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4-13-2016 Newshound Guru wmawhite What is happening in Iraq is not measured as a yes or no, or a on or off event. The issues concerning the GOI are changes for the future...changes that will ensure success years into the future. Iraq entering the global market place is happening now...right now in front of your eyes. And while it is happening they are also telling you it is happening...
4-13-2016 Newshound Guru Kaperoni Article: "Government withdraws $ 10 billion from the reserves of the Central Bank and the experts upheld as an economic catastrophe" If true, it also violates the CBI law and will effect foreign investment. Keeping the CBI independent is critical for foreign investment to come to Iraq. All we can do is watch this and see what comes of it.
4-13-2016 Intel/Newshound Guru Poppy3 CAN'T BELIEVE HOW MANY PEOPLE BELIEVE THE NEWS MEDIA THAT OIL PRICE IS CONTROLLING THIS? IT IS ONLY ONE SMALL FACTOR. I SUGGEST PEEPS BACK UP AND VIEW IRAQS ECONOMY FROM AFAR...SEE THE WHOLE EFFECT OF THE RATE OF DINAR ON THE WORLD?
4-13-2016 Intel/Newshound Guru tman23 Article quote: "...the Iraqi parliament session, which was attended by Prime Minister Haider al-Abadi chaos and altercations after the President of the Council's decision to postpone the vote on the new government formation to Thursday." No maybe on the vote... There was not going to be a vote today [Tuesday]...They said as much for a few days now...They also said Abadi would provide a new list...which he has...they also said he would set the date today for all ministers resignations... He also left 3 positions un-named which will go to the Kurds who will submit the names for the positions... News has reported Kurd delegation who met with Kerry now in Washington...and Biden has been working the phone between Abadi and Barzani...
4-13-2016 Newshound Guru Kaperoni We are looking for stability (official rate/market rate) so the CBI can exit the peg. As well, once investment begins, it will create inflationary pressure allowing the dinar to rise (and removing the zeros). Nothing will move until the laws are in place to support outside investment. We need to see parliament begin to pass more than just the amendment to the Investment Law.
4-13-2016 Newshound Guru tlm724 Article quote: "...the House will, today, an emergency session and submit a request to dismiss parliament, the presidency and other presidencies..." oh for petes sake...it's gonna get ugly for a hot a minute...There is for sure a power struggle going on...they gotta fight it out it's their MO.
4-13-2016 Newshound Guru wmawhite An RV/RI.change in value of the IQD...has nothing to do with the needed revenue for this year's budget. Those are two different issues.
4-13-2016 Newshound Guru Millionday SO MANY THINGS GOING ON WITH IRAQ...MEETING ON THE 17TH IS ALL ABOUT CURRENCY. I AM EXCITED TO SEE WHAT HAPPENS IN THE UPCOMING DAYS.
4-13-2016 Newshound Guru tlm724 Article: "The House of Representatives lifted on Tuesday, to its next Thursday; to vote on the new ministerial cabin." so they met, they argued and threw shoes etc... supposed to vote tomorrow...Thursday; to vote on the new ministerial cabin... I don't see any changes on the agenda but that doesn't matter at this point, they are a lil busy...
4-13-2016 Newshound Guru wmawhite changes are a coming...this is all being directed by the IMF. The CBI is getting out of the auction business...Soon, all currency will flow through the individual banks.
4-13-2016 Intel Guru Bruce Things have occurred in Southeast Asia, things occur in Iraq. Announcements have happened. Dealers were told in Iraq to stop yesterday, if continued they be arrested. Banks ready, more than ready. Redemption centers set up and ready to go. Money has moved, and continue to move in large quantities to prepare for this...this is nigh upon us...see how it unfolds.
4-13-2016 Newshound Guru Islandg1211 Shabibi has been talking for 12 days now. The press has gone over the history of the CBI, not only about Shabibi and Allak, but also why there was ever three zeroes - inflation in the 1970's. The articles have continued to go back over the Monetary Reform. These articles are like Shabibi's introduction for his acceptance speech. Does it make any sense for Shabibi to make a speech announcing his return to the CBI and his plan to RV soon? He needs to give a speech announcing the RV and why the increase in purchasing power and having an international currency is important to Iraq's recovery.
4-13-2016 Newshound Guru OOTW Article quote: "Iraqi parliament session saw today, which was attended by Prime Minister Haider al-Abadi, chaos and altercations after the postponement of the vote on the amendment next Thursday." I SUSPECT THAT THE SIGNING OF THE AGREEMENT RE REFORMS NEEDED TO BE ACCOMPLISHED PRIOR TO THE PRESENTATION AND SUBSEQUENT VOTE ON THE NEW TECHNOCRATS TO BE PLACED.
4-13-2016 Intel/Newshound Guru Poppy3 THEY CAN SET DEADLINES DAILY BUT UNTIL THEY ARE READY THEY LISTEN TO NO ONE. SO FAR THE IMF, WB, UNITED N [NATIONS], HAVE ALL ISSUED DEADLINES AND HOW HAS THAT WORKED SO FAR. ...WATCH THEIR ACTIONS AND FORGET THEIR WORDS...WE ARE GETTING GREAT NEWS NOW...SEEING SOME POSITIVE ACTION...THINGS ARE LOOKING BETTER DAILY...AT LEAST NOW THERE ARE FORWARD STEPS THAT ARE VERY ENCOURAGING.
4-13-2016 Newshound Guru Millionday Article quote: "the role of the legislature in support of the reform process and preserving the rights of the people." THEY ARE READY FOR THE NATIONAL REFORM...THE THREE PRESIDENTS SIGNED THE REFORM PACKAGES TODAY AS WELL...APPEARS THAT SUCCESS HAS BEEN REACHED IN MANY AREAS...WHOOOPOW. [When the reforms are put into the Gazette, how long before it is OFFICIAL?] WHEN THE REFORMS ARE PUT IN THE GAZZETTE -- THEY ARE LAW THEN.
4-12-2016 Intel/Newshound Guru Poppy3 ...IRAQ will do as they please and add value when they want. I AM OF THE OPINION THEY ARE READY AND ABOUT TO MOVE IN THE NEXT COUPLE MONTHS BUT ITS THEIR TIME TABLE NOT OURS...BEAUTY THING IS...IT IS HAPPENING...
4-12-2016 Intel Guru Frank26 Quote: "Forming a Government that satisfies all parties will lead to political stability and the effects where of one high exchange rate subject to change the value of the dinar is linked to the financial situation which will be determined by the price of oil in the next two months.” that is HUGE...that is saying that of course we use oil in budget and that is how we pay our bills and we are going to raise it...when...IMO it will be in June because in my opinion Iraq will take it up to the very last nanosecond...they do have the first half of 2016...and Iraq will not complete something on schedule...they will work it up to the very last second... [post 3 of 3]
4-12-2016 Intel Guru Frank26 We are doing all of this to prevent forgery...to prevent counterfeiting...all in order for Dr. Shabibi to come back...in order for the Monetary Reform to come back...why...because the opportunity is right...We have a currency that is going to be very powerful ...we have more reserves than we know what to do with...Meanwhile businesses and markets say the following...”It is an opportune time for the single currency rate in Iraq”...this has been our plan says Iraq and we’ve really been focusing on it the last few months. The IMF met with Iraq today...and they talked about many things...but it was mainly...99.99% about stability of a sovereign nation...it was about the plan that contained the new math... [post 2 of 3....stay tuned]
4-12-2016 Intel Guru Frank26 1.) We are looking for the resignation of the proxy governor for the Central Bank of Iraq...in my opinion….that documentation of resignation exists... 2.) We needed this reshuffled cabinet that belongs to Abadi to be shown to you...Dr. Shabibi no long hidden behind the cosmetics of...or the verbiage of “keywords"...when you see “keywords” it means Dr. Shabibi...it means Dr. Shabibi coming back at the helm of the CBI. 3.) LD’s are IMO being guarded in the Green Zone and IMO they electronically moved for a couple of months...have they been moved physically...here is what I would say...LD’s locked and loaded... 4.) ...we need this reshuffled cabinet that belongs to Abadi to be announced...So in my strong opinion...once you see Abadi announce to you...this is my cabinet...within nanoseconds you are going to see 1, 2, and 3... [post 1 of 3....stay tuned]
4-12-2016 Newshound Guru Stryker Things are moving quite fast now in Iraq when it comes to them complying with the Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding...There is so much going on it's hard to keep up with it all but more importantly how it all fits together...research got me to a point of understanding what was planned in 2003, where it all fits in today but not all the signs were there until now that they are all actually getting done.
4-12-2016 Intel Guru Bluwolf ...most ask themselves is this RV going to bear fruit...The answer...YES. When? That answer is just a turn of a key away.
4-12-2016 Newshound Guru Millionday [Dont they have the low denoms and coin ready to go, just have not released them yet?] IMO THEY DO AND BY WHAT I HAVE READ -- THEY ARE SAYING...HOW PROUD THEY ARE OF THE NEW CURRENCY THEY HAVE AND ALSO BRAGGING ABOUT HOW MUCH MORE SECURE IT IS -- SOUNDS LIKE THEY HAVE MADE THE DECISION IN CBI THAT IT IS TIME TO BRING IT OUT. [post 2 of 2]
4-12-2016 Newshound Guru Millionday Article quote: "Iraq today is working with the International Monetary Fund to adapt the economic reform programs since 2003, including monetary policy" THE CHANGE IN CURRENCY IS PART OF THE REFORMS ACCORDING TO THIS AND IRAQ IS FOLLOWING THE IMF COMPLIANCE. Quote: "...inflation has pushed for increasing the number of zeros of the currency, hence the re - currency to its former position of inflation by removing its effects have accepted the issue according to this standard..." THE PAST PRODUCED THE THREE ZERO CURRENCY --- THE RE-CURRENCY TO ITS FORMER POSITION >>> HUGE WHOOOPOW. ...THE DECISION TO HOLD ON TO THE SITUATION AS IT IS HAS CHANGED -- THE CURRRENCY MUST CHANGE. WHOOOPOW. [post 1 of 2....stay tuned]
4-12-2016 Newshound Guru Kaperoni ...no matter the rate, if they want citizens to use it, or have confidence in it, they must do everything possible to make the dinar desirable. Which IMO includes, banking insurance, clean/ crisp bills, maintaining the spread, minimize counterfeiting, and also raising the value at some point. Remember, Iraqi's want to use dinar over any other currency...they just have to believe in it.
7-12-2016 Newshound Guru tlm724 Article quote: "According to the agency "Bloomberg" international economic, Monday, that Iraq has increased its oil production to reach 4.55 million barrels per day last month." wow thats alot of oil and record setting! 4.55 million barrels per day *wolfwhistle*
4-12-2016 Newshound Guru rcookie Article quote: "...the Presidency of the Republic of Iraq on Monday signed a "document of national reform" by the three presidencies and political blocs..." THE NATIONAL REFORM DOCUMENT IS SIGNED...AND INCLUDES MECHANISM TO FORM NEW GOVERNMENT...NEWS OF RESIGNATIONS FROM MANY POLITICAL BLOCS INCLUDING SADRISTS...IT WAS ALSO SIGNED BY LEADERS OF POLITICAL BLOCS...AND SADR IS THERE...THIS IS COMPREHENSIVE ACCEPTANCE OF 3 PRESIDENTS AND POLITICAL BLOC HEADS OF THOSE NATIONAL REFORM TENETS...THIS DOCUMENT SIGNING AND LANGUAGE RELEASE IS ALL...ALL...ALL..OVER THE NEWS!
4-12-2016 Newshound/Intel Guru BGG FLASHBACK..."The Exchange Rate of Foreign Currency in Economic Feasibility Studies" THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
4-12-2016 Intel/Newshound Guru Mnt Goat I am still hearing that arguments and resistance to changing over the minister of Finance Zarabari. We wait to see what happens this week. Over the weekend we heard that the National Coalition demanded the cancellation of the entire minister list submitted by Abadi last Thursday. Then the arguments began. Then shortly afterwards the 3 presidents declared a meeting with all the leaders of the political blocks. From this meeting they decided to allow more time time to submit their candidates since they did not take Abadi serious in this effort from the beginning and were reluctant to take any action of his mandate for a technocratic govt. Article quote: “MP for the coalition of Iraqi forces Abdel Azim Ajman, on Monday, that the House of Representatives will vote next Thursday” So the recent news today is they will postpone the voting on the new cabinet until Thursday’s session of parliament. Seems they need a couple more days to allow the parties to submit their candidates and sort out this mess.
7-12-2016 Newshound Guru tlm724 Article: "Iraqi Central Bank announced on Monday the launch of government bonds worth 1.5 trillion dinars middle of this month." Iraqi Central Bank announced on Monday the launch of government bonds worth 1.5 trillion dinars middle of this month...will launch national bonds in Iraqi dinars on behalf of the Ministry of Finance in nominal terms on the 15th of this month and ends on the fourth of next May...these bonds serve a few purposes, allows the people to make a lil interest on their investment, increases liquidity and most importantly it brings the dinars in off the street, I like it.
4-11-2016 Newshound Guru wmawhite I believe that [Guru] rcookie is correct when he describes this event as NOT being an "on/off switch".... but, instead, I see this event more as a rheostat. Iraq's move into the economy world market is being spoon fed...in larger and larger amounts. I do not believe that we will see a daily schedule titled "Iraq's Schedule For Tuesday's Move Into The Economy Market." This move is on-going...has been on-going...and IMO is well along it's path within the Middle East.
4-11-2016 Newshound Guru Kaperoni So when the laws are in place, and investors begin to come into Iraq, we will see the CBI make a change from the peg to the float. I may be off on the timing, but I am pretty sure that is how this will go down. One IMF document...in particular expresses the importance of the change just before the influx of capital so as not to be reacting or caught trying to defend the inflationary pressure created and be a more reactionary policy. That to me is encouraging that the CBI could yet take action this year if the conditions are set in place. [post 2 of 2]
4-11-2016 Newshound Guru Kaperoni I don't believe the decision to raise the value is as simple as someone deciding to do so. As I have stated from many IMF documents, the intent appears to be to let the dinar rise as a tool to counter inflationary pressure created by the initiation and development of a market economy. Just like the first rise, where Shabibi took it from about 3000 to $1 down to 1166 as a result of the growth of the oil industry reducing inflation from about 30% to 4%, I expect the remainder will be part of a process that occurs exactly like the IMF stated in the 2013 Article IV Consultation. [post 1 of 2....stay tuned]
4-11-2016 Intel/Newshound Guru Mnt Goat 1. The current economic crisis makes it almost imperative to take action now. 2. More auditing practices are now in place in the Abadi government making it clearly more difficult to hide corruption. Most of it is now being exposed even going back to the past Maliki admin. 3. Iraq is now in a better political position where reforms are able address the corruption. 4. Grantors of foreign loans, to help Iraq through its financial crisis, would be more resistant to giving loans without the reforms on corruption since where would their loans go? 5. Investors coming to Iraq need a SAFE political and financial environment to conduct business. We all know an international dinar is coming soon. [post 2 of 2]
4-11-2016 Intel/Newshound Guru Mnt Goat I keep getting asked why is there this all out effort by Iraq and the international community to rid Iraq of corruption? Why now? Like I said it is not all about the RV of the dinar. The RV is by-product of all the efforts to stop corruption, bring more security to Iraq, fix the financial and banking systems, the necessity to go international, join the WTO etc… We only think it is all about this investment because we are investors and stand to make a huge gain when they do RV. The answer then to this question as I can conclude is many faceted: [post 1 of 2....stay tuned]
4-11-2016 Newshound Guru wmawhite the information that we continue to post day after day from such entities as the IMF, WB the CBI...none of those folks state that they are speculating. Instead, these entities are very to the point as to what they are intending to achieve.
4-11-2016 Newshound Guru Islandg1211 We are watching Vietnam, Iran, and Iraq all go through the same steps outlined by the IMF...Inflation lowered, debt restructured, 2% compliment, privatize banks, new currency with security features, single national currency usage, ready to RV. Will the reforms be delayed? ...time is up for all the corrupt politicians and terrorists in Iraq that would try to delay the reforms. The monetary reform is a planned and wanted change by the PTB and the IMF. The IMF prefers April to RV countries. Yes, this is My opinion...the monetary reform globally isn't going to be delayed in Iraq or elsewhere any longer.
4-11-2016 Newshound Guru rcookie SOOOOOO MUCH BOND ACTIVITY GOING ON...THE APRIL AUCTION OFFER ON 20TH WHICH IS THE 3RD OF 11 OFFERINGS...THE PENDING $2 BILLION EUROBOND LAUNCH IN JUNE...AND THE ANNOUNCEMENT OF BONDS BEING OFFERED THROUGH THE ISX!!!...BOULYAAAAAAH!!! ALL OF THE BOND ACTIVITY IS EXTREMELY EXCITING AND IMPORTANT BECAUSE IT IS AGAIN...EXECUTION OF BUDGET ACTIONS...AND THE BOND MARKETS AND INSTRUMENTS ARE AN IMPORTANT PART OF A NASCENT MARKET THAT IS IN ITS INFANCY STAGE...WITH HOPES OF ECONOMIC GROWTH... [post 2 of 2]
4-11-2016 Newshound Guru rcookie Article quote: " a cell of the financial crisis, headed by the prime minister and approved the proposal of the central bank to issue government bonds for the payment of contractors and suppliers of state institutions." THESE BONDS WILL BE AVAILABLE TO CITIZENS AT NEWLY RESTRUCTURED BANKS THAT NOW OFFER 1 STOP SHOPPING BANKING SERVICES...GENERAL BANKING...LOANS... STOCKS...BONDS...AND CURRENCY AUCTION WINDOWS...OPENING THROUGHOUT IRAQ... [post 1 of 2....stay tuned]
4-11-2016 Intel/Newshound Guru Mnt Goat So the big questions we all want to know is - Can they vote on the new cabinet in time to avoid another mass demonstration...Or will they delay the process longer and we will have to wait longer for them to get the GOI fully formed? Article quote: “the chairman of the parliament confirmed that it would call for an emergency session Saturday or Sunday if completed the political blocs and the elves charged with studying the biographies of the candidates for the purpose of voting on the cabin ministerial ". So it seems they still fully intend to meet the Monday 4/11 (the 10 day period) deadline to ratify the new ministers.
4-11-2016 Newshound/Intel Guru BGG Article: "A political source: political blocs Abadi handed the names of candidates for ministerial positions" Quote: "Received Prime Minister Haider al - Abadi, on Saturday, the political blocs nominations for ministerial positions on the basis of variety 'technocrats'." Abadi has made his choices for GOI posts public today...these "poltical thugs" haven't given up on "the old way" just yet...in spite of Kerry, the WB, the IMF, the UN - and everyone else you can think of being there in support of real reform. Abadi has MAJOR support...Abadi has the right to do what he's doing... not only that - he has the broad based world support too!!
4-11-2016 Newshound Guru OOTW TODAY WE HAVE GOOD NEWS FROM THE INTEGRITY COMMISSION - THEY'LL BE WORKING WITH THE UN AT AN "INTERNATIONAL" LEVEL TO REVIEW CORRUPTION FILES...
