5-2-2015 Newshound Guru Millionday I HAVE HEARD IT WAS OVER THIS WEEKEND...THE THING IS -- I DONT SEE ANYTHING IN ITS WAY...WITH THE EU AT THIS POINT IS VERY IMPORTANT -- THEY ARE IN SUCH A DIFFERENT PLACE THAN THEY HAVE EVER BEEN IN...AND THE KURDS ARE IN COMPLETE AGREEMENT WITH IRAQ AT THIS POINT TOO -- THE ERBIL AND OIL AGREEMENT -- SO THEY HAVE SAVED IRAQ FACE IMO.
5-2-2015 Newshound Guru Shredd Article quote: "Iraq is seeking to get the sovereign rating and continue with credit rating agencies, "explaining that "seeks to connect with two or three credit rating agencies." We've known they have been working on this for quite some time. It's good to see this back in the news. Having a sovereign credit rating will open many investment opportunities for investors and investment vehicles who've been waiting for this. No direct correlation to the exchange rate but will be very very good for investment once acquired.
5-2-2015 Newshound Guru tlm724 Article quote: "Iraq is seeking to get the sovereign rating and continue with credit rating agencies, "explaining that "seeks to connect with two or three credit rating agencies." Zebari added that "Iraq is preparing to issue huge bonds worth five billion dollars needed to cover the budget caused by lower oil prices deficit," when they have to open their books to get this rating it will interesting! Full transparency is required and their true wealth will be revealed and with that perhaps we will see a change in the rate? I don't know but it is possible.
5-2-2015 Newshound/Intel Guru BGG I must say - I was a little disappointed to "not be rich" yet this AM...it's early yet. [You really think we're THAT close BGG?] probably... the news looks very promising. Aside from the normal "two steps forward - one step back" flavor - it's pretty good financial news.
5-2-2015 Intel Guru Hub a lady that runs my operation for me, i got her in this three years ago, had her wf branch mgr call her two times this week to tell her its ready, she needed to get ready, no time, just its here. this lady runs the company for me and i trust her completly.
5-2-2015 Intel/Newshound Guru Poppy3 ...I AM IN GREAT ANTICIPATION OF HEARING NEWS IN THE NEXT COUPLE DAYS THE IRAQ DINAR HAS A NEW INTERNATIONAL RATE .
5-2-2015 Newshound/Intel Guru Bluedog THEY CANNOT MOVE FORWARD... AND REMEMBER THE GREEN LITE THAT THEY WERE GIVEN ...THAT'S THEIR SALVATION. DO YOU THINK THE WB AND THE IMF WILL CONTINUE WITHOUT A MOVE OF THE CBI..... NAW. IMO THE CURRENCY REFORM HAS BEEN SEEN IN THE LAST FEW WEEKS AT A LIGHTNING SPEED...SECURITY IS AT A HIGH LEVEL...THEY WILL DEAL WITH ANBAR IN THEIR OWN WAY. IRAQ HAS A HUGE DREAM AND IT'S NOT AT A ONE TO ONE RATE...IT MUST BE A GREATER RATE... A COUNTRY WITH THESE DREAMS HAVE TO MOVE VERY FAST...JIMO [post 3 of 3]
5-2-2015 Newshound/Intel Guru Bluedog YOU SEE IRAQI HIGH GOVERNMENT FOLKS OUT SELLING BONDS RIGHT NOW AND IT HAS BEEN IN PROGRESS NOT JUST YESTERDAY BUT BEEN HAPPENING...THEY ARE BUILDING ROADS AND NEW SEWAGE SYSTEMS AND PLANTS. IT'S A COUNTRY THAT NEEDS GROUND FLOOR REBUILDING. SO THE 2015 BUDGET AND THESE LOANS ARE JUST NOTHING. THEY PROVIDE CHEESE FOR THE MONTH IMO...THE IRAQI GOVERNMENT HAVE LESS THAN NOTHING HERE WITH THESE LOANS TO WORK WITH OTHER THAN PAYING OVER DUE PAYMENT. [post 2 of 3....stay tuned]
5-2-2015 Newshound/Intel Guru Bluedog THE IMF AND WORLD BANK LOAN IS JUST A MOSQUITO ON AN ELEPHANT COMPARED TO WHAT IRAQ NEEDS...AND HOW WILL IRAQ PAY ALL BACK SALARIES AND GO FORTH WITH REBUILDING THEIR COUNTRY. THE NEW RAIL SYSTEM IN BAGHDAD AND THE NEW TRAINS THAT HAVE ARRIVED...THE NEW AIR STRIPS AND AIRPORTS TO HOUSE F-16'S ...ALL THE MILITARY EQUIP THAT THEY HAVE RECEIVED... KURDS ARE BUILDING FASTER THAN ANYONE COULD BELIEVE...THEY NEED HUGE MONEY. WE KNOW THE WEALTH OF THIS COUNTRY ABOVE AND BELOW THE GROUND...INVESTORS AND THE WORLD KNOW TOO...SO THEY NEED TO SPIFF UP AND THEY NEED FUNDS. [post 1 of 3....stay tuned]
5-2-2015 Newshound/Intel Guru BGG [I thought they still had to pass a bunch of laws before they could RV.] How do we know they aren't all passed already? (hypothetical). they did the second reading of the investment law - then went into secret session. One of the things addressed in secret was "unnamed"...
5-2-2015 Intel Guru Delta I GOT YOU SOME INFORMATION ON HOW STANDARD AND POORS RATE SOVEREIGNS. STANDARD AND POOR'S: "Three factors also drive a sovereign's external score, namely our view of the status of a sovereign's currency in international transactions, the sovereign's external liquidity, and its external indebtedness, which shows residents' assets and liabilities relative to the rest of the world. The initial rating process typically takes four to six weeks to complete, but can run longer or shorter. This initial process begins when the contract is signed and generally ends with the publication of the rating." IT'S VERY CLEAR THAT IRAQ NEEDS AN INTERNATIONAL RATE BEFORE THEY GET THE CREDIT RATING, ALSO THE WHOLE PROCESS COULD TAKE 4-6 WEEKS.
5-2-2015 Newshound Guru wmawhite I am still of the opinion that the CBI is driving this ship and everybody else is trying to jump onboard.
5-2-2015 Intel/Newshound Guru tman23 POTUS will host the leaders of the Gulf (GCC) on the 13th and 14th in Washington...IMO...Up to the 15th of May I do not see any rate changes...more so towards the end of May or after at least after the 15th for any new currency intro or rate change. They are in a rush to complete laws and "escalate security" before the start of July... Certainly it can happen at anytime as ANYTHING can happen at anytime... I expect to see an announcement of new notes close to the end of May and then their release around June 15th (right before ramadan)... IMO... And as told we should see what occurs on 5/2 regarding financials as Parliament is in session and suspect it isn't just for US military arms.
4-30-2015 Intel Guru TerryK TALKED TO 7 SOURCES TODAY...THEY ARE ALL EXCITED. IRAQ HAS BEEN FUNDED...THEY HAVE THE MONEY THEY NEED TO SERVICE BY LOANS. I AM TO UNDERSTAND THAT WE ARE TO SEE THIS BEFORE THEIR HOLIDAY. THIS IS A VERY VERY VERY EXCITING TIMES. I THINK ONCE IRAQ PASSES THESE 6 LAWS WE ARE GOING TO BE IN MAJOR HAPPY TIMES. WHAT I AM BEING TOLD IS TO EXPECT THIS TOMORROW NIGHT OR BY THE WEEKEND...IT DEPENDS HOW THEY GET THESE 6 LAWS PASSED OR WHEN...THESE ARE 5 BANKING LAWS AND ONE FOR THE NATIONAL GUARD...THE NATIONAL GUARD IS VERY IMPORTANT.
4-30-2015 Intel/Newshound Guru Poppy3 ...THESE ARE FACTS STATED BY IRAQ LEADERSHIP...THEY HAVE PASSED MANY NEW LAWS IN THE LAST TWO DAYS AND THEY STATED THE 4 MAIN LAWS LEFT WILL BE FINALIZED AS OF TODAY IN A PRIVATE CLOSED DOOR MEETING. ABADI HAS ANNOUNCED TWICE IN THE LAST WEEK HE WILL NOT ALLOW TIME OFF EVEN FOR RAMADAN TO DETER OR DELAY FROM FINISHING FINANCIAL REFORM. I AM GETTING CONSTANT CALLS FROM EVERY SOURCE I HAVE EVER HAD... TELLING ME...THE FINISH LINE IS ABSOLUTELY IN SIGHT. IRAQ IS MOVING THINGS FORWARD FINANCIALLY AND AS I HAVE TOLD YOU IN THE LAST MONTH FROM THE BEST CONTACT IN THE COUNTRY...HE SAID THEY WILL NOT STOP PROGRESS TILL REFORM IS COMPLETE AND ALL REQUIREMENTS ARE MET AND THEY HAVE FOLLOWED THAT INFORMATION TO THE LETTER.
4-30-2015 Intel/Newshound Guru Backdoc ...WE HAVE SOME THOUGHTS ON THE EXPIRED FIFTIES. REMEMBER THE CBI CONTROLS THE NOTE COUNT. WITH ALL THE OLD FIFTIES BEING PULLED OUT OF CIRCULATION THE POTENTIAL FOR MORE VALUE TO THE DINAR IS NOW INCREASED...THEY SAID THEY ONLY HAD 1 3/4 % IN THE PUBLIC FLOAT. THAT NUMBER MUST NOW BE CONSIDERED LOWER. WILL IRAQ USE SOME OF THIS MASSIVE CURRENCY REDUCTION IN SOME WAY TO BENEFIT THEM WITH PAYMENTS ECT. TO ACCOMPLISH A BETTER CREDIT RATING? Mmmmm. TIME WILL SHOW THE ANSWER FOR SURE BUT IT SEEMS INEVITABLE THAT WE WILL SEE THAT UPGRADE SOON. THIS WILL BE HUGE FOR THEIR INTERNATIONAL STATUS.
4-30-2015 Newshound Guru Millionday [Do you have any ideas of why [Guru TNT] Tony and [Guru] DC are so excited saying that Iraq and everyone is saying that this is happening now?] NO I HAVE NO IDEA BUT HOPE THEY ARE RIGHT --- IMO IT COULD HAPPEN AT ANYTIME -- SOME STEP IN THE ACTIVATION OF THE REFORMS WOULD REQUIRE FOR FAIR TRADE ETC THE CALCULATION TO BE DONE AND SET IMO.
4-30-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraq borrowed more than three billion dollars and projects stalled St_khas_khas" The numbers are flying all over the place...$800 million...$5 billion...now $3 billion...$3.4 billion...$2 billion...what is behind door #1...this member of the Finance Committee claims Iraq will be borrowing from both the IMF and the World Bank...trust me this isn't the only article we will see today regarding these loans...most of any loans Iraq is getting from these two organizations comes with little to no interest attached and payouts of around 5-10 years...there will be good to come of all of this...do not let the sight of these loans get you down thinking things are being delayed...the pot on the stove continues to simmer...and it is cooking some good things.
4-30-2015 Newshound Guru Adam Montana Article quote: "Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue needed to cover a budget deficit caused by low oil prices, its finance minister said on Thursday." This is BIG. Iraq is applying for a credit rating. A credit RATING. They aren't haphazardly applying for a loan "just in case" the auditor messes up and gives them a small line... they are on the way to an established, world recognized, bonafide, CREDIT RATING... and I think it's going to be GOOD. THIS IS HUGE!!! When you have a credit "rating" like the US, China, or any other major player in the world has, you are opening your books to the world and everyone knows you're worth "X". Right now, Iraq is worth "?". But with a credit "rating", THAT ALL CHANGES. HOLY SMOKES THIS MAKES ME SMILE! WOOOT.
4-30-2015 Intel/Newshound Guru Poppy3 and Newshound Guru Millionday NOTE -- ...WE SAW A REPORT THAT THE WORLD BANK HAS SIGNED FOR THE LOAN TO IRAQ -- SO OFFICIAL AGREEMENT MADE. Quote: "MP for the Parliamentary Finance Committee Masood Haider, on Tuesday, the International Monetary Fund agreed to Iraq's request Baagheradh amount worth five billion dollars as part of the response to the financial crisis experienced by the country." NOTE -- THE IMF HAS ALSO SECURED THEIR AGREEMENT WITH IRAQ. ...THIS WAS THE SAME PROCESS KUWAIT WENT THROUGH JUST BEFORE THEIR ANNOUNCEMENT OF THEIR NEW RESTORED RATE. ALSO REMEMBER AFTER THEY RELEASED IT THEN WAS 10 DAYS BEFORE IT WAS LEGAL TO EXCHANGE. WE ARE LOOKING GREAT AND THE MONEY WILL BE AWESOME.
4-30-2015 Newshound Guru Kaperoni More than likely the new series of notes (once they all have been issued) will all be same size like the USA. In doing so, they work well in ATM's, counters, etc. and will not jam. The 50 was so small it was not appropriate, didnt have security and would not fit with the new notes. It had to go. People spend way to much time trying to figure out why that 50 was demonetized. The answer was right in front of us. Now moving forward the CBI can begin with the 100, and 50 and begin to raise the value...this process will continues for a few years until the eventual introduction of the 20, 10, 5 and 1 dinar...and some fils to support the economy and new rate. [post 2 of 2]
4-30-3015 Newshound Guru Kaperoni With the 50 dinar note being officially demonetized on Thursday, April 30th, we can begin to wonder if currency reform is coming soon. Several articles surfaced during the month of April indicating there is a determination to issue a 50 (50,000) and 100 (100,000) dinar notes as stated as..”a prerequisite to the deletion of zeros.” If this scenario is correct, this means the CBI is preparing for the transition. That issuing of the 100 and 50 would be the first step towards beginning to raise the exchange rate, and moving towards a currency without 3 zeros (and as stated in the articles as a “prerequisite.”...Inevitably gaining enough value to introduce even more smaller notes such as a 20, 10, 5 and 1 dinar over a period of time as the dinar rises. This scenario is what we want to happen. This would be the beginning of the restructuring of monetary policy and the dinar. This would allow us as dinar investors the greatest potential gain as Iraq’s economy prospers. [post 1 of 2....stay tuned]
4-30-2015 Intel Guru Frank26 [via FrostyTheSnowman] Maliki is superhot right now...because he can be dangerous towards the closeness of this MR [Monetary Reform]. The MR is so close...it’s so fragile to these bullies. It’s important that they must deal with him. Abadi and Shabibi asked for $$$ and weapons to help with Maliki. We’ve got it covered...I can’t tell you how...but the media will in the next 30 days or so. As you see one disappear...you will see the one that fears him...appear. We’ll see Dr. Shabibi soon!
4-30-2015 Newshound Guru wmawhite [Do you agree that a gradual float in value makes more sense now?] Why would Iraq ever want the rest of the world to determine the value of its currency by floating it? Answer...NEVER!
4-30-2015 Newshound Guru Millionday DEFINITION of Floating Exchange Rate: A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a "fixed exchange rate" regime. In some instances, if a currency value moves in any one direction at a rapid and sustained rate, central banks intervene by buying and selling its own currency reserves (i.e. Federal Reserve in the U.S.) in the foreign-exchange market in order to stabilize the local currency. However, central banks are reluctant to intervene, unless absolutely necessary, in a floating regime. [post 2 of 2]
4-30-2015 Newshound Guru Millionday [Do you agree that a gradual float in value makes more sense now?] I DON'T KNOW HOW THEY WILL ENTER THE MARKET WITH THE DINAR BUT AS WE HAVE BEEN TOLD FROM THE IRAQI GOV -- AND ALSO HAVE SEEN WITH THE ORDERS GIVEN WITH THE DIRECTIVES -- THEY WILL DO THE INTERNATIONAL EQUATION FIRST TO ENTER THE MARKET. THEY WILL HAVE TO CALCULATE THE DINAR VALUE FIRST AND THEN HOW IT IS IN THE MARKET WILL BE SEEN. THERE ARE MORE WAYS TO PUT THE CURRENCY AS IT GAINS --- NOT JUST FLOAT OR FIXED -- THE MARKET HAS MORE OPTIONS -- THE THING IS THIS -- EITHER WAY (UNKNOWN TO MANY) -- CBI HAS THE POWER TO ADJUST THE RATE TO AVOID INFLATION. THE CENTRAL BANK HAS THE RIGHT TO ADJUST THE RATE AND USE OTHER TOOLS TO MINIMIZE INFLATION -- IN FACT THAT IS THEIR JOB -- I HAVE THAT IN INK. [post 1 of 2....stay tuned]
4-29-2015 Newshound Guru Kaperoni Article quote: "A source in the Council of Ministers Vice President Nuri al-Maliki Army is behind the massacre of misleading campaign blather. The source added that everyone knew the truth of this rumor, which aims to destabilize the security situation is directed against the security forces... ...he needs to go. He continues to interfere with the new government. The false stories and misinformation is sole to create protests...which are in essence, against the new Abadi government.
4-29-2015 Intel/Newshound Guru tman23 [Do you think its probable that we wake up one morning and see the exchange rate $3 or over?] To commit to the word "probable" would be through the IQD RV Goggles...Replace probable.....with "possible"...IMO it is very possible.
4-29-2015 Intel Guru DC [via Adept1] I am VERY excited. We are in a very good place, and I’m pleased and happy with the situation. Iraq is prepared, with actions in the banks, CBI, all the ministries, Abadi’s office, the Council of Ministers, Federation Council, etc., and we are just pumped about their actions. I will not give details because it’s not the right thing to do. I’m excited! In the USA, they have been preparing for the last 3-4 days, with bankers on call and in place... Everybody is prepared for this throughout the world, bankers, security staff and all the rest. ...it could take another five days, so we’ll wait and see how it turns out. The actions taken are hard to refute, and we have had some stellar sources who have helped us get here.
4-29-2015 Newshound Guru Adam Montana There's been a wild flurry of rumors that the HCL was printed. Unfortunately, I cannot verify it so I have to say they are wrong. I'm confident that we have an HCA [Hydro Carbon Agreement], but the L [Law] is not yet with us. I'm also confident that things are still moving in the right direction for us, more so than at any time in this entire ride! Articles: "Baghdad sends Kurdistan's entire check for the month of April" "Kurdistan says all issues are resolved on oil trade with Baghdad, and is freely sending the oil that Baghdad is entitled to." we haven't seen cooperation like this not just in years...but ever! Those two [articles], all by themselves, is reason to be positive! But wait, it gets better! Baghdad says they will be sending more money to Kurdistan... Kurdistan freely producing higher amounts of oil and shipping to Baghdad. Baghdad and Kurdistan have fought for YEARS, neither one giving an inch...and now they are performing better than they have to? This isn't rocket science - this is history and a plain-as-day painting on the wall...That they are acting upon the Agreement with no problems is all the proof I need that we will be seeing an actual LAW finalized, officially, soon.
4-29-2015 Intel Guru TNT Tony [via Adept1] I am super-fantastic today – good, good news! On Friday morning, because of everything we thought was about to happen, they told the people “what you are waiting for is here”. So what does ‘here’ mean? I’m feeling that here means OUR interpretation of here, say, within five days. I want you to be excited because we are excited. Finally here means HERE. We have received nothing but good information in the last 24 hours. Iraq has told their people that it’s here, and we’ve been told that it’s here, using our definition of ‘here’. Everyone is cautious, excited and touchy, so we didn’t go into details but they are great. Some people are saying we need to wait for certain things, and they are being done, and some things are still being worked on to make this even better. You’re not at the bank yet, but there is reason to be happy. ...they didn’t make the announcement today – but that is not because they couldn’t have. They chose not to, although another few days won’t hurt us.
4-29-2015 Newshound Guru wmawhite The current 50 IQD notes are forever gone by at mid night tomorrow. At mid night tomorrow they do not exist...and this is where it gets good for us...three weeks ago the cbi told everbody to expect a 50 and 100 IQD note with the like value of 50,000 IQD and 100,000 IQD. How can a 50 IQD note that today is valued at $0.045 become worth $43.00...or a 100 IQD note that today would be valued at $0.09 become worth $86.00? this is what the CBI is telling the citizens of Iraq. They remove a 50 IQD note because it is not used/no security and it is not used because its value is only $0.045 but then say look for these new notes worth 1,000s of times more value.
4-29-2015 Intel/Newshound Guru tman23 The investment law is KEY. Recall back in early November right after Jabouri hosted Moshen (CBI Gov) the investment law was set to be read and voted on...at the 11th hour Abadi asked Jabouri to table it until further notice. When the investment law goes IT ALL GOES... And it has to be done before the 2nd semester of financials (July). The question is will they begin the second half of the year with 3 zeros? Logic says you open up the economy with new accounting in place AND not months after investors flush a ton of money in banks. The investors will bring liquidity...The investors that have been sidelined for the past year have been unable to withdraw total funds because of "lack of liquidity". They are waiting on this investment law...AND remember Barzani said that Kurdistan will not open it's economy dealing in 3 zeros...And it has been said continuously that sidelined investors won't wait another 6 months on the sidelines.
4-29-2015 Newshound Guru Aggiedad77 Article: "Najiba Najib: World Bank loan is not enough to fill the budget deficit" The intent of the IMF loan(s) was always meant to simply tide the Iraqi government "over" for a short period of time, giving PM Abadi time to take action...has he done that...is he in the process of doing that...he's certainly made some bold announcements this week, or his staff of ministers have made bold statements...The opening of the remainder of the budget (the "other" 70%)...the "full" payment to the Kurds for the month of April...economic promises to Basra...how can that be that he expects each of these to happen...Where will the money come from...he does not have an IMF tree, or a World Bank tree from which to harvest as he chooses...he must be looking at what he promised in America would happen...release the RI and shake loose the shackles that bind Iraq today.
4-29-2015 Newshound Guru Millionday Article quote: "Economic Commission representative confirmed that the Kurdistan Regional Government's commitment to the agreement the oil agreement between them and the federal government, as pointed out that Baghdad would send the Kurdistan region's share of the full budget this month." FINALLY THE OIL AGREEMENT AND ERBIL AGREEMENT IS DONE AND IRAQI FEDERAL WILL BE SENDING ALL OF KURDISTAN FUNDS THIS MONTH... SOUNDS LIKE COMPLETE CONFIDENCE IN THE HCL BEING DONE.
4-29-2015 Newshound Guru Kaperoni Article quote: "Finance Committee demanded in the House of Representatives issued a fifty and a hundred thousand dinars categories, as well as reducing the customs tariff imposed on traders, to maintain the stability of the market and re-dollar natural position..." Sure sounds like something is going to start. Especially since the 50 is retired April 30th. May could be very interesting month!
4-29-2015 Newshound Guru Millionday [I see the liquidity still an issue in Iraq? If So ...what are the steps being taken?] THE LIQUIDITY IS REPORTED TO BE A TOPIC FOR DISCUSSION BECAUSE THEY ARE TRYING TO PROTECT THE INTERBANK MARKET -- THEY ARE MEETING ON THIS AND DECIDING ON WHAT TOOLS TO USE -- WE CAN GATHER THAT FROM THE REPORT WE HAD FROM SALEH -- HE IS GIVING HIS OPINION ON WHAT TO DO. THEY HAVE ALOT ON THE TABLE TO PASS ALL THE LAWS THEY HAVE IN PLACE -- HOLIDAYS ARE CANCELLED AND THE EXECUTIVE BODY IS MEETING AS WELL TO PREPARE ALL LAWS THAT IS NEEDED NOW -- NOTE -- THERE ARE MANY THINGS THAT THEY HAVE REPORTED THEY ARE WORKING ON -- OBVIOUSLY WE ARE GOING TO SEE MANY STEPS IN THIS PROCESS -- THEY HAVE ANNOUNCED THAT THEY ARE ACTIVATING THE REFORM PACKAGE --
4-29-2015 Newshound/Intel Guru Bluedog MALIKI ...SOON YOU WILL BE TOAST...JUST IMO.
4-28-2015 Newshound Guru Millionday "The head of the Supreme Islamic Iraqi Council Ammar al-Hakim on Monday the importance of the adoption of the principle of compromise and to reassure all of the components and not without each other, stressing the principle of a single basket in the adoption of important laws" HAKIM IS SAYING THAT THEY NEED TO HAVE ALL THE IMPORTANT LAWS IN A ONE BASKET VOTE BECAUSE THEY ARE RELIANT ON EACH OTHER -- THEY NEED TO HAVE THESE LAWS ALL IN PLACE AT THE SAME TIME. SO THIS IS HUGE -- ALL LAWS COULD BE VOTED IN A ONE BASKET VOTE. THIS WOULD ALLOW THE RELIANCE ON EACH OTHER CONSTITUTIONALLY AND LEGALLY TO NOT BE BROKEN. THEY ARE WORKING EXTENDED HOURS AND SESSIONS AND HAVE MULTIPLE COMMITTEES WORKING AS WELL. WHOOOPOW.
4-28-2015 Newshound Guru wmawhite If the staus of the IQD does not change...then Iraq will not be able to accomplish all of what they have told the world they want to accomplish. It is not us putting words into their mouths. It is them telling the world.
4-28-2015 Intel Guru Bulldog75 Please watch closely as this all comes together for there's a reason for everything and why the GCR has taken so long. The pieces of the puzzle are slowly coming into play, or should I say slipping into place...Gold is a currency and that price will reset first. Watch the EAST because they have the gold.
4-28-2015 Newshound Guru Aggiedad77 Abadi continues to vocalize support for Basra and their economic plight as well as for Anbar and the tribal leadership there who continue to fight DAASH cells...the Iraqi Security Forces are showing they are to be reckoned with in the province...unity abounds...cooperation is swelling all over Iraq for Abadi and his government efforts...The minuscule noise that you hear against him is coming from Maliki supporters...those that are left and their noise is but a tweak at this point...there is a growing national partnership that is more and more evident each day not only in the government but from all Iraqis. I'm excited about what has been happening...what we saw from today and I look forward to what the remainder of this month can show us and the world and what May holds in store for all involved...remember...the BEST is yet to come. [post 2 of 2]
4-28-2015 Newshound Guru Aggiedad77 ...this has been a really stellar day for Iraq I believe...we've seen confirmation of at least 2 loans from the IMF, mention of a possible third loan...talk of possible money from the World Bank...the discussions that PM Abadi had with the Parliament today...basically threw the gauntlet down in front of the Maliki supports...and we believe the ones who may have gotten a pink slip today may have been Maliki supporters as well. Abadi is showing he can play hardball and he is not intimidated by threats or accusations from those who blindly stand with M. We saw a commitment by the Baghdad government that leads us to believe a "full" payment is to be made to the Kurds for April...whoooorahhhh on the Kurd efforts for the month of April to get their exports up to par. [post 1 of 2....stay tuned]
4-28-2015 Newshound Guru Millionday [Do you...think the ultimate people at the top in charge of this process have a deadline date they are following? Or do you think this whole thing is event driven? i.e. when everything needed is done, it will happen then and only then?] I WILL GIVE MY OPINION ON THIS...I THINK THAT A PLANNED EVENT OF THIS SIZE HAS TO HAVE A DATE -- ANYTHING ELSE DOES NOT MAKE SENSE TO ME.
4-28-2015 Newshound Guru wmawhite PM Abadi did not go the Davos and then to Berlin and then to D.C. to tell the world WAIT...we don't want you or need you now. His message has always been now not later. They are wanting to do this as soon as they can pull it off successfully. [OK WE WAIT FOR THEM TO PULL THE FLOOD GATE.] Actually, IMO, no. IMO the status of the IQD will change PRIOR to the flood gates opening, the laws passed, etc., etc.
4-28-2015 Newshound/Intel Guru Bluedog THEY FLOODED THE MARKET WITH DOLLARS AND MADE IT SO IRAQIS WOULD TRADE DINARS IN FOR DOLLARS...TURN IN THOSE [DINARS] IN...AND SWEEP THEM OFF THE MARKET...AND READY YOURSELVES FOR THE LD's...IMO.
4-28-2015 Newshound Guru Aggiedad77 Article: "...Abadi has promised to introduce the allocation of funds to Basra, the Council of Ministers" PM Abadi has promised the Basra council that he will go before the COM and ask for funds in which Basra will be able to stimulate stalled projects...he made this promise but does not indicate as to when it might come to fruition... where will the money come from unless you RI...get on with the show then.
4-28-2015 Newshound Guru wmawhite ...keep in mind with all of the anticipation of the many laws, i.e. HCL, Investment Law, that these laws will open up the flood gates to the world of investors...except for one very important issue; the status of the IQD. First item, the IQD needs to be accepted/traded between countries. Second item, Iraq doesnt want to open up their country to the world with their currency valued at $0.00086 per 1 IQD. Therefore, by the time all of these laws are passed, IMO, we will have what we have always needed and all of those laws will been behind us.
4-28-2015 Newshound Guru Millionday [when does Ramadan begin and do U see this coming to fruition by then?] [Ramadan June 16 to July 18] I HAVE NOT SEEN A DATE IN INK YET BUT IF I DO -- I WILL BRING IT! HOLIDAYS ARE CANCELLED IN MAY...I FOUND IT VERY INTERESTING THAT JUST MAY WAS CANCELLED AND TO GET ALL IMPORTANT LAWS DONE. I KNOW THEY ARE WORKING ON THE DIRECTIVE LIST AND THE PAPERS HAVE BEEN SIGNED FOR THE FUNDING WITH THE WORLD BANK AS WELL. ALSO THEY HAVE BEEN TOLD TO ACTIVATE THE REFORMS AND THE STRATEGIC FRAMEWORK AGREEMENTS AND THE SOVEREIGN WEALTH FUND IS BEING ESTABLISHED AND THEY ARE PROTECTING THE INTERBANK MARKET. ALL ARE VERY IMPORTANT STEPS AND WITH THE LAWS THEY ARE WORKING ON THROUGH THE HOLIDAYS -- IT SEEMS TO ME THIS IS A VERY IMPORTANT STAGE. I AM EXCITED WITH ALL THE ACTION WE ARE SEEING.
4-28-2015 Newshound/Intel Guru Bluedog THE NATIONAL GUARD LAW IS JUST IN A PING PONG GAME..IMO...THIS HAS ALL BEEN AGREED UPON...BUT I THOUGHT LAST YEAR THIS COULD NEVER COME TO BE WITHOUT FUNDING AND IRAQ NEEDS TO UNLEASH THE 2015 BUDGET IN FULL IMO WITH THE RI RATE... THEN THIS BASKET LAW WILL BE UNLEASHED. THEY NEED THIS TO PROTECT INVESTORS WITHIN THE COUNTRY...THIS IS A >>> MAJOR LAW <<<. IT WILL BE ADDRESSED IN THE NEXT FEW DAYS. LETS SAY WHATS IN THE BASKET.
4-28-2015 Intel Guru Frank 26 Abadi arrived in DC...it was a very quick visit with O [Obama]. In that process Abadi goes and talks to different departments and asks for certain things. Abadi asked for some money because originally the IMF turned him down. And we were all excited thinking that the IMF wouldn’t give Iraq any more money. Then 48 hours later they gave them some money. Abadi went back to Iraq and told Dr. Shabibi that they have a little extra time. Abadi gets chewed out...told that he is doing a good job BUT they told him to get something’s done...to convince Dr. Shabibi that he was given the green-light and unless Dr. S is colorblind what is wrong with him? The US wants this done before Ramadan! So Abadi goes back to Iraq...meets with Governor of CBI telling him to get this thing done that they gave them just enough to get thru April. There is a push from Abadi onto Shabibi and the CBI to get the MR [Monetary Reform] done. The CBI books cannot give you a date but the info leaking out is a rate. It appears to start out at .85 cents to about a dollar. That is a rate... The dinar is going to go International pretty soon ...at a new exchange rate!
4-28-20215 Newshound Guru Millionday ...THEY HAVE BEEN GIVEN THE LIST OF DIRECTIVES AND ARE SETTING UP THE SWF ---SOVEREIGN WEALTH FUND. THE EXECUTIVE BODIES ARE WORKING ON THE LAWS THAT WILL BE PUT IN PLACE FOR THE NEW ECONOMIC DEVELOPMENT. Article quote: "The House of Representatives ended at its first session, which was held on Monday under the chairmanship of Vice-President of the Council Hamoudi and the presence of 229 deputies the second reading of the investment law." THEY HAVE MET AND COMPLETED THE SECOND READING TODAY -- THIS IS GREAT -- IT IS READY FOR A VOTE.
4-28-2015 Newshound Guru Kaperoni Article quote: "the Governor of the Central Bank, on the Keywords, Sunday, the government to carry out economic reform processes to maximize other resources is Alinvt.oukal Keywords: "It is necessary to activate a lot of procedures that restore financial and economic system in the country," and urged "reform process large enhance efficiency, financial, economic, achieving addressing the economic situation in the future." Currency reform is clearly identified as a necessary step for the market economy/investment to succeed. One way or another they will get there. 35 million Iraqis, jobs and prosperity are our motivation to see it happen. We just need to be patient for however how long that takes. Ali al Allaq is pushing all the right buttons asking the GOI and parliament to do there part so he can do his.
4-28-2015 Intel/Newshound Guru Backdoc AGAIN WE ALL KNOW THE DIFFERENCE OF A: IR - INDEPENDENT RATE .86 TO 1.30; RI - RE-INSTATEMENT FIRST WINDOW 3.93; RV - REVALUATION 3.93...INCREASE IN OIL PRODUCTION AND MINING...HIGHER? THE RI IN THE STORY HAPPENS IN THE FIRST WINDOW NOT OCTOBER! IT IS MY OPINION THAT AN RV OR AN ADJUSTMENT HIGHER AFTER OIL PRODUCTION AND MINING HAS A CHANCE TO INCREASE BETWEEN THE RI AND OCTOBER OR EARLY FALL. I ALSO BELIEVE ITS POSSIBLE THAT KUWAIT WILL ALSO ADJUST THEN WHEN THEY RELEASE THEIR NEW CURRENCY!! [The way I read it was that "restored to former glory" happens in the 1st window. That would be $3.21 PLUS >20% (@$3.86-3.93), then a projected "bonus increase" (or RV) in October for the IQD that will take it from the already established by then (@$3.93) to whatever the IMF rewards Iraq when Kuwait introduces their new currency. So I read it as 3.93 within the FIRST WINDOW.] YOU ARE DEAD ON BROTHER!