Get caught up on last night's updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes a sec sec...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list. Click here to get on the list now. 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]
