8-19-2016 Newshound Guru Bondlady Article: "Iraqi legislature overlooked the seriousness of Article 140 of the Constitution" barzani is forcing article 140 to be settled...this will eventually (in the near future) divide Iraq. back in the day and now as well, I always believed that for us to see our rv or return of our investment, we needed to see art 140, hcl, power to the provinces, making there own contracts and money without bagdad interfering...ch 7, the terrorist law, (amnesty law) etc..most of these things are now being done laws are being passed to insure these things...getting rid of dash is the beginning of art 140 being resolved cause barzani is forcing the issue with the backing of the pershmerga army...they are leaving kurd army in place to protect it so dash or bagdad wont have to...plus I don't think there gonna give up the land, they believe saddam stole from them. its getting a lot worse before it gets better, and is happening very quickly, were about to see all the things weve waited for all these years to come about...all imo.
8-19-2016 Intel Guru Frank26 the Financial Committee met two days ago with the CBI...It is important...that you understand that this meeting...IOO was...the very first time...the Finance Committee actually met with the CBI...and they talked about the IQD...their currency...their currency’s true rate...and about the exchange rate about their currency... Abadi said the new budget is going to reflect the lifting of the 000’s from our exchange rate. ...so...are you guys done? ...CBI...we’ve been ready for a long time...we’ve been waiting for security...we’ve been waiting for terrorism to go away...we’ve been waiting for corruption to go away within us and the GOI...I think we are ready...Dr. Shabibi said that the next budget will reflect the new numbers of these meetings....I don’t know what the rate will be...I don’t even know when they are going to do this...but I do know that these are the things they are saying to us. [post 3 of 3]
8-19-2016 Intel Guru Frank26 Abadi has removed many corrupt ministers... with the help of these agencies...and in fact just recently he replaced five of them and there are more to come...some of them are called technocrats...wiser... smarter people...more honest people that actually want to do something for...Iraq. Allak has been holding the proxy position as the governor of the Central Bank of Iraq...and...Abadi and Dr. Shabibi IMO...were busy selecting the governor of the CBI...besides the ministers...the proxy governor of the CBI is about to be replaced...IMO Allak’s replacement is already on the plane. [post 2 of 3....stay tuned]
8-19-2016 Intel Guru Frank26 Mosul is what we look at right now...through the eyes of the United Nations, the WTO, and the United States of America...The IMF suggested to the country of Iraq that you should float your currency...and that you should enter the international world in the first half of the year and we will take you there in 2016...and that you should remove corruption from the CBI and the GOI…and the UN and the coalition forces will help you remove the corruption of ISIS and DAASH in your country. As we sit on top of a very big mountain right now and look down upon the scenery below us...we see these things accomplished...and as we get closer and closer we are seeing that many things are accomplished. [post 1 of 3....stay tuned]
8-19-2016 Intel Guru Jester ...THERE IS NO RESET SWITCH... I HAVE ALWAYS SAID...THAT THIS IS A PROCESS... A PLANNED EVENT OVER TIME THAT THEY WILL ATTEMPT TO DO SO NO ONE WILL NOTICE...WE DO NOT HAVE ANY REAL INFORMATION AS TO HOW FAR ANY GIVEN COUNTRY WILL BE ADJUSTED...NO ONE KNOWS THE ANSWER TO THAT BUT THE ONES IN CHARGE OF THE ASSET BACKED FORMULAS...SO ALL WE CAN DO IS SEE THAT IT IS HAPPENING...
8-19-2016 Newshound Guru mike ...they'll get this open market economy up and running and the country will prosper or they won't and in a short time they won't be able to make payroll for the 4 million plus state employees and then all hell is going to break loose. They say necessity is the mother of all inventions and I'm hoping this applies to Iraq as well. Iraq needs to course correct in a big way for it's own political and sovereign survival. The investment is still a good one...even if the currency goes to a quarter it's still a 25,000% increase in your investment... All we're waiting for is the political will for real change...IMO. [post 2 of 2]
8-19-2016 Newshound Guru mike Until Iraq develops the political will for change, things will be the same two years from now as well...here's the thing, they can't afford to continue the way they've always done things. The financial crutch and foundation for this corrupt nation has all but evaporated. Oil will not save the day for Iraq and it's corrupt leadership anymore. The reserves, or the nation's safety net, is eroding at an alarming rate and in a short time there won't be enough money to borrow to keep this country afloat. Two things will happen in Iraq... [post 1 of 2....stay tuned]
8-19-2016 Intel Guru Bruce ...we talked about the Amnesty Law having been passed and gone through and been put into the Gazette? Evidently there’s five parts to that Amnesty Law. Three ...of the parts have been passed and gone through and are in the Gazette. There may be two more aspects to it that might...go through the weekend. We don’t believe that these two aspects of the Amnesty Law...will hold anything up or is something that we’re waiting to have happen. I will say this, looking at this thing from my perspective; it appears we are coming down to the wire. It appears this is to go between now and the weekend. I’m not going to name dates. I’m not going to name days. I’m excited about how close we are.
8-19-2016 Newshound Guru wmawhite Article "Iraq is Back in Business, According to Wyndham Group" Quote: "...the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims." do you think that they just thought of this today? Really...they have been looking at these projects for YEARS!
8-19-2016 Newshound Guru rcookie Article: "Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah" ANOTHER CITY...THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA. THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ'S ECONOMIC PRESENT & FUTURE...JUST TRY AND GRASP THE SCOPE AND MAGNITUDE OF THIS PROJECT...THE LARGEST DEVELOPMENT PROJECT IN ALL OF IRAQ. TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)...15.5 SQUARE MILES WORTH OF DEVELOPMENT SPACE...ANYONE HERE UNDER THE IMPRESSION THE INTERNATIONAL INVESTMENT COMMUNITY LACKS CONFIDENCE IN IRAQ AND ITS INSTITUTIONAL STABILITY...NOT! ...AND THE FACILITATORS OF THIS ANBAR PROJECT ARE THE UNITED STATES AND SOUTH KOREA...
8-17-2016 Newshound Guru Breitling ...They’ve kind of accelerated what it is they want to do. That’s why you’re seeing a lot of articles coming out talking about retiring notes and stuff like that. It’s not the CBI itself. Remember how I follow the laws of Iraq. It’s the parliament, the ministry of Planning, the ministry of Finance and then the CBI…if you have those 4 talking about it in THAT order then it means something. What are the numbers. Who’s passing the law…that’s what I want to know. The CBI said they were going to add value to the currency. The ministry of planning said they were going to add value to their currency. The minister of Finance said we are going to add value to the currency. Parliament said we are going to add value to the currency. The IMF is on board so Iraq can add value to their currency…If you don’t understand this part of it, it’s tough to follow. How do you do it? The numbers are there. It’s not an opinion. [Post 2 of 2]
8-17-2016 Newshound Guru rcookie Article: "Parliamentary legal reaffirms resolve disputes about the amnesty law and vote next Tuesday" DEADLINE OF NEXT TUESDAY TO VOTE...AND CONFIRMATION THAT ALL DISPUTES ABOUT THE AMNESTY LAW HAD BEEN SETTLED...
8-17-2016 Intel Guru Delta CBI SITE TENDER 08/17/2016. ASKING COMPANIES TO PROVIDE THEIR TENDER FOR COUNTING AND SORTING MACHINES FOR LOCAL AND FOREIGN CURRENCY. 09/18/2016 IS THE LAST DAY TO SUBMIT THE TENDER.
8-17-2016 Newshound Guru mike I think Iraq's reserves are around $50 billion, M0 money supply is at least 30 trillion dinars and when you add in the ISX and other things, the M0 is roughly 60 trillion dinars, or a ballpark of 30-60 billion dollars worth of dinar at the 1182 rate. But what happens if you raise the rate to say 0.10? Now, that same 30 trillion dinar is worth $3 trillion dollars, that's nowhere close to 150% coverage of the curency in reserves. I'm all for the float but hopefully Iraq will get the currency into Article VIII first. [post 2 of 2]
8-17-2016 Newshound Guru mike Article quote: "The float of the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves..." For me, the float is a great idea, after they've moved to Article VIII. There won't be any demand for the dinar until it's internationally recognized and accepted. ...just look at the street rate vs official rate as it stands today, there's a 9% spread. Once Iraqi's can buy Turkish tomatoes with the dinar, demand will increase. There are many in the GOI who are all for the float today because they know it will probably drop to somewhere between 1400 and 1500-$1 and it will result in lower costs for payroll etc. [post 1 of 2....stay tuned]
8-17-2016 Intel Guru ADMINBILL NO RV YET... ONE DAY SOON WE WILL BE REJOICING. WHEN? I AM NOT SURE. IT HAS BEEN SO QUIET YOU CAN HEAR A PIN DROP. MY CONTACTS ARE VERY OPTIMISTIC BUT THEIR SOURCES HAVE GONE SILENT WHICH MEANS THEY BELIEVE WE ARE CLOSER THAN CLOSE.
8-17-2016 Intel Guru Frank26 Quote: ”The GOI Signs on Thursday a Memorandum of Understanding with the United Nations that Requires the Involvement of International Investigators in the Files of the Grounds of Corruption” the UN is there with...handcuffs...to a degree…The UN is going in to...to remove the corruption...We are waiting…and watching for the UN to be successful in what they are doing…me and my TEAMS only care about the UN, the WTO, the IMF and the USA right now...Monetary Reform is out right now in front of our eyes...even before they release Mosul to you as liberated...they have already passed all the laws for the Monetary Reform...once they give you Mosul...what did we tell you...IMO the Monetary Reform will come at you with the speed of light.
8-17-2016 Newshound Guru Breitling …Iraq has been hit because of the oil prices that went down. It messed everybody up…it really did. but in the end what’s the answer? What’s on the table? Banks are having problems getting people cash. And then you have people out there say they have too much dinar out there so it’s not going to revalue. how does that work? doesn’t make any sense does it? Not only that but you have two reports that came out talking about one at 6 billion notes and one at 4 billion notes. [See Bretling Post from 8-16-2016] …Yeah let’s say it’s true…they have 53 trillion dinar…then yeah it’s not going to revalue. but it’s up to you. I’m not going to convince anyone of anything, it’s not my job. I know exactly what’s going on. I know exactly what the numbers are. And they’ve reduced it since the 4 billion note count. How long ago? I don’t know. I know what’s coming down the road….what’s going on in Iraq is pretty shocking. [Post 1 of 2 stay tuned for the rest of the story]
8-17-2016 Newshound Guru rcookie Article quote: "Ahmed Abd Rabou opened the Commerce Department a new center for Supply in the city of Ramadi..." ...HERE COMMERCE MINISTRY IS ANNOUNCING OPENING OF NEW SUPPLY TRADE CENTER IN RAMADI AFTER ACHIEVING REQUIRED STABILITY IN RECORD TIME...TO SAY THAT ABADI AND HIS NEW CABINET MINISTERS SWORN IN YESTERDAY HAD A HUGE DAY TODAY...BIG UNDERSTATEMENT...
8-17-2016 Newshound Guru mike Article quote: "...the lack of confidence of citizens in banks behind it are many reasons, such as lack the Iraqi government keeping its commitments to the private sector..." Literally, for years, we've read about the banks not being up to snuff, corruption and the governments lack of support for the open market economy. Statistically speaking, they can't maintain this kind of failure and ineffectiveness forever, can they?
8-17-2016 Newshound Guru Kaperoni Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" Don't confuse "fiscal policy" with "monetary policy" Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply. [reference Guru mike post 8-16-2016]
8-17-2016 Intel Guru Frank26 Quote: ”The Duties of the WTO Task Force is to Reduce the Difference of the Value of the IQD to the USD and Activating Iraq’s Private Sector” ...the WTO is telling you they have a task force in Iraq and we are doing our best to close the gap between the IQD and the USD...by raising the value...The WTO is now in position to welcome them...how will you know when Iraq is international...the moment the WTO tells you they have accepted them as members...the international status of Iraq is eager to introduce their currency...not at a program rate.
8-16-2016 Newshound Guru Breitling They [People who feel there is trillions of dinar out there] look at the CBI and they’ll look at the reports coming in and it says in their reserve they have 53 Trillion dinar or 61 trillion…at one time it was 81 trillion and then it went down. People don’t understand it’s all the assets combined…it’s gold, it’s oil, it’s the reserve, it’s not the country’s note count. There are 2 reports that come out…one report said they had 6 billion notes and how much dinar that represented…I’ve talked about this for years. Then the next report came out and it said it was down to 4 billion notes but it never came out with how much that 4 billion represented. People would get the countries note count mixed up with the countries overall value. [Part 2 of 2]
8-16-2016 Newshound Guru rcookie Article: "Basra calling for the rehabilitation of border outlets being an important economic resource" ...WHERE AT ONE TIME THE CUSTOMS TARIFFS INCREASES TO BE IMPOSED AT BORDER POINT WERE MAJOR OBSTACLE AND SOURCE OF CONTENTION IN THESE BORDER CROSSING AREAS...THE SUCCESS OF THE REVENUE STREAMS TO THE COUNTRY AND PROVINCIAL SHARE OF THE REVENUES HAVE THESE AREAS TRIPPING OVER THEMSELVES TO GET ENGAGED...WHAT A DIFFERENCE A YEAR MAKES.
8-16-2016 Newshound Guru Breitling Article “Dozens demonstrate in front of the family bank in central Baghdad to demand their money...” People don’t realize this but this has been going on at more than one bank. The thing is the banks are not releasing cash to the citizens. And that’s strange since there are misunderstandings out there of how much dinar is out there. With all that dinar out there [Said sarcastically]. There’s a shortage of getting citizens their money? That worthless dinar? How does that happen? Strange circumstances don’t you think? With trillions and trillions of dinar out there…and that’s the accusation that’s out there…why would they have problems giving cash to people on the streets? [If there was trillions of dinar] It doesn’t exist. …it’s not a nation wide thing but it keeps happening over and over again. So again, my question is…With all these trillions of dinars? …It’s the note count and it’s something that’s not talked about…[Part 1 of 2]
8-16-2016 Intel/Newshound Guru Mnt Goat By the time the new RV happens they want to have as much of the 3 zero notes already exchanged in Iraq as possible. The e-dinar implementation will also help too since I believe this is why they will use the e-dinar for months to pay people instead of hard currency. (from Sept 1st 2016 thru Jan 1st 2017)... This will not put any more new currency back into circulation and thus limit the possibility of 3 zero notes later. So they needed all this time to clean up the financial and banking system. Remember the IMF came into being a major player in the process in Oct 2015... This new 5.4 billion loan is bait...bating Iraq to go alone with the needed reforms. Also they do not want to give them this aid unless they can pay it back and the reforms are their assurance. They are supposed to get another 2 billion of the loan by the end of the year. Do you now see just how close we are to the RV? We are approaching an RV window...The window is Sept 1st 2016 thru Jan 1st 2017...its coming...at least they will attempt it one more time. [post 3 of 3]
8-16-2016 Intel/Newshound Guru Mnt Goat For instance 4 of the $25,000k notes today is worth $100 dollars. Then they launch the lower denoms. The new $100 notes will be worth $100 dollars. Easy one note instead of four notes. No value change yet. But when they go to the bank to dump (exchange) their cumbersome, extra large 3 zero notes it will be a 1:1. They will turn in 4 of the $25,000 notes for one $100 new notes. Value stays exactly the same. So citizens in Iraq will have the exact same purchasing power only they won't have to carry wads of these 3 zero notes of to purchase. Note they did not say 1:1 with the USD they simply said 1:1 with the old currency to the new currency value. When do we make our millions then? This is step #2: The process calls for bringing the dinar back to the true value pre-war years. This is the bonus for us, this is the RV. But this new rate will not have any effect on the Iraqi citizen... ...the exchange rate we keep hearing about of $3.22 - $4.20 is for the USA value in dollars...our $25,000 dinar notes get exchanged to dollars. So at an RV of $3.00 we would get $75,000 for our $25,000 note. [post 2 of 3....stay tuned]
8-16-2016 Intel/Newshound Guru Mnt Goat Remember this RV is going to be a two stage process. First they must launch the lower denominations at a 1:1 and then later comes the RV with an increase in value. The new value will coincide with the post war value plus equity. Article: "Economists divided over deletion of zeros on Iraqi dinar" This is an amazing article... This article confirms that the RV is a two step process. The First step: Quote: "that the step to delete zeros is merely an administrative process, and the currency equation should remain the same. This means that the purchasing power of the new currency should be equal to that of the old currency. He added that the two currencies should both remain in the market for a period not exceeding three years, then the old currency should be gradually withdrawn". So how do they get the old currency to equal the new currency value from an RV we all keep hearing about? [post 1 of 3....stay tuned]
8-16-2016 Newshound/Intel Guru BGG [...2017 BUDGET WILL BE $82 BILLION AND BASED ON $40 PER BARREL...] I haven't looked at any recent budget numbers - but doesn't that leave them pretty short still? On the other hand, if oil spikes - which it always does - they will be in really good shape...in fact, REALLY good shape.
8-16-2016 Newshound Guru mike To me, fisal policy = legislation. I don't think you'll find concrete evidence that he's wrong, just the absence of the legislation that's necessary for economic/monetary reform. I think we're hearing a lot of discussion from the economists, IMF and even the CBI, but precious little from the government itself. I think they're begrudgingly following the guidelines the IMF set up so they can have access to the loans, but I would agree with Keywords, they don't have a long term plan. Hopefully I'm way off base and 2017 is the year... [post 2 of 2]
8-16-2016 Newshound Guru mike Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" I'm puzzled as to why Keyword's would put these kinds of statements out today when there's supposed to be a plan to move this country forward economically and monetarily. We keep hearing about a plan and yet Keywords is telling us there isn't one. I guess time will tell, they told us Iraq would be part of the worlds economy by mid 2016 and now they've moved it to 2017, here's hoping that is still the plan. [post 1 of 2....stay tuned]
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