3-23-2013: Iraqi Dinar Guru guesses!!!
3-23-2013 Intel Guru Frank26 Article: “IMF mission concludes Article 4 discussion with Iraq” Article 4 is the key to their shackles, Chapter 7. In the last 10 days the IMF met with the GOI and the CBI. They accepted everything presented to them to have approval to raise the value of their currency. This was the key to their shackles, it’s called Article 4. The IMF needed 85% of it’s members to raise their hands and say they allow Iraq to increase their exchange rate and the got it. They now exit from, from the IMF, Article 14, accepted through Article 4, to enter International status of Article 8.
3-23-2013 Intel Guru Frank26 They got the green light to lift the value of their currency. It’s done. Article 4 is the permission to raise the value of their currency and they are about to do that next week through their budget and the following week Kuwait is coming to say “congratulations” here is the key to Chapter 7.
3-23-2013 Intel Guru Frank26 We have been looking today for an extension of the Standby Agreement. There isn’t any. They have entered the one way street to revalue their currency. They’ve got the green light. This is huge. Now, it’s up to Iraq to follow through within 30 days, 30 days or less. If not in 30 days, it kicks in anyway. It’s a one way street. Iraq has the green light to allow them to release the rate & we believe that it will be done in the budget sometime next week, possibly even this coming Sunday.
3-23-2013 Newshound Guru Bondlady & Shredd inflation has been kept in check also due to the monetary policy, inflation was contained at 6 percent, and we project it to decline slightly next year. I also wanted to conclude this last part of the paragraph “CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion”. so the CBI has 70 billion in reserves and 18 billion in the dfi fund 88 billion, huge reserves for sure…yes, that’s not a LOP country with those kind of reserves.
3-23-2013 Newshound Guru Bondlady & Shredd a very encouraging summary by the IMF follows: “Iraq managed to maintain macroeconomic stability over the past two years and “rising non-oil activity” We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013.” perfect confirmation of Iraq’s strength….from the IMF!
3-23-2013 Newshound Gurus Bondlady & Shredd Press Release: “An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion.” this document comes straight from the IMF and its discussing article 4 of the IMF. it was nice to see from the IMF that “Following the recent expiration of the Stand-By Arrangement …” we felt like it had expired but there wasn’t anything in print before now.
3-22-2013 Newshound/Intel Guru BGG Article & Article quote: “Economic parliamentary: Launch the budget early next week” “BAGHDAD / Baghdadiya News / .. Announced the parliamentary economic committee, Thursday, that next weekend will be the date for the launch of the financial budget for this year, noting that the delay was for technical reasons” Kind of odd they are talking about “technical reasons” delaying the budget?? Kind of like the “technical reasons” for delaying the “raising of the 3 zero’s project”?? AKA – Maliki??
3-22-2013 Newshound Guru L. J. Speech quote: “Confirmed Shiite cleric in Iraq, Ayatollah Ali al-Sistani Tuesday, that there are no real differences between Sunnis and Shiites, adding we are servants for all Iraqis.” THIS IS LIKELY THE MOST POSITIVE MESSAGE I HAVE HEARD YET. SISTANI IS SPEAKING WITH AN INCLUSIVE PERSPECTIVE. YOU ARE US AND WE ARE YOU. WHAT MUST TAKE PLACE IS THE PEOPLE NEED TO CHANGE THEIR PERSPECTIVE BY SEEING IRAQ AS ONE COUNTRY THAT ONLY HAS RELIGIOUS DIFFERENCES… THIS IS VERY ENCOURAGING AND THE KIND OF SPEECH THE COUNTRY TRULY NEEDS!!!!!!
3-22-2013 Intel Guru SteveI This country is moving on and very quickly. I really do expect this before Easter. I feel so good about this, more so than any other time. Finally on track. From what our sources are saying and we have the best in the world, if this goes past April 15th, I personally do not see it happening this year. However, with the new rate in the budget and it will be revealed very soon …Our sources just have too much confidence in the direction this is going. There is no doubt in my mind (at this time) where this is going and when. Me personally I feel before Easter.
3-22-2013 Intel/Newshound Guru Poppy3 I…HAVE STATED THE SAME POSSIBLE RATE MANY TIMES THAT RANDY IS STANDING ON THE RATE WILL BE IN THE RANGE OF $3.41 AND IF THAT DON’T GET YOU EXCITED SOMETHING IS WRONG WITH YOU. POPPY3
3-22-2013 Intel Guru Redwolf It is coming. Look closely at the IMF announcement yesterday, world currencies, Jack Lew and his trip, world power shifts, president announcing we have no debt problem, the lack of concern from congress over our debt, countries backing currencies with gold and you have a pretty good picture something. This is a day by day thing right now so watch world events very closely.
3-22-2013 Newshound Guru Kaperoni Press Release: “IMF Mission Concludes Article IV Discussions with Iraq” I said this the other day…that if the IMF was not happy with where the banking system was, we would not see the DFI release, talk of UN Chapter 7, the SFA with the USA. etc. They simply would put it off for another year. Seeing all this come forward when we do..tells me that they want to get Iraq international this year.
3-22-2013 Intel Guru BOBGETZ6 I would bet you a ton, if I had it that the cash outs you have been hearing, are not true. Well, from my side of the fence and speaking with some stellar contacts, that would not happen. It should be a all for one event at the same time.
3-22-2013 Intel Guru OCrush ANOTHER KEY FACT FROM THE ABOVE ARTICLE STATES THE BALANCE SHEET OF THE 2 STATE OWNED BANKS ARE CLEANED UP (BALANCED…START FRESH). IN CONCLUSION THE IMF HAS GIVEN THE STAMP OF APPROVAL TO IRAQ FOR CHANGE. THEY CANNOT CONTINUE UNDER THE SAME MONETARY MODEL TO MOVE AHEAD. THIS IS WHY THEY HAD A 10 MEETING WITH ALL SIGNIFICANT PARTIES. TO GET ALL THE DUCKS IN ORDER AND GET THE PRIVATE SECTOR TO THRIVE. THEY CANNOT DO THIS IN THE CURRENT MODEL:))
3-22-2013 Intel Guru OCrush Article: “IMF Mission Concludes Article IV Discussions with Iraq” We truly are at the end of this ride! Everyday I checked the IMF site for an Article 4 update (started after the IMF’s SBA ended..Feb 23, 2013) I cannot tell you how excited I was when I saw this today!! It is dated March 21, 2013. CHANGES ARE COMING!!! ANOTHER IMPORTANT FACT IS MR. Carlo Sdralevich FROM THE IMF MET WITH ALL THE SIGNIFICANT PARTIES. THIS TOOK PLACE IN JORDAN ON MARCH 2 – 12 …10 DAYS OF MEETINGS….THIS IS HUGE. THERE IS ONLY ONE THING THAT COMES TO MY MIND, MONETARY POLICY CHANGES.
3-22-2013 Newshound Guru Shredd The wonderful buck, the currency that has kept them going is about to leave the building like elvis so, the logical solution is to get the dinar to take its place because this problem can’t continue. An economy is the fuel for a country. Some will say iraq can just flood more USD but it is weak and we’ve see past articles about the concern in the dollar, that’s easy to see. so, this is pushing our agenda folks and what perfect timing, a time where stimulus via the HCL is about to come to fruition, a time where investment at all levels, even lending to businesses is taking place more than ever…so, be excited because this issue is escalating and everyone knows the solution, the Dinar.
3-22-2013 Newshound Guru Shredd we know the auctions have been going on for some time and for those who don’t get their purpose…liquidity to the people, those who use it. A process which has kept their economy running but now the banks are motivated to hold onto it thus causing a restriction in the availability of the dollar. We’ve seen a few articles in the recent past that told us that supply is drying up but …why… a currency vacuum. so, the issue has grown to this level and it’s all PERFECT for us.