2....stay tuned]
10-8-2015 Newshound Guru firefly [Looks like all is coming together at one time...?] Certainly appears that way. A lot going on in the background that JUST NOW making the headlines. M [Maliki] is irrelevant, I don't care what anybody says! Has been! It's all about timing! ...takes approx 6 billion dollars a month to run Iraq...give or take. The loans they just got were pocket change. Only ONE place to go...That or sink.
10-8-2015 Newshound Guru Aggiedad77 I'm excited...lightening speed...Things are being set up...PM Abadi is gaining strength every day. The evidence of things found and discovered...lies in the presence of Dr. S [Shabibi] I believe. Indeed the 24 hour period changes everything, even before it can be published. The lava flow is "red" hot...pushing for movements that bring forth positive change.
10-8-2015 Intel/Newshound Guru Backdoc NOW THIS IS WHERE THE DINAR GOLDEN CHILD WILL MAKE A DIFFERENCE! WHEN THAT TYRANT MALIKI IS ARRESTED, LAWS ARE IMPLEMENTED, AND THOSE PESKY ZEROS GET FINALLY LIFTED VERY SOON, WE WILL SEE THE GLOBAL RESET TAKE ON NEW LIFE! IMO.
10-8-2015 Newshound Guru Aggiedad77 Article: "Meeting a parliamentary presidential order to add new paragraphs to the investment law: vote soon" The Economic and Investment Committee in Parliament is putting on finishing touches to the Investment Law...they expect it to be voted upon this month...in October...so says a reliable member of that committee...this will be a big success for the Iraqi government if they can get this moved through Parliament.
10-8-2015 Newshound Guru Kaperoni Article quote: "Fund confirmed the reconstruction of areas affected by terrorism, on Tuesday, that the World Bank loan will be launched during the month..." [I hope the World Bank keeps a close eye on where the money goes... otherwise it will end up in some corrupt politicians pocket.] All money loaned by the world bank is project oriented. Meaning there are concise directives and the world bank watches the progress and documents it in "status reports." There is no loose money.
10-8-2015 Intel/Newshound Guru Mnt Goat 2) by joining the GCC this will give much more power to the government of Haider al-Abadi and the opportunity to direct reforms and that these reforms will inevitably lead to disengage with Tehran. It will be like a snow ball effect as the momentum will pick up and the ball gets bigger and bigger. This will bring a NEW Iraq to the people, allow for international trade and investment thus our RV. It is all inter-connected.
10-8-2015 Intel/Newshound Guru Mnt Goat Article quote: "Gulf sources revealed that the Gulf Cooperation Council states, led by Saudi Arabia plans to join Iraq to membership of the Cooperation Council in order to remove Iraq from Iranian influences." ...an article about Iraq getting an invitation to join the GCC. I am so happy for many reasons. You should be very happy too. Here are the reasons. 1) since getting rid of the Iranian influence is happening right in front of our noses and this must happen prior to any RV. I always knew that getting rid of Maliki and removing Iraq as the “puppet” Iranian state was not going to be easy and would take some time. But we can see it is happening now... getting rid of Maliki and his goons is going to be HUGE in this direction of movement for Iraq. [post 1 of 2....stay tuned]
10-8-2015 Newshound Guru Millionday Article quote: "Hamoudi received Romanian ambassador to Iraq, and pointed during the meeting that the country is heading for a secure investment climate to facilitate the work of investors and provide all potential logistical and security to them, especially after the adoption of the investment law in the near future ". NOTE -- IRAQ IS HEADED FOR A SECURE INVESTMENT CLIMATE...THE SECOND AMENDMENT IS DONE WITH COMMITTEE ONCE AND FOR ALL Quote: "...deepening bilateral relations with Iraq in particular, which would contribute to strengthening economic and investment reality in the country." AND THAT MY FRIENDS IS A GREAT IDEA --- ECONOMIC REALITY --- WHOOOPOWW. IMPORTANT LAWS ARE WAITING FOR ENACTMENT.
10-4-2015 Newshound Guru Millionday THERE ARE MANY LAWS THAT Are prepared for vote and once voted -- THEY OF COURSE BECOME LAW – I THINK WE ARE SEEING loose ENDS BEING TAKEN CARE OF -- SIDE MEETINGS TOOK PLACE IN NEW YORK AND ACCORDING TO SOME REPORTS – IT APPEARS THAT THERE ARE MANY THINGS PREPARED AND ACCORDING TO MASUM -- AND OTHERS THE NATIONAL RECONCILIATION IS NOT LONG AT ALL.
10-4-2015 Intel/Newshound Guru Backdoc ITS AMAZING TO SEE THE SHIFT IN TONE NOW WITH COUNTRIES ALL READY TO MAKE MONEY NOW. ANOTHER SIGN WE ARE CLOSE!! IMO
10-4-2015 Newshound Guru Chattels National Reconciliation is the term used for establishment of so-called 'national unity' in countries beset with political problems. Again I say, National Reconciliation is a process and not an event. A very complicated process in Iraq that is likely impossible to begin until DAESH is ousted from Iraq. There may be a plan developed and definition of the interests to be included in a methodology, but it is not something to legislated one day, IMO.
10-4-2015 Newshound/Intel Guru BGG I was likely mistaken about the Law of 3 presidencies...[see BGG post 10-2-2015] - the one dealing with Maliki is the Law of Advisors (I think)...I was confused about what they were talking about...not uncommon for them to "evolve terms"... and I thought that was what was going on there... they appear to be two different piece of legislation...but all of this is really not the point - Abadi just gave Maliki 48 hours to get out...that is the DEAL.
10-4-2015 Newshound Guru Millionday Article quote: "...a formal letter of Abadi Office arrived to al-Maliki, in this regard, asking him to hand over all public property, which is still occupied, to the official concerned authorities in the Government, within 48 hours..." HE WAS ORDERED 48 HOURS...THIS IS CURRENT NEWS OF AN ORDER FROM ABADI -- SO WITH TIME CHANGE I WOULD SAY TOMORROW [SUNDAY] OR NEXT MORNING IS HOW LONG HE HAS... THIS IS A FORMAL ORDER THAT WOULD RESULT IN A WARRANT IMO AND BY LAW THAT I HAVE READ.
10-4-2015 Newshound Guru Kaperoni Article quote: "Rafidain Bank expressed readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq." ...this is really the same thing as what the CBI instituted back in March. Rather than purchasing foreign exchange through the auctions, merchants use these remittances through their bank (in this case the Rafidain) to do the currency conversion and payment for imports. This method provides the most secure method and justifies the exchange of foreign currency (know your customer). The end result is a reduction of criminal activities such as money laundering and hopefully reduces the demand on the CBI's reserves.
10-4-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced its readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq." THIS IS HUGE AND IS THE BEGINNING OF A MARKET ECONOMY -- TRADE -- DOCUMENTARY REMITTANCE. THIS IS A HUGE STEP TO ACTIVATE THE ECONOMY WHICH GOES WITH THE PRIVATE SECTOR -- INVESTORS ETC. THIS IS THE ANNOUNCEMENT THEY ARE READY -- NOT PREPARING. VERY GOOD NEWS.
10-5-2015 Newshound/Intel Guru BGG ...it has been a tidal wave of news the last 48 hours... my take - Abadi very much appears to be swinging a much bigger stick after coming home from New York. I haven't figured out why (yet)... but it sure looks like he has a new base of support. by all appearances - Abadi was not in high gear (for some reason) - but looks like he is now.
10-5-2015 Intel/Newshound Guru Mnt Goat ...there will be no RV until Iraq deals with Maliki and the Iranian political influence in their affairs. So another item being taken care of getting us that much closer to the political stability needed to give us the RV. The USA and UN have told Iraq either they will deal with Maliki or Iraq must. Iraq stated they would do it their way and this way took much longer but creates much more political stability. Iraq agreed to a timeline and this timeline has expired. Either way Maliki must go and will go shortly. The weeks ahead are going to be VERY interesting. [post 2 of 2]
10-5-2015 Intel/Newshound Guru Mnt Goat Article: "PARLIAMENTARY OPEN THE DOOR TO LEGAL ACCOUNTING MALIKI BECAUSE OF CORRUPTION CHARGES: WITHOUT THE "IMMUNITY"! It has been an interesting weekend about this Iraqi dinar RV...Iraq, under pressure from the citizens and the religious authorities, is now beginning the progress of going after high government officials on corruption charges. We all knew this would begin someday and so the day is now here. This is the momentum Abadi wanted and needed to go forward fully to the end with his reforms on corruption. Get ready its coming. But do they need the Accountability and Justice law first before they begin these trials? Some say this is the next step and so I believe it too. [post 1 of 2....stay tuned]
10-5-2015 Newshound Guru sczin11 WOW...LOOK AT SOME OF THESE WORDS... WHAT HAPPENED LAST WEEK, IN NEW YORK? WERE THERE TRUE MEETINGS INVOLVING OTHER WORLD LEADERS, REGARDING MALIKI? "Baghdad -arac Press October -5: detect early, on Monday, the source, that the former Prime Minister Nuri al-Maliki sent a warning message to his successor, Haider al-Abadi..." "...and apparently that al-Abadi had received the green light from the Americans to attack the al-Maliki after his return from New York..."
10-5-2015 Newshound/Intel Guru BGG [Abadis new batch of reforms will be the curtain call for Maliki!] Could be...I agree - this will be an interesting week. I was about to say it may be one of the most exciting Dinar news weeks we've had in a long time.
10-5-2015 Newshound Guru Millionday Article quote: "...desire to advise with regard to ensuring the perfect version for legislation important laws..." IT APPEARS THEY ARE ASKING TO MOVE FORWARD WITH IMPORTANT LAW ENACTMENT...VERY INTERESTING TO SAY THE LEAST. IT SEEMS AS THOUGH THEY ARE WORKING FOR A PERFECT SHOT AT THIS PLAN.
10-5-2015 Newshound Guru tlm724 Article: "Legal Committee: Income Tax Law will be presented soon to the Council of Representatives for approval" interesting thing about this law, they want to tax income which is fine but how are the people gonna react to being taxed and then being taxed again with the tariffs? Think they may have to give them some incentive, maybe increase their purchasing power??? just sayin.
10-5-2015 Intel/Newshound Guru Poppy3 WITH ALL THE PROGRESS IN INK THAT HAS BEEN REPORTED AND REPORTS OF READINGS AND COMPLETIONS I THINK WE WILL SEE A NEW RATE BEFORE THE END OF THIS MONTH AS LONG AS THE PROGRESS CONTINUES AS THE LAST MONTH BUT I, AFTER EVALUATING OUR POSITION AND CONSIDERING ALL THE NEEDS, DON'T BELIEVE WE SEE A RATE TILL LATER IN THE MONTH OF OCTOBER INSTEAD OF THE FIRST WEEK, CLOSER TO THE LAST. THE GOI, CBI OF IRAQ HAVE NEVER COMPLETED ANYTHING ON TIME OR MEET A DEADLINE. I AM EXCITED AND VERY CONFIDENT THE RV IS WELL WITHIN REACH THIS MONTH. WATCH THEIR ACTIONS ON WHAT THEY HAVE SAID...THEIR ACTIONS WILL SHOW US THE FACTS AND WITHIN DAYS FROM TODAY WE WILL WITNESS JUST HOW SERIOUS THEY ARE. [post 2 of 2]
10-5-2015 Intel/Newshound Guru Poppy3 ...THE BANKING LAW ARE DIRECTED TO BE COMPLETED TO ALLOW SAFETY FOR SHOWING THE NEW RATE, HOWEVER WE MUST NOW LOOK AT WHERE THEY ARE AND OTHER PENDING ACTIONS THAT HAVE BEEN ANNOUNCED TO TAKE PLACE AND HAVE MISSED THE TIME THEY WERE TO BE EXECUTED. ANNOUNCEMENT HAVE BEEN MADE WHEN BONDS WOULD BE SOLD (DIDNT AND HASNT HAPPENED), THE ISX WAS TO START TRADING INTERNATIONALLY (DIDN'T AND HASN'T HAPPENED) SEVERAL OTHER THINGS HAVE BEEN PENDING FOR WEEKS AND SOME MONTHS, 9 INTERNATIONAL BANKING LAWS, HCL LAWS. SO I THINK WE ALL UNDERSTAND MANY OF THESE THING ARE TRUELY NECESSARY BUT SOME ARE MANDATORY AND SOME AREn'T TO ALLOW THE CBI TO RELEASE THE NEW RATE. [post 1 of 2....stay tuned]
10-5-2015 Newshound Guru Millionday Article quote: "the Board of the Central Bank has agreed to rehabilitate the Warka Bank according to the plan prepared for this purpose." A LONG TIME AGO WE READ ABOUT WARKA BANK AND THE PART THEY PLAY IN THE REFORM PLAN -- IT WAS EXCITING THEN BUT NOW >>> ITS ACTUALLY HAPPENING. ...CBI IS IN ACTION ON THE PLAN FOR REFORM --- THIS IS A HUGE STEP FOR THE ECONOMIC REFORM OBVIOUSLY...VERY INTERESTING TIME RIGHT NOW.
10-5-2015 Newshound Guru Kaperoni Article quote: "Central Bank decided to grant the government banks billion divided them according to the controls to improve its banking system and restore its infrastructure..." Well if the CBI is going to spend it's reserves it might as well be to improve the banking system. There goes another billion. I have always said that the banking system must be advanced and they need "freedom of movement of capital" (Article VIII compliance provides that) for investors to come and participate in the market economy. This article confirms this fact..."the advancement of the economy and other sectors depends on the development of the sector bank..."
10-6-2015 Intel Guru Frank26 The banks in Iraq said that they are ready to do wire-transfers. Before, they had to go to the CBI...but no more...they can do transfers outside of the country. Do you know what that SCREAMS??!!! This is amazing!
10-6-2015 Newshound Guru Aggiedad77 You know how fast lightening can strike ...Well that is about how fast things are changing in Iraq.
10-6-2015 Newshound/Intel Guru BGG ...my current opinion and mindset is - right now, we are in very, very good shape. Things are moving fast and in the right direction.
10-6-2015 Intel Guru Frank26 For the first time in 8 years...In Condition RED. 100%. [Could you define Code Red...?] It is a condition where we seek the proof that the MR of the IQD is at hand. Why? Because the evidence is there.
10-6-2015 Newshound Guru firefly ...the Green Zone has been opened to ALL citizens. As for Maliki, IMO, all hot air. Lost his power and the majority of his supporters are gone! Abadi is wielding the big ole stick a lot more intensely as of late!
10-6-2015 Intel Guru EXOGEN THE MOST CRITICAL REFORM IS REMOVAL OF MALIKI FROM THE PRESIDENTIAL HOME, AND IT IS STARTING TO LOOK LIKE THE CITIZENS MAY DO IT THIS WEEK. WHAT MANY...HAVE OVERLOOKED IS HOW CAN A COUNTRY COMPLETE NATIONWIDE REFORMS WITH MALIKI STILL IN THE PRESIDENTIAL PALACE...COUNTDOWN TO MALIKI OFFICIAL EXIT.
10-6-2015 Newshound Guru wmawhite Had the CBI moved forward with the Delete the Zeros Project two years ago which would have with it a substantial change in the value of the IQD, it would have been similar to pulling the pizza out of the oven without any toppings, without any sauce and under cooked dough. In other words, as early as 6 months ago, Iraq had not started putting into place the laws necessary to support the new institutions that will make the new Iraq a success. What we are seeing today is what we needed to see when Dr. Shabibi was pushing so hard to get this to the finish line. Sadly, the corruption won out...until now. Be excited, you have many reasons to be so. [post 2 of 2]
10-6-2015 Newshound Guru wmawhite When I first got into this investment I was always thinking that this investment was ready to come to fruition. Then as late as a year and a half ago, when we were told by the CBI, GOI and members of Parliament that it was not time for the “Delete The Zeros Project” I thought that they were crazy. Little did I understand that there was much more to accomplish by the CBI and the GOI. It was as if the pizza had just been put into the oven and we the investors were ready to pull it right out of the oven. Now I can see the importance of what is taking place today and how critical all of this activity is. Whether it is the restructuring of the banking system, or the Anti Money Laundering Law or the taxes and tariffs, all of these initiatives along with many more are like the toppings of a pizza. [post 1 of 2....stay tuned]
10-6-2015 Newshound Guru sczin11 ...ALL THE IMPORTANT LAWS ARE STATED AS READY FOR VOTES, AND THEY ARE ALL COMING TO VOTE ...EVEN MINUTES AFTER THE HOLIDAY THAT ENDED 8 DAYS AGO...YET THEY ARE NOW ADJOURNED UNTIL OCT 13...THEY JUST HAD 2 WEEKS OFF...WHAT EVENT ARE THEY WAITING ON? HOW MANY TIMES DO WE NEED TO SEE ANOTHER MP OR DIGNITARY OR ECONOMIST TELL US INVESTMENT LAW IS READY - NATIONAL RECONCILIATION IS STARTING... USA SAYS GO...MASSUM SAYS HES READY...JUBOURI SAYS WE ARE MOVING AHEAD..AND ABADI SAYS...COME ON INTO THE GREEN ZONE!
10-6-2015 Intel Guru Frank26 Here is the NEW 1, 2 and 3: #1 – The LAWS must be put in a public forum...THE GAZETTE to be announced to the world. Until then, the laws will be used behind closed doors. #2 – in my opinion, I’ve told you that lower denoms are being held on the east-coast of the USA. We need to see the lower denoms MOVE to the middle-east. The banks [in Iraq] have been set-up. First of all it will be an RI inside of Iraq. #3 – “Lucy, I’m home!” In other words Dr. Shabibi is back at the helm. There will be great SECURITY...no Maliki! Before the end of 2015 I believe that Dr. Shabibi needs to make a move on the IQD.
10-6-2015 Intel Guru Frank26 [via FrostyTheSnowman] I feel very, very confident about the advancement of the monetary reform... it’s amazing how fast things are occurring at the same time. Many changes happening right now...The middle-east is freeing itself of terrorism and corruption. We have a date that we believe that we will see 3 more things – it is the date when Dr. Shabibi will be back at the helm of the CBI calling the shots. The IMF gave Dr. Shabibi the GREEN LIGHT (back in April) and in that time period Dr. Shabibi wanted to do this back in July but there was not enough SECURITY to do it. On September 16th the Finance Committee (of the GOI) came out and said they had passed laws and said that the new 50’s and 100’s would be coming out. They were ready then but the timing wasn’t right. Is the timing better now? MUCH BETTER! [post 1 of 2....stay tuned]
10-6-2015 Newshound/Intel Guru BGG I am looking for some public move against Maliki anytime soon... Abadi appears to have what it takes - there is great public sentiment to support him...and too many public accusations for there not to be something to it and...once they deal directly with Maliki - it opens the door wide for monetary reform.
10-6-2015 Newshound Guru Kaperoni Article quotes: "...sources expected a change in the equation in Iraq through support of Washington and the Gulf states for a new government in Baghdad away from Iran in return for including Iraq to the GCC." "The sources said that the new Prime Minister proposed by Washington named «Imad Khersan..." There is clear motives here to reform Iraq. With or without Abadi, there seems to be a plan. Seems to be a bigger strategy to isolate Iran away from Iraq and reforms play a part in that. If Abadi cannot accomplish what has been asked of him, there may be pressure to change him to this other guy Imad Khersan. Time will tell.
10-6-2015 Intel/Newshound Guru Mnt Goat Parliament is now telling us the draft investment law will be voted on through the House of Representatives session on Tuesday 10/6. This law goes way back years ago, when Iraq had their multi-national investment seminar. Resulting from this seminar were many of these recommendations made to Iraq. They are finally going to implement them. So now this opens the door to the private sector. A better way to say it is “activating the private sector”... It is about to begin... This did not have to take place prior to an RV however we are glad to see it since it shows us the commitment of the GOI to moving forward towards creating a sound economy which could only mean they would have to RV at some point very soon after activating this law. We are still waiting for the National Guard law, Three Presidencies bill and Amnesty law to be passed in parliament. All of these laws have had second readings.
10-3-2015 Newshound Guru Kaperoni Article quote: "the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs." Looks like last Tuesday or Wednesday they met and reviewed or made changed (second amendment) of the Investment Law. And now a meeting is scheduled for tomorrow to see it its ready to go to a vote or not.
10-3-2015 Intel/Newshound Guru Mnt Goat Article quote: "The Central Bank serves development and creates an appropriate environment through monetary and economic stability, the Central Bank's reserves is to support exchange rate stability and to economic stability..." Dr Shabibi has been very quit for a very long time. So why now does he decide to speak out? I believe it is because he feels safe and less threatened by the goons of the past Maliki administration. The atmosphere is the government is slowly changing. He feels the Abadi administration is different and is making real reforms to create the political stability he needs to operate so now they can realistically address the monetary and fiscal policies needed to bring Iraq out of this economic crisis. So I have been saying all along and emphasizing that the CBI needs STABILITY prior to any RV.
10-3-2015 Newshound Guru Aggiedad77 Have been sitting here...contemplating the news...though it may not be telling us much...it still appears to be showing how things are being done in lightening speed within Iraq at the moment... First Dr. S [Shabibi]...found the fortitude to speak out against his nemesis, Maliki. Now we see PM Abadi doing much the same thing but on a more "global" scale asking for help, but at the same time ...telling the world...we aren't going to play political favorites while we fight terrorism. Abadi is saying...we've had enough of the games, it is time to get serious... They need time...time to get the LAWS working for them....time to deal with security and terrorists....time to make things safe to spring forward to their next level...the BEST is yet to come and you don't know how incredibly true that is becoming.
10-3-2015 Newshound Guru Millionday “...text of the draft of the National Guard, which was approved by the President of the Republic Act based on the provisions of subsection (I) of Article (61) and Forever (Third) of Article (73) of the Constitution. This law was initiated due to security circumstances through which Iraq is due to exposure to terrorist attack...” APPROVED BY EXECUTIVE ORDER...IT MEANS EXECUTIVE POWER WAS USED DUE TO DIRE NEED IN COUNTRY. HOWEVER -- THE CONSTITUTIONAL ARTICLES ARE NOT RIGHT BUT -- HE DOES HAVE POWER FOR THE GOOD OF THE COUNTRY --- SO WE WILL SEE WHAT ELSE COMES OUT TO VERIFY THIS REPORT. THINGS ARE MOVING FAST RIGHT NOW -- SO OBVIOUSLY IT IS VERY INTERESTING TO SAY THE LEAST.
10-3-2015 Newshound Guru Chattels The Three Presidency Law has nothing to do with Maliki's position as VP...Maliki has appealed the Abadi "decree" eliminating his position...Allawi also. And both continue to "act" as VP's according to the news reports. Maliki's immunity is not absolute anyway.
10-3-2015 Newshound Guru sczin11 If the Parliament site in Iraq is accurate regarding the reading of laws and their dates respectively, there are 2 TWO readings and a Vote! Not 3 as some try and preach! As far as the AML- it was passed by HOR mid sept - from there stops by COM for final approval on way to POR for ratification, before hitting the press - the official gazette! As of a few days ago, it was stated the need to go back to com for final approval, SO based on current ink, I would say it is NOT in the gazette...
10-3-2015 Intel/Newshound Guru Mnt Goat Progress of Reform Laws: 1) Islamic Banking Act, passed by the House of Representatives at its meeting on Thursday 10/1. 2) second reading of the Law of the Three Presidencies. I believe this law is not needed for RV but surely puts more nails in the political future of Maliki in Iraq. It does add to the political stability of Iraq. We have already seen the Parties Law passed in parliament in mid August and I feel this presidencies law goes hand in hand with it. 3)We are told that the Investment Law also is done but we still await the formal announcement (much needed for the RV). 4)We still wait for the National Guard, Amnesty and Accountability and Justice laws (high priority and critical prior to any RV)
10-3-2015 Newshound Guru Millionday Article quote: "the Second Amendment to the Iraqi investment law has been completed once and for all, after included several paragraphs..." NOTE -- HAS BEEN COMPLETED ONCE AND FOR ALL -- WHOOPOW. THIS IS FOR ALLOCATIONS AND DOMESTIC AND FOREIGN INVESTMENTS. SO NOW THEY WANT TO PASS IT AS FAST AS POSSIBLE...A THUMBS UP FROM UN AND A RUSH ON IMPLEMENTATION...
10-2-2015 Intel/Newshound Guru tman23 IMO...They are holding back the investment law for timing purposes that are tied to certain focal points... those point can be several items...I believe they are tied to what the conference agrees upon (post 2015 conference) 10/1 - 10/5 ...and an announcement by the IMF on 10/6... Have not heard a word on the bond sale...and it won't until the "investment law" is voted in... Budget goes to Parliament by 10/11...so we have 5 days - 10 days...to see 2 events roll together. Just remember...it has been said by several parties that there is no opposition to the investment law...it has been read twice and is ready for vote...they just keep delaying it after announcing they will be voting on it. IMO...IT IS THAT BIG OF A DEAL!!!
10-2-2015 Intel/Newshound Guru Mnt Goat Earlier this week it was announced that the USA...agreed to lead a coalition against ISIS in Iraq and Syria only if Iraq gave them what they wanted. This came out of the recent UN summit in NYC USA. What does the USA want in return? The USA wants the National Guard, Amnesty and Accountability and Justice laws passed in parliament and implemented. Also the soldiers need immunity (not amnesty as some say.) Abadi agreed to these conditions. So this also tells us how closely tied and interconnected these three laws are. Now the pressure is on for Iraq to make good on these terms and finally get these laws passed and implemented in parliament. So out pops an article in the news yesterday that Jubouri confirms its full support to all initiatives aimed at achieving a COMPREHENSIVE RECONCILIATION meaning passing the last remaining reform laws for this effort.
10-2-2015 Newshound/Intel Guru BGG I think very, very soon after Maliki is dealt with - things will move quickly.
10-2-2015 Intel/Newshound Guru Poppy3 ...THE DEADLINES ARE BEING MET ONE DAY AT A TIME. WHILE WE ARE NOT PRIVY TO THEIR COMPLETE LIST OF STEPS TO BE MET IT IS OBVIOUS THEY ARE NOT STAYING STATUS QUO... THEY (ALAWI) AND CREW ARE DETERMINED TO COMPLETE SATISFACTION TO THE WORLD BANK AND IMF AND HIS POWER OVER THE CBI WILL BE ENHANCED TREMENDOUSLY WITH ONE MORE DAY OF PROGRESS IF THEY GET ALL THE VOTES COMPLETED. RUMOR...IS THERE ARE STILL 9 MORE ARTICLES OF LAW THAT WILL ALL BE IN A GROUP VOTE AT ONE TIME, LETS HOPE THIS RUMOR IS TRUE AND THEY CARRY THIS VOTE OUT THIS WEEK. HOLD ON IT GETTING VERY INTERESTING AND WE ARE GETTING DIRECT POSITIVE ACTIONS.
10-2-2015 Newshound Guru Aggiedad77 Article: "Central Bank allocates billion dollars for the development of the bank sector" The CBI is offering $1 billion dollars to the government banks to work on improving their infrastructure...we have a serious need for you to look like world class banks soon...put it to good use and get your houses in order so that we can show the world we are first class operators when it comes to the banking environment...and again yet another mention of...LAWS...get them done especially those that impact the Banking Law...don't let grass grow under your feet...we have a renewed urgency...from on high this demand comes from...make it happen...NOW.
10-2-2015 Intel/Newshound Guru Mnt Goat It has been a good week but somewhat quite in comparison to the waves of news in recent past weeks. Could this be the calm before the storm? I believe it was the result of the Eid holiday and the fact that there was a delegation from Iraq in USA NYC attending the UN summit meetings all week. They are now back in country and so we should expect to see the spigot of news break soon once again. ... Iraq is not there yet. I am beginning to get excited since I do see the end to this saga coming up soon. ...today Sadar has called for a million citizens to peacefully march in the streets today Friday once again in protest for more SPEEDY reforms and to finally prosecute HIGH LEVEL OFFICIALS who were responsible. So we are seeing much support and pressure from the highest religious authorities in Iraq. When will they finally prosecute Maliki? You can see now the pressure is building from all sides.
10-2-2015 Intel Guru Frank26 [Ive been seeing numerous postings about the rate needing to come first before the laws, so...Could it be that these Laws, "Have Already been funded"?] how can the laws come before the rate. LAWS that we have begged for are ALIVE and well. They too are good soldiers attending to their post and READY for ACTION...AND LAWS do not need funding...They need WORDS. Then these WORDS activate The Funding once DRS lifts 1...2...or 3 ZEROS.
10-2-2015 Newshound Guru Kaperoni Article quote: "the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs." "did not specify until now date to vote on the investment law." Apparently they have a date to vote on it..but its not stated in the article.
10-2-2015 Newshound/Intel Guru BGG This is the whole ball game right here...supposedly they did the 2nd reading of the Law of the 3 Presidensies. As I understand it, that will take care of Maliki. So, they are within a 3rd reading and a vote and once they do Maliki has no immunity, if I understand correctly the way that is laid out. By the way, the only October 1st deadline was the Anti Money Laundering Law set forth by the World Bank and the IMF and they met that deadline early. Some say it was published in the gazette...not sure if that is true. There is no other deadline...they did what they were to do. Stop and think, they have never met a deadline before...so for what ever reason that meant something to them. Also, as soon as Abadi got back from New York he issued new orders and directives. He is walking like he is a man on a mission. That in concert with everything else going on this is very good news.
10-2-2015 Newshound Guru Aggiedad77 "The Government of the Republic of Iraq and the Government of the State of Kuwait Article 1 of the Republic of Iraq to ratify an agreement on trade cooperation between the Government of the Republic of Iraq and the Government of the State of Kuwait" Remember TRADE is a vital blood line for any country and for these two, Kuwait and Iraq, to be opening doors with each other in this fashion is speaking so very LOUDLY...more of the good life to come...they are setting up some very good measures to bring about great growth for the proper time.
10-2-2015 Newshound Guru firefly The ONLY law the WB and IMF was insisted on being done prior to Oct 1st was the...Anti Money Laundering Law...which was done AND published in the official gazette on Sept 16th. I believe that is the cornerstone to EVERYTHING else being implemented...the AML was imperative, especially for the border tariffs. Investment law not required but needed.
10-2-2015 Newshound Guru Aggiedad77 Article: "Parliament will vote on the Islamic Banking Act" Parliament voted in agreement on the Islamic Banking Act on Thursday...this has to be their version of "fast track"...this moved through Parliament really fast...IMO...there is something else behind this act...why would they want or feel the need and urgency to pass this act...it has to play well with their economic recovery efforts, with Abadi's reform efforts, and with the MR...all IMO....in that direction this must then be a very positive action on their part.
10-1-2015 Intel/Newshound Guru tman23 We know they will never give a sniff of a hint to the date of creating more value...if indeed that is their intentions, to create more value where public profits can be made... So them saying 2016 is just fine...We know from following this that they need a change in policy asap...not only are the Iraqi people restless...but the worlds emerging markets that are ready to take a big hit does not help "global stability" with more people becoming restless... IMO...The PTB cannot kick the financial can down the road another year... AND that is what 10/1 -10/5 meetings are going to be having to come to terms with...investing several trillions in global infrastructure building.
10-1-2015 Newshound Guru Aggiedad77 Article quote: "The 70th session of the United Nations General Assembly is being held under world challenges on many scales, especially, fighting the terrorism of Da'esh." Great speech by PM Abadi...he speaks of "sustainable development" in a very positive light...He seeks cooperation with all nations of the world in combating terrorism...he spoke of environmental concerns, the protection of generations into the future, elimination of poverty and discrimination. Lofty topics for someone leading a country that some say is on the brink of extinction... ...know that a blessing is coming, not only for us but for all the world who continues to stay tuned in to all that is happening...
10-1-2015 Intel/Newshound Guru tman23 I think to the "education" part to the public regarding monetary changes...Say they plan on lifting 3 zeros at the start of 2016 (Which Shabibi said in ink a few times) that the start of the year is favorable and not in the middle of a quarter or year...That being taken into consideration...IMO, they would have to start educating before the time...and as they removed the 50 note and gave 60 days to turn them in....so goes the pre education part to new currency etc...point being...If this is going to go...it can go anytime after 10/6. We are going to know soon...and not Iraq "soon".
10-1-2015 Newshound Guru Kaperoni Looks like Saleh is recommending that the CBI get off the peg and at some point into a basket of currencies. I agree that would be best for Iraq...But I also believe prior to this, the CBI must allow the dinar to rise to it's true value.
10-1-2015 Newshound/Intel Guru BGG [I hope that they hurry up and get the reading of the 3 Pres. Act done!] The fact that is within 1 reading and no one really knew - IS HUGE NEWS...they have apparently been working on it without anyone knowing. Once that is read and enforced - Maliki's goose is cooked. Officially. the Law of 3 presidencies and the AML Law [Anti-Money Laundering] are both HUGE.
10-1-2015 Newshound Guru Aggiedad77 Well the Iraqi news this morning is packed with some good stuff, and I'm expecting more to be coming our way as the day and weekend progresses. We stand on the doorstep of October and we are hoping for some really hefty kinds of effort from Parliament in these first few days of the month. May they be steady and strong in their efforts to push forward with some very key laws that can have a strong positive impact on the Iraqi economy and their reform efforts as well...rest assured they are moving at speeds we've not thought. We wait...we watch...we pray for the best...for we know...the BEST is yet to come.
10-1-2015 Newshound Guru Chattels Article quote: "Parliament Speaker Salim al-Jubouri confirmed its support for initiatives aimed to achieve a comprehensive national reconciliation in the country." Hardly sounds like it is done or a foregone conclusion ...I say, National Reconciliation is a process and NOT AN EVENT!
10-1-2015 Intel/Newshound Guru Poppy3 no doubt about the fact that none of these banking laws, international credit rating, any of the goi and cbi regulations would have been needed if the CBI AND IRAQ GOI where not going to RV the dinar. they could have chosen to just continue to use USD...none of this would be needed. MEANING TO YOU AND ME THE NEW RATE IS COMING AND WITH THE IMF STATING THEY ARE PREPARING TO LOAN BILLION TO IRAQ THEY MUST KNOW THE NEW RATE IS A FOREGONE CONCLUSION. REST ASSURED NO RATE NO LOAN FUNDS WILL BE RELEASED.
10-1-2015 Intel/Newshound Guru Mnt Goat Article quote: "...the Commission formally addressed the Presidency of the Council of Representatives to hold a special conference of national reconciliation and the introduction of those who want to contribute to the building the state and the new Iraq..." Remember this - No reconciliation thus No RV! I believe Iraq also needs the Investment law and Banking laws (already passed) and this too is holding back the RV but not needed for the “full” reconciliation. ... there are also economic reforms that the government WOULD LIKE TO PUT IN PLACE too that can ensure a smooth transition to investors and international players doing business in Iraq prior to the RV.
10-1-2015 Newshound Guru Kaperoni Article quote: "Prime Minister Haidar Al-Abbadi said, the net oil revenues in next year's budget draft 2016 "100% goes to staff salaries and retirees." ...all the revenue goes to pay state employees and that is why there is such an urgency now for a market economy to get additional sources of revenue and get citizens off the state payroll.
10-1-2015 Newshound Guru Adam Montana I think Abadi has done a great job in reshaping the GOI. Maliki is small potatoes - he's merely a gnat on Abadi's shoelace at this point, and I think Abadi is working behind the scenes on bigger items. [any news on the HCL?] Strangely quiet at the moment...I'm hoping that's the best news possible right now.
10-1-2015 Newshound Guru BGG Article Quotes: "Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report..." "According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012." Here is a very interesting article... shows a legitimate reason why - in the face of such adversity - that major banks and players are still looking to invest in Iraq... essentially - (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame... There's the reason...
9-30-2015 Newshound Guru wmawhite Let me clarify...holding out is continuing to conduct business on the USD. But if Iraq wanted to continue on the USD Iraq would not be going through all of these painful changes. Based upon what the Board of Director of the Central Bank of Iraq, they are moving forward with the steps that are needed because of a change in value of the IQD. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change. [post 2 of 2]
9-30-2015 Newshound Guru wmawhite [World bank about lend one billion to Iraq by the end of the year.] ...these pedally loans are for the day to day operational needs of Iraq. The change in status of the IQD will enable Iraq to conduct business outside of Iraq. It will enable the CBI to "leverage" its currency. Such as, instead of paying 1166 IQD for $1 of expense...leverage to 1 t0 1. the sooner the IQD changes status the sooner Iraq can start leveraging its currency and using the international community to rebuild its country. Currently, Iraq is just treading water. How long can they hold out? Forever. However, they have told the world that they want off of the USD and use the IQD. [post 1 of 2....stay tuned]
9-30-2015 Newshound/Intel Guru BGG it appears...that Shabibi is the one who had the "legit goods" on Maliki and others... Maliki is trying to counter these reports of his outright theft with "counter-allegations" of huge bonuses and other perks. IMHO Maliki still has considerable power - it is still a very corrupt structure. However...they are making all these corruption issues with Maliki public now - because, of course, they intend to move against him soon... he's still working to stay (on numerous fronts)...if they meant to keep him - why go public...short answer - they don't...Maliki is throwing every vile accusation he can at the National Guard Law... it and the AML Law are the end of him...they have chiseled, and chiseled and chiseled... and he's not as powerful as he once was. [Has parliament finally voted to dismiss the VPs?] not officially - (yet).
9-30-2015 Intel Guru Delta Maliki has been a “hot” issue in Iraq for a long time...but not lately. He used to give people money under the table. Abadi has eliminated those people. Maliki is out of power...and now he doesn’t have any money...so he is losing a lot of ground. Nobody listens to Maliki anymore. He has no support. He’ll get phased out just like the 3 zeros.
9-30-2015 Newshound Guru Aggiedad77 Article: "Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month" In the presence of a man who knows how big business should be run....I'm speaking of PM Abadi and how he attempts to run things on a tight schedule...the 2016 budget looks to be in the hands of Parliament maybe by the 10th of October...we shall see and certainly be surprised if it is...a budget of 113 trillion dinars on a deficit of 29 trillion dinars...how do they ever make ends meet.
9-30-2015 Newshound Guru Adam Montana News right now on the HCL is scarce, but I actually like it that way. If we are to see a major change in the value of the currency, and it rests on a successful HCL, then we should not hope to see a lot of "news" or "tips" on it's progress. The HCL, and then the RV, is something that will happen BOOM! or..."SUDDENLY".
9-30-2015 Intel/Newshound Guru Mnt Goat They have to make some kind of “reconciliation” or they will NEVER join the international community. Pressure is just too great from the USA and GB not to conclude this sooner than later. This they want and need so desperately. They also have until early 2016 to get their act together to get fully out of chapter 7 sanctions. This deadline is fast approaching. This was a deadline imposed by the UN of 10 year sanction release period. Now it’s time for Iraq to turn the page and to experience the full blessings and abundance that can come from the proper use of all their resources once applied to the global markets. It is my opinion the time is now. The clock is ticking. [post 2 of 2]
9-30-2015 Intel/Newshound Guru Mnt Goat I suggested many months ago...the USA will not give full military support to Iraq until they get what they want. So what did the USA want? ...the USA is going to get certain needed reform laws from Iraq, an in return Iraq will then get the military backing and full support of USA led coalition to fight ISIS. Iraq can then move on to getting the “full” reconciliation it needs going forward. So we might have to wait a little bit longer to see how this all plays out but I believe we are getting closer than ever to the RV. I am talking maybe weeks at tops not months. [post 1 of 2....stay tuned]
9-30-2015 Newshound Guru Adam Montana [I have heard that Iraqi Citizens are able to use Mastercard and Visa outside Iraq, with an RV amount for those transactions. I would think that would mean there was an RV amount inside Iraq. Can you verify this?] I am in constant contact with folks there - if there was in in-country RV of ANY kind, I would know and I would definitely share that information... I do not believe an "in-country RV" is something we need to worry about. I give that scenario less than 1% chance.
9-30-2015 Newshound Guru Admin Bob From time to time rumors come up of another CBI website which usually they turn out to be fake or some old site. But today, a website came to my attention that sat idle for years and only this month was updated with a format that appears to be indicating that the CBI is planning international commerce. It is very promising to see this site. [ click here to view site cbiraq.org]
9-30-2015 Newshound Guru Millionday THE NATIONAL RECONCILIATION CONFERENCE IS STILL IN THE MAKING AND NOT BEING HELD UP. [Is there a time-line for the Reconciliation Conf.?] NOT AN EXACT DAY YET. IM SEARCHING FOR GOVERNMENT NEWS. I JUST DONT SEE THE LAWS WE THOUGHT WE WOULD SEE TODAY [TUESDAY]. [are we waiting for these laws to be voted on...?] NO -- I DO NOT THINK WE ARE WAITING FOR THESE LAWS TO SEE ECONOMIC REFORM TO BE DONE... I THINK THAT THE NATIONAL RECONCILIATION CONFERENCE IS EXPECTING THEM TO BE DONE. THEY ARE TRYING TO REFORM THE COUNTRY ALL AT ONCE -- THEY HAVE WORKED HARD ON THESE LAWS AND THEY ARE ALL IMPORTANT. THERE ARE MANY LAWS THAT ARE RELIANT ON THE OTHERS.
9-30-2015 Intel Guru Frank26 The 2016 budget wants to come out by Oct 10th...no later than Oct. 14th. Abadi is trying to change things. He is cutting the power positions and in terrorism. The GOI is passing laws like crazy but we haven’t seen the National Guard Law yet. We need the National Guard Law...it will be extremely important. Many laws (well over 100) are coming. It may take all week before we find out about all of them. The Gazette is getting ready to print a lot of laws right now. Amazing...so many things happening so fast at the end of 2015.
9-30-2015 Newshound Guru Millionday Article: "Rafidain Bank deliberately to rehabilitate its branches at home and abroad, and the introduction of modern technologies in the banking business in line with the reforms announced by the government package." SO THE RAFIDAIN BANKS HAVE MET ALL LAWS AND REGULATIONS FOR EACH COUNTRY THEY ARE IN -- THEY MEET INTERNATIONAL COMPLIANCE AND MEET REFORMS AS ORDERED.
9-29-2015 Intel Guru Delta I believe that we will see the monetary reform before the end of this year. My team...99.99% something will happen before the end of the year. I was told that they really have to get moving very fast. They are standing behind the target date before the end of the year.
9-29-2015 Newshound Guru sczin11 Article quote: "Parliament calls on the Council of Ministers to approve the money laundering law to prosecute the accused..." ML LAW [Money Laundering] BACK TO COM... WHEELS ON BUS GO ROUND N ROUND. NOW WE KNOW WHY THIS LAW WAS NOT PART OF THOSE WRITTEN INTO GAZETTE A WEEK AGO...OR RATIFIED BY POR.
9-29-2015 Intel Guru EXOGEN MANY INTEL CALLS COMING IN TODAY RANGING FROM ABSOLUTELY INSANE TO 100% LOGICAL. TODAY WE HAVE HEARD SOME VERY EXCITING UNSUBSTANTIATED RUMORS RANGING FROM VERY INTERESTING, TO EVEN EXTREMELY CREDIBLE SOURCES. AS WE STATED APRIL 30, 2015 ACTIVITY SHOULD POTENTIALLY PICK UP IN OCTOBER, AND WE ARE NOW APPROACHING THAT WINDOW. THE GLOBAL FINANCIAL ARCHITECTURE AND CLIMATE HAS DEFINITELY CHANGED WITHIN THE LAST COUPLE OF DAYS...SOMETHING IS DEFINITELY HAPPENING IN THE FINANCIAL WORLD ON AN ELEPHANTINE & COLOSSAL SCALE TO FIX GLOBAL ECONOMIES.
9-29-2015 Newshound Guru Aggiedad77 ...our great Dr. S [Shabibi]...is finally speaking out on his own...and speaking quite loudly to the fact concerning Maliki's corruption and theft from within the CBI...Right out from under the noses of the Iraqi people...he stole to line his own pockets and to build mansions and the like for his golden days...well the time is coming that his golden days will be spent in an 8 x 10 "castle" of a room... ...why is he now speaking out...SECURITY... of course....he feels like things are coming into place as he wants and he feels much safer to point the finger towards the party who is most guilty...Maliki...watch for more on this in the coming days...Maliki's days are short...shorter than 91 days I would predict.
9-29-2015 Intel Guru Frank26 According to Teams Dr. S [Shabibi] is impressed. The banks are happy. Technology improves. Iraq is building a lot of banks inside and outside of Iraq right now. A lot of these banks will be loaded up with a lot of money which will need LAWS in order to loan that money to the citizens. Dr. Shabibi’s banks are back! And in my opinion, they are soon to be in his control and will pop-up like mushrooms in the morning hours. The baby-banks of Dr. S are important because they will launch the economic reform and the private sector. The bonds didn’t work at 1166. The experiment failed – which will force Iraq to finish the monetary reform.
9-29-2015 Intel/Newshound Guru tman23 The violence in the big cities will require security first before any monetary reform or investment takes place...Six people killed and eight wounded since Monday...in the countrys third largest city...SO NO RV UNTIL THESE EVENTS ARE UNDER CONTROL AND THAT WILL TAKE THE NATIONAL GUARD LAW BEING PASSED.
9-29-2015 Newshound Guru Millionday Article quote: Ritesh S. Ramakrishnan, Transworld Group’s director of strategy and business planning, said: “Iraq stands at such an important moment of time – historically and commercially – and we are keen to play a part in this phase of growth." AN IMPORTANT MOMENT IN TIME AND WE ARE INVESTED IN THIS MOMENT IN TIME. Quote: "...we will enable Basra to continue its accelerated march to becoming a key strategic trading center in the Middle East, bridging East and West.” AND...WE ARE INVESTED IN THIS KEY -- WHOOPOW!
9-29-2015 Intel Guru Delta The holiday is over now. October 1st is the grand opening of the Islamic Bank. Today this announced that the banks have all of the new high-tech technology. They need to increase the value of the IQD and the banks know it. I believe that we are very close due to what the World Bank’s involvement has been with the state-controlled banks in Iraq. Parliament should meet tomorrow. The Investment Laws has nothing to do with the monetary reform...but over the next two weeks...we have a lot to watch for. Remember, the Qi-Card...the MasterCard...the ATM...all of this leads up to changing the value. Something really, really has to happen before the end of the year but it could happen at any time.
9-29-2015 Intel Guru Frank26 #1 (SECURITY) is doing very well. It’s not just for Iraq but in all the middle-east and in fact for the whole world. In my opinion, the currency of Iraq is the economic foundation to many middle-eastern countries. You see, a reinstatement will occur in-country. The international world wants the RV...Iraq wants the RI and so what is going on right now is inside of Iraq and outside with the middle-eastern countries is literally is the RI. This is the backbone to the RV of the IQD. International! And it’s not just being done for Iraq. It’s being done for the middle-east and in turn for the world...(and you).
9-29-2015 Newshound Guru FrostyTheSnowman Article quote: "Former Iraqi Central Bank Governor Sinan al-Shabibi, said the former prime minister Nuri al-Maliki receive more money than all the rulers of the Republic of Iraq "together" of the leader Abdul Karim Kassem to Saddam Hussein." Lovin' the articles this morning...! The evidence is beginning to show forth and it appears that Dr. Shabibi is NOT afraid to talk ... (and that spells spells "SECURITY" in my book).
9-29-2015 Intel/Newshound Guru Backdoc WILL IRAQ BE READY IN OCTOBER TO GET THE BALL ROLLING? WE CERTAINLY ARE ENCOURAGED. WITHOUT THE MONEY HONEY THERE WON’T BE A TICKET TO RIDE! LETS SEE A RATE, THEN WE KNOW SHE’S GOT A TICKET TO RIDE AND SHE DON’T CARE!
9-29-21015 Newshound Guru Millionday Article quote: "The Iraqi Private Banks League announced that the Central Bank of Iraq launched an additional IQD0.5 trillion to the financing budget for small and medium enterprises. This step will contribute towards the activation of the private sector and will enhance job opportunities" THIS IS A NEW INITIATIVE ON THE OCCASION OF WORLD PEACE DAY ALLOCATED FOR THE IMPLEMENTATION OF THE PRIVATE SECTOR. THIS IS ALSO THE OBVIOUS ACTIVATION OF THE NATIONAL LOAN SERVICES OF THE PRIVATE BANKS AS THEY ADD JOBS AND ACTIVATE PROJECTS AND CONTRACTS. ...PROGRESS IN A HUGE WAY.
9-29-2015 Newshound Guru Kaperoni "The meeting's agenda number (24) Tuesday 29 September 2015" Well, no investment law.
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9-28-2015 Newshound Guru Aggiedad77 Article: "Rafidain Bank qualifies its branches and enters the modern banking technologies work" Why would they be so willing to expand in the face of such financial strife at home in Iraq...maybe things are turning around...turning in a positive direction that will warrant their presence in more places around the world...why you ask?...because the Iraqi dinar could be poised to be seen as a currency to be reckoned with on a world scale...IMO...just maybe.
9-28-2015 Newshound Guru Millionday Article quote: "...parliamentary Finance Committee, confirmed Saturday, the absence of concerns over the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar would achieve the necessary stability of the exchange rate for a long time." I HAVE SEEN ANNOUNCEMENTS FROM CBI THAT THEY HAVE NO WORRIES ABOUT SECURING THE VALUE OF THE DINAR --- RESERVES ARE MORE THAN ENOUGH.
9-28-2015 Intel/Newshound Guru Mnt Goat I think perhaps we are about to see this “package” of laws of the remaining reforms get passed. The National Guard law is a biggie and is ready for parliament now. I also believe these laws and the progress in the fight against ISIS is the key to the RV. THEY MUST COMPLETE THE AGREED TO REFORMS BEFORE ANY RV! Out of these reforms there was one that stood out more than the others. This is the most critical reform before any currency is going to be given back to Iraq (currency RV). It is the National Guard and it is all about security.
9-28-2015 Intel Guru EXOGEN READ THIS VERY CLOSELY: "Twilight News / Rafidain Bank announced on Monday for the rehabilitation of its branches at home and abroad introduction of modern technologies and advanced in the banking business in line with the reforms announced by the government package." reforms announced.
9-28-2015 Newshound Guru Kaperoni Article: "The beginning of next month...the opening of the first Islamic bank in the Iraq government" Good to see the activation of advanced banking activities.
9-28-2015 Intel/Newshound Guru Poppy3 I HEAR VOTING TOMORROW ON THE ENTIRE BASKET OF LAWS. BANKS ANNOUNCED THEY HAVE INTERNATIONAL ELECTRONIC BANKING READY. WE ALL WAIT FOR THE NEW RATE.
9-28-2015 Intel Guru Frank26 [Looks like the banks are joining us in the Long Line.] Actually it is these Iraqi Banks...there are now a few of them...That are opening up and will cause Iraq's MR [Monetary Reform] to...Open Up Too. ...It will start to dismantle the LL [Long Line]. IMO...the rest of 2015 is to set up the banks in Iraq for DRS's [Dr. Shabibi's] MR in conjunction with the New Laws...the GOI did yesterday for today. They are busy preparing and passing LAWS.
9-28-2015 Newshound Guru Aggiedad77 Definitely some interesting news this morning...are we seeing an approach to the "day of reckoning" for the IQD...perhaps on a worldly scale...the Iraqi Official Gazette getting geared up for some good things...all those LAWS that have been talked about recently...Islamic Banks are coming...again more innuendos about security I think...watch for things to really start improving...IMO.
9-28-2015 Newshound Guru Millionday ABADI IS ATTENDING THE MEETINGS WITH THE UN IN NEW YORK WHICH WILL ADDRESS ALL THE CHALLENGES THAT HAVE CRIPPLED IRAQ IN MANY WAYS. ...THEY CAN VOTE THROUGH LAWS WITH HIM OUT OF THE COUNTRY... BECAUSE THEY ARE A DEMOCRATIC GOVERNMENT AND THE LAWS BEING VOTED ON ARE IN PARLIAMENT --- THE MINISTERS HAVE ALREADY (QUITE A TIME AGO) HAD THESE LAWS ON THE TABLE -- WHAT IS LEFT IS PARLIAMENT VOTE AND PRINT.
9-28-2015 Newshound Guru firefly I'm in [Guru] BGG's corner on this one. As soon as corruption is under control...THE SKY IS THE LIMIT! Which is why the AML [Anti Money Laundering Law] is SOOOOOOOO huge. It is the cornerstone of all the other laws needed for the international community.
9-28-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time." THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE LAW SET AMOUNT...THIS IS HUGE NEWS...THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN. CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST. THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET -- THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND.
9-28-2015 Intel Guru TD Just a few comments from my Kurdish friend (please treat all as rumor and please due your own sound diligence.) The Iraqis and the Kurds are very proud people and some of the articles of challenges they are all facing pale in comparison to the true conditions on the ground. Things are really tough to put it mildly. Abadi is losing support and a sense of "hopelessness" is weighing in on most ordinary citizens. There is talks going on again with the IMF for further help but this time it seems Iraq will not get any. The lack of reforms toward the growth of a public sector economy is reason número uno. Here in the short term it is more likely of a depreciation of the currency rather than an appreciation. Unanimous consensus my amigo says is that any appreciation is a long, long way off, at this point nothing should be anticipated in 2015 & 2016 as wel