1-8-2015 Intel Guru Delta URGENT FROM IRAQIA TV: "GOVERNMENT OF THE ECONOMIC COMMISSION HAS TAKEN MANY OF THE ECONOMIC AND FINANCIAL DECISIONS THAT WILL BOOST THE ECONOMY". KEEP IN MIND THAT THE CBI GOV IS A MEMBER OF THIS COMMITTEE! [ I would be so excited to read that you had heard on Iraqia TV that PM Abadi just announced Dr. S [Shabibi] has retaken governorship of the CBI.] YOU WILL ...BUT IMO WE WILL SEE THE CHANGE BEFORE THAT. DATE IS ALREADY SET!
1-8-2015 Newshound Guru Adam Montana [do you think the low gas prices as of late would give speculation that Iraqi will RV soon [and] where will the trillions of dollars come from when a RV occurs...?] The price of oil doesn't have anything to do with "if" or "when" they RV, but it could have an impact on the RV amount. We'll just have to wait and see what they do with that one. Regarding where the money comes from to cover the increased value, that's easy. ...they won't be handing out physical cash to cover your currency. That's the beauty (and shame) of all fiat currencies like the Dinar or the USD. As long as the world will accept Iraq's promise to honor the value they state their currency is worth, that's all that matters. Iraq has vast amounts of liquid gold, their production keeps increasing, they continue to make positive progress with their government, etc etc... all that adds up to bolster their credit-worthiness.
1-8-2015 Intel Guru TerryK THEY ARE HEADING IN THE RIGHT DIRECTION...EVEN THO OIL PRICES HAVE SLUMPED THEY HAVE A WAY OF COMPENSATING IT AND ARE WORKING TOWARDS THAT. THE CALL I WAS JUST ON WITH A GLOBAL SECRITIES [SECURITIES?] PERSON TOLD ME THIS IS OUR WEEK...LOOKING AT THIS WEEKEND.
1-8-2015 Newshound Guru Tlar Recent articles from Saleh arguing the position of postponing the project until 2016 could arguably suggest he is trying to stop the project because it is scheduled to launch soon. While that's just speculation on my part I can't help but see bits of proof here and there that the project is ripe for implementing. My concern is two fold. One is Saleh and his desire to see the project postponed again. The other is KEYWORDS and who does he really answer to. The fact that Maliki asked him, "Maliki's appointee" to protest Shabibi's aquital suggests that there might be a deeper relationship there between he and Maliki and that Maliki thinks he can still influence this outcome. Time will tell whether this is a true concern... So to me KEYWORDS is an unknown as to where his loyalty truly is. Is he part of the new Iraq or a wolf in sheeps clothing.
1-8-2015 Intel Guru SteveI Article Quote: "Parliament did not complete the second reading of the Budget Law due to disputes over the financial deficiency," This does not at all surprise me. This will never get done unless they do more voting and less discussing... They can pass all the laws they want and make all of the monetary reforms they want, but unless their rate changes, it is all for nothing.
1-8-2015 Intel Guru WILDDUCK [Do you have any thoughts on where we stand as far as the RV/GCR?] RIGHT NOW QUIET IS A GOOD THING IMO. MEANS PEOPLE ARE WORKING. [IYO who is holding this ball? Is it Iraq, The IMF, the UST, The US Gov...? Who gets to push the button?] NONE OF THE ABOVE AND NO HOLD UP IMO.
1-8-2015 Newshound Guru Millionday TREASURY BONDS ON THE ISX AND READY TO GO -- REMEMBER THAT THE 11TH ISX OPENS BACK UP...GREAT NEWS. INVESTORS WILL BE ABLE TO INVEST ON THE ISX IN IRAQ THROUGH THE PURCHASE OF BONDS THAT WILL MATURE WITH GAINS AS THEY GROW THEY HOPE. [will they do that at the reality rate? or at the imposed rate?] WE SHALL SEE -- I WOULD GUESS REALITY AND CALCULATED AS INTERNATIONAL COMPLIANCE BUT WE SHALL SEE IF THEY ARE READY TO GO.
1-8-2015 Intel Guru Frank26 URGENT FROM IRAQIA TV: "FINANCIAL COMMITTEE OF THE PARLIAMENT: WE HAVE TO ACTIVATE THE ECONOMIC REFORM AND PRIVATE SECTOR ASAP TO HELP THE INVESTMENT PART OF THE BUDGET." Which will be activated by a Currency Rate Reform ...Surely not at 1166.
1-8-2015 Intel Guru Mnt Goat The odds are the they will try to meet the Jan 11th date since the finance committee and the CBI also desires to have the ISX start international trading with the live links to the global money exchanges and do it on Jan 11th and they need the IQD rate to be live and a tradable rate. So when can we expect to see the RV? I am still in the notion of the window of opportunity between today Thursday 1/8 and Sunday 1/11 sometime. This is contingent upon getting the budget bill deficit cut done and getting parliament to vote on the final bill prior to or on Jan 11th. [post 2 of 2]
1-8-2015 Intel Guru Mnt Goat ...what truly happened in parliament yesterday on Weds Jan 7th...The session of parliament conducted the second reading and the budget bill was read. The fact is they were not impressed with the changes made by the GOI to shrink down the deficit and are thinking about shrinking it yet even more. Yes –it is not "done" as I said it may get kicked back to the GOI once again for more changes after the second reading...we should not have to wait much longer since their new target is Jan 11th...if we do not see the budget bill passed by a voting session by Monday morning then we can expect to wait until Jan 20th as our next target date. [post 1 of 2....stay tuned]
1-8-2015 Newshound Guru Tlar The CBI has stated through the years that they needed government to insure a successful project. They have that now and I think that is the game changer and that they are quickly trying to implement the project at this time. I believe that they need a reality rate if they are to insure the progress they have made to this point. That's why I think by the time the ISX goes live is the best window we have ever seen. Its only a few days away now to know whether or not this comes to pass. [post 2 of 2]
1-8-2015 Newshound Guru Tlar I feel very strongly that the delete the zero program is on and that the study done in 2008 that suggested they could support the currency back then at $1.13 has since been modified based on the changes that the country has gone through. If I remember correctly the oil production in 2008 was 1.5 ish mbpd and the CBI reserves were in the low 30 billionish. So again we see both the production is up (closing in on 4 mbpd) and the CBI foreign cash reserves are way up (I would argue at over 100 billion even though they continue to espouse 70 billion = Gold, Cash and BIS) We could assume that if they could support $1.13 in 2008 that that number could be much higher by now. [post 1 of 2....stay tuned] [What do you feel "delete the zeros" means? Vote in the poll above]
1-8-2015 Intel Guru Delta URGENT FROM IRAQIA TV: FINANCIAL COMMITTEE OF THE PARLIAMENT: WE HAVE TO ACTIVATE THE ECONOMIC REFORM AND PRIVATE SECTOR ASAP TO HELP THE INVESTMENT PART OF THE BUDGET.
1-8-2015 Newshound Guru sczin11 CONFLICTING REPORTS, BUT CONSENSUS IS BUDGET WAS READ, MAY OR MAY NOT BEEN COMPLETED, BUT THEY WILL MEET AGAIN TOMORROW [THURSDAY], AND ITS ON AGENDA FOR READING , AND THEY HAVE STATED SATURDAY IS NEXT MEETING, AND MULTIPLE CONFIRMATIONS THEY WILL DEAL WITH BUDGET AT EVERY SESSION TILL APPROVED.
1-8-2015 Newshound Guru Adam Montana [...do you see a true end in sight for this adventure?] It's been a long time since I felt comfortable using the word "soon", but yes - I think this is coming to an end SOON.
1-8-2015 Newshound Guru Millionday [did they pass the budget or did they put it off til Thursday?] Quote: "Published by all of Iraq [where] the parliamentary finance committee report on the federal budget for fiscal 2015, which was read today in the parliament session." ACCORDING TO THIS IT WAS READ AND PUBLISHED SO NOW THE VOTE OR THE VOTE HAPPENED -- WE WILL KNOW TOMORROW [THURSDAY] OR A DAY OR SO. [was it published in the Gazette?] IT DOES NOT SAY THE GAZETTE -- I WOULD SAY ITS COMPLETION WAS PRINTED AND IS DONE TO BE VOTED AND PRINTED IN GAZETTE. [...if they finish the 2nd reading tomorrow, don't they still need a 3rd reading? And is there a mandatory 4 day wait between the two?] THEY HAVE CHANGED THE RULES SOME TO EXPEDITE THE BUDGET SO WE SHALL SEE IF THEY WAIT THE FOUR DAYS THEY STATED THEY WOULD READ THE SECOND TIME AND VOTE IN ONE DAY SO WE SHALL SEE. TODAY WAS SECOND READING.
1-6-2015 Newshound Guru sczin11 ISIS IS A NON FACTOR AT THIS TIME...THEY WILL BE GONE SOON ENOUGH, THERE IS PLENTY OF MILITARY SUPPORT TO PROTECT THE IRAQI INTERESTS DURING THIS TIMEFRAME, JMHO...TURKEY, KUWAIT, QATAR, IRAN, AND...SAUDIA ARABIA... THE ABOVE COUNTRIES ARE RACING IN A HURRY, NOT ONLY SIGNING AGREEMENTS AND 100'S OF MOUS IN LAST 2 WEEKS, BUT OPENING EMBASSIES AND CONSULATES ALL OVER IRAQ, EVEN OUTSIDE GREEN ZONE...MANY EXISTING BLDNGS BEING RENOVATED AND REBUILT.
1-6-2015 Intel/Newshound Guru Poppy3 TOMORROW IS A SRONG [STRONG?] BUSINESS DAY IN IRAQ. THEY HAVE BEEN ORDERED TO ARRIVE EARLY FOR A MEETING TO READ THE BUDGET AGAIN AND JUST AFTER NOON EXPECT THEM TO VOTE . I DON'T REALLY EXPECT THE NEW RATE BUT DO EXPECT US TO ALL HAVE A BETTER PERSPECTIVE OF THE TIMING IT WILL SHOW. I HAVE STATED AND STILL BELIEVE THE RATE CAN SHOW ANYTIME DAILY. I EXPECT TO BE SURPRISED VERY SOON WITHOUT WARNING. WHEN WE LEAST EXPECT IT. STAND BY AND BE OF GREAT CHEER THE END IS NEAR. [do they have to wait 4 days vote?] NO THEY EVEN SAID YESTERDAY THEY PLAN TO VOTE TOMORROW.
12-6-2015 Newshound Breitling ISIS…Is it costing the value of the dinar? Big NO. The dinar is not at it’s market rate. They have too much notes out there. The currency never was at it’s market rate. The dinar is not at it’s real market value. Why would Iraq print so many notes? To build the country cheap…the process is 3 phases… 1. infrastructure on the cheap (this is how we got in the dinar here) Phase 2. Form middle class—purchasing power. Phase 3. Elite economic power. We are at the mercy of the CBI…but they continue to say they are going to increase the value.
1-6-2015 Newshound Guru Kaperoni "Agenda of the meeting (1) Wednesday (7) in January 2015" Looks to me they will read the report from the Finance Committee on the budget but will not read the budget for a second time tomorrow.
1-6-2015 Intel/Newshound Guru Backdoc ...THE BUDGET WOULD BE IMPACTED IN A POSITIVE WAY WITH A RE-INSTATEMENT! THIS IS ONLY MY OPINION! I BELIEVE A RATE LESS THAN 3 DOES DAMAGE TO THE NOTE COUNT THEREFORE A RATE OVER THREE IS WHAT I BELIEVE WE WILL SEE FOR A RE-INSTATEMENT! MY THOUGHTS ARE PURELY BASED ON THE NOTE COUNT AND THE FACT THAT PREVIOUS BUDGETS WERE BASED ON DOLLARS! ...1.16 WHICH IS ANOTHER POSSIBILITY BUT I DOUBT THAT WOULD HELP THEIR BUDGET PROBLEMS AND NOT BE A SIGNIFICANT REASON TO GIVE UP THEIR DOLLARS!
1-6-2015 Newshound Guru sczin11 [do you think Shabibi has a part in the end game?] IT IS PROB THE MOST IMP [IMPORTANT] THING I AM WAITING ON, THE FORMAL ANNOUNCEMENT THE DR. SINAN AL SHABIBI, IS BACK AT THE HELM OF THE CBI. R. SHABIBI WROTE THE PLAN FOR MONETARY REFORM, AFTER THE INVASION...DR. SHABIBI WAS SET TO EXECUTE THE PLAN...UNTIL MALIKI SAID OTHERWISE... DR. SHABIBI HAS CONSULTED FOR IRAQ WITH THE IMF...DR. SHABIBI HAS THE KNOWLEDGE OF ECONOMICS, MATH, AND BANKING...DR. SHABIBI FOLLOWS RULES AND TRANSPARENCY...DR. N SHABIBI DOESNT GIVE IN TO CORRUPTION...DR. SHABIBI DESERVES THE HONOR, OF RAISING THE VALUE OF THE IRAQI DINAR...TO ITS REALITY RATE.
1-6-2015 Newshound Guru Chattels Today is Army Day in Iraq, an annual Holiday at the CBI. Market Rate(s) were posted for the past two auction at 2,017.
1-6-2015 Intel/Newshound Guru Poppy3 I ...AM EXCITED ABOUT TOMORROW AND PRAYING ALL GOES GREAT IN TOMORROWS MEETINGS IN IRAQ. I HOPE THEY ALL...CONTINUE THE MOVING FORWARD.
1-6-2015 Intel Guru TNT Tony Breaking: Iraq's Central Bank announces plans to implement dinar revaluation by end of January 2015.
1-6-2015 Newshound Guru Chattels Qrticle quotes: "...on Tuesday, that the parliament session tomorrow will be devoted to discuss the report of the Finance Committee on the general budget of the second reading of the law with the law..."noting that" after completion of the discussion of the report will be read law a second reading. " Ihsanoglu said he "will adjourn the meeting after that to several days, because the law requires to four days between reading and vote. " i have said on several prior occasions that a second reading and vote would not be accomplished on the same day there is a four day waiting period after the second reading...so, the earliest that a vote could be scheduled after a second reading tomorrow is Sunday, January 11, 2015.
1-6-2015 Newshound Guru sczin11 Article quote: "Announced the decision of the House of Representatives Niazi Ihsanoglu, on Tuesday, that the Council will read the report of the Finance Committee of the budget bill in the Wednesday session, and that the Finance Committee and chairman of the parliament are working on completing the budget and not to bring it back to the government." VERRRRY INTERESTING WORDING. TO ME, THIS SAYS THEY WANT TO READ IT TOMORROW, AND BE READY TO VOTE! NO NEED TO SEND IT BACK FOR REVISIONS...
1-6-2015 Intel/Newshound Guru tman23 ZEBARI WHO IS THE FINANCE MINISTER AND A KURD IS WARNING THE KURDS NOT TO SELL OIL OUTSIDE FEDERAL CONTROL...THIS SAYS IN 20 WORDS AND LESS THAT THE KURDS ARE GETTING ANXIOUS AND TIRED OF SUFFERING DUE TO THE GOI ...IN OTHER WORDS PRESSURE IS ON! IMO...Be it the Good, the Bad, or the Ugly...We will know the fate of this speculation for certain January 21st...call the 21st the back wall if you will.
1-6-2015 Intel Guru DC [via Adept1] [Christine LaGarde has said twice that there is no such thing as a GCR…] They say that in public, but behind the scenes it is different. They have “a long overdue currency alignment to justify BRIC alignment to the modern environment.” That is a GCR. [As far as the currency brokers, how soon will the brokers know when this pops?] It will take less than two minutes. Their sites will go down, they will change the rates, and their sites will come back up.
1-6-2015 Newshound Guru Millionday [...where do I need to look for to know the RV has happen and go to the bank?] CBI AND THE FOREX MARKET AND BANKS... [The official CBI rate is listed in the Dinar Guru Resource bar on the left of this page]
1-6-2015 Intel Guru TNT Tony [via Adept1] On Iraqi television right now, they say the budget is being revealed this month...They have already said that once the budget is implemented, the economic reform will follow immediately – this month. We did get a time frame from Iraq, and they didn’t say it to their people so I don’t think we should give it out either. ...the rates went live in the UK, and it was $3.89 (US). We know people scheduled to exchange today. They are anticipating that this is going through. I’m looking for it from Tuesday on.
1-5-2015 Newshound Guru sczin11 Article: "Zebari announce the allocation of funds from the budget in 2015 for the implementation of Article 140" HUGE BREAKING NEWS...ARTICLE 140 WILL BE FUNDED IN THE BUDGET. [ I read that article about the budget and art 140, very good news. Does that mean we could see the RV with art 140 done?] THAT IS ONE OF THE THINGS NEEDED.
1-5-2015 Intel Guru DC [via Adept1] Everything was ramped up and ready to go, then they had minor budgetary issues and some other issues with the amnesty laws that didn’t appeal to the US...we believe that the amnesty questions have been solved or close to it. Why is this important? A ton of money will be flowing to Iraq, and we need to make sure it doesn’t end up in corrupt hands. It was also a delay tactic by a few people, used to justify these few changes. Now everyone is back on board, getting things ready. In the USA, the banks were told on Friday to ramp up for possibly Tuesday... People like to debate if it’s an RI or an RV. According to Shabibi, a reinstatement restores the dinar to its former level, which would be $3.22 plus inflation. They can then have an RV later...
1-5-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee announced that it will be completed today to discuss the federal budget for next year as a prelude to read within the parliament in session on Wednesday." WE DID SEE A REPORT THAT THEY PLAN TO READ AND VOTE IN THE SAME DAY...WHICH IS SCHEDULED WED... [Does this also have to be posted in the Gazette to be official? Any idea on a timeline if it does?] IT WILL BE PRINTED RIGHT AWAY AND HAS BEEN PRINTED IN THE PARLIAMENT SITE AS WELL...
1-5-2015 Intel Guru TerryK RI RV IS KNOCKING AT OUR DOOR. [Do you think we will get the RI first? Will that be at the $3.00+ rate? If so, then when do you think it will go up to a good rate like $6 to $8?] THIS IS HOW IT WAS PUT TO ME BY MY UST/IMF CONTACTS WHICH THEY BOTH AGREED...WE MOST LIKELY WILL SEE THE RI WHICH WILL MEET WITH THE KUWAIT AGREEMENTS NOT TO EXCEED .50 BELOW OR ABOVE THE KUWAIT CURRENCY, THIS IS IN CHAPTER 7 AGREEMENT...AFTER 48-72 HOURS THEY ARE OR MY [MAY?] RV THE CURRENCY BASED ON NEW VALUE. AFTER THAT YOU MAY SEE THE FLOAT NOT TO EXCEED 2%. WHAT IM HEARING IS 3.56...THEN 8.16 WITH A MANAGED FLOAT.
1-5-2015 Intel Guru Delta ESX Website Update!!! ERBIL STOCK EXCHANGE NEW LOOK!!! THEY ARE WAITING FOR THE RATE LIKE ISX.
1-5-2015 Intel/Newshound Guru Poppy3 I AM EXPECTING RATE ANYTIME BETWEEN NOW AND THE 20TH ACCORDING TO THEIR DATES... [FROM] STATEMENTS THEY HAVE MADE AND THAT IS AWESOME IF THEY KEEP MOVING LIKE THEY HAVE OVER THE LAST 2 MONTHS.
1-5-2015 Intel Guru Mnt Goat Also on Sunday 1/4 news from the finance committee was reported that the GOI has approved the second payment of $1,300,000,000,000 dinars to the Kurdistan region as part of the oil revenue sharing for late December and the month of January. It confirms that the 2015 budget is all but a done deal. It proves that HCL is a done deal. They agreed not send any money the Kurds without this 2015 budget being opened if they gear the payment off the budget figures and its payment schedule. In other words a confirmation to us who are following this saga that it is about to end. I see an excellent window of opportunity opening up from Thurs 1/8– Sunday 1/11 for an RV. Probably out best window yet. [post 2 of 2]
1-5-2015 Intel Guru Mnt Goat ...we all should know that the first reading of the 2015 budget was completed on Dec 25th and at this time it was announced that the second reading and voting would take place on Jan 7th. Iraq said yesterday (Sunday 1/4) they are still on target to hold this session of parliament for tomorrow, on Jan 7th . The plan is still to conduct the second reading and vote during this same session. They are also still saying they plan to fully implement the budget at this time as it will be posted in the gazette. The budget will be retroactive to Jan 1st when it does come out. [post 1 of 2....stay tuned]
1-5-2015 Newshound Guru sczin11 Article: "Al-Bayati: the Saudis decided to open their embassy outside the Green Zone in Baghdad" HISTORY IN THE MAKING... SAUDIA ARABIA, AFTER A QUARTER OF A CENTURY ABSENT, NOT ONLY IS OPENING THEIR EMBASSY IN IRAQ, THEY ARE SO EXCITED, AND NOT CONCERNED ABOUT "STABILITY", THEY ARE OPENING...OUTSIDE OF THE GREEN ZONE!!
1-5-2015 Intel Guru TerryK SOURCE...IS TELLING ME HE IS HEARING RUMBLES THAT WE MAY SEE SOMETHING HAPPEN TONIGHT WITH REGARDS TO A RI.
1-5-2015 Intel/Newshound Guru Poppy3 HERE IS THE LATEST I HEARD TODAY AS A RUMOR BUT HAVE TWO OTHER PEEPS TRYING TO VERIFY. CALL ACTUALLY LAST NIGHT SAID VN [VIETNAM] MINISTER OF FINANCE TOLD BANKERS THEY WHERE PLANNING TO HAVE A RATE CHANGE SOONER THAN EXPECTED 6 MONTHS AGO...BEFORE 6 MONTHS AGO HE SAID 14 TO 18 MONTHS. I SHOULD HAVE DIRECT INFORMATION OF CONFIRMATION FROM INTERNATIONAL BUYERS TOMORROW SOMETIME SO AS OF RIGHT NOW IT IS JUST RUMOR. ...I AM EXCITED. THE DONG WOULD JUST SWEETEN THE PIE AND I HAD WRITTEN IT OFF FOR AT LEAST 18 MONTHS NOW THE POSSIBILITIES OF SOONER IS GREAT.
1-5-2015 Newshound/Intel Guru BGG Some very interesting findings by Enorrste [reference Enorrste's post 1-4-2015]...according to him the 90 day rule doesn't apply to Iraq... which is what I was implying would probably happen...If I understand this correctly (and I think I do...) they are neither a "fixed" or "floating" regime... I have referred to it as a "managed regime" - as it has been since 2003...it would appear once they make the initial jump they can make additional changes every 90 days and still be in IMF compliance...which I can easily see happening.
1-5-2015 Newshound Guru sczin11 I AM ASSUMING THE CBI ELECTRONIC TECHNOLOGY CONTINUES TO WORK, WHEN THE BANK SEEMINGLY IS CLOSED...SO WE WATCH THE UPDATES, AND HOPE TO SEE THE CHANGES WE ARE ALL EXPECTING...EVEN WHILE THE CBI IS CLOSED... THERE WAS A REPORT, ALTHOUGH SEEMS TO HAVE BEEN DELETED FROM THE SOURCE, THAT STATED CBI WOULD BE CLOSED FOR EXTENDED PERIOD OF TIME...VERY SIMILAR TO AFTER HOURS TRADING HERE ON THE STOCK EXCHANGES... THE BANK CURRENCY PAIRINGS, UPDATES 24/7...SO IT APPEARS.
1-5-2015 Newshound Guru wmawhite I continue to believe that any budget Parliament may vote on is worthless...useless unless the CBI FIRST changes the status of the IQD. If the budget...FIRST...needs the CBI to make a move...then IMO a logical date would be prior to the Parliament approving the budget, JMO, anytime prior to them showing the budget.
1-5-2014 Intel/Newshound Guru Poppy3 no such thing as gcr [Global Currency Reset] never has been and that was direct from CHRISTINE LAGUARDE'S OWN MOUTH...twice she said that.
1-5-2015 Newshound/Intel Guru BGG There is NO CREDIBLE DIRECT info that points to a long wait...in fact, quite the opposite. I talked to one of the best contacts anyone here can imagine in their wildest dream... and that's not what he said - FACT. in fact, the word he used was "immediate".
1-4-2015 Newshound Guru Enorrste I truly believe we are very close now to our objective, the beginning of the float. I would be greatly surprised if it did not start in the first quarter of this year, and am hopeful that it will begin after the passing of the necessary laws, which could occur this month.
1-4-2015 Intel/Newshound Guru Poppy3 [Poppy did you find that darn RV for us yet?] i am very satisfied we will find it this month sometime with the isx, budget, esx, laws, tarriffs all being Implemented according to their own words by at least the 20th so i am very relaxed. [do you think it might come in low?] COMING IN LOW WOULD NOT HELP THEIR CASH FLOW SITUATION NOR WILL IT ENTICE ANYONE TO INVEST OR OPEN BUSINESSES THERE. RATE WILL BE VERY GOOD. I SUSPECT THE LOWEST OVER A DOLLAR BUT I PERSONALLY EXPECT $3.00 PLUS RANGE . DR SHABIBI STATED MORE THAN ONCE THAT IRAQ DINAR WILL BE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST. KUWAIT IS AT $3.58 LAST TIME I CHECKED...
1-4-2015 Intel Guru TerryK ALOT OF NEWS OUT THERE, ALOT OF RUMORS AND NO RV IN HAND HOWEVER WITH THAT SAID, I'M HEARING THAT THE BUDGET WAS UNDER REVIEW TODAY AND ON SLATE FOR TOMORROW.
1-4-2014 Newshound Guru Enorrste Now, the one thing that is not obvious here, is that the IMF specifically refers to the rule applying to a country whose currency is NOT FLOATING. Therefore, the 60 days rule has nothing to do with limitations on Iraq, since they are in compliance and have been for over 3 years with their OFFICIAL RATE. ...the article...refers to "step adjustments." This would occur when a country changed its OFFICIAL RATE incrementally due to various forces. Iraq has not had to do this. So, the 90 day rule applies for leaving Article XIV to VIII, but it refers to the spread between the OFFICIAL RATE and the STREET RATE, while the 6 month rule deals ONLY with changes in the OFFICIAL RATE. [post 2 of 2]
1-4-2014 Newshound Guru Enorrste Article: "Why is IMF Article VIII so important and what are the obligations" It is true that Iraq is under Article XIV and that its current exchange rate regime is known as a "Stabilized Arrangement." This means that they are NOT in a "Fixed Rate Regime" and they are not in a "Floating Regime." Therefore, the rule stated in this article refers only to a situation in which a country is in a "Stabilized Arrangement." This means that Iraq's OFFICIAL RATE must remain within 2% for a period of 6 months under that arrangement. Notice that I did not refer to the STREET RATE at all. The rules above apply ONLY to countries who have a "Stabilized Arrangement" that might vary in terms of its OFFICIAL RATE. In the case of Iraq, the OFFICIAL RATE has remained stable for over 3 years! It is in compliance, therefore, with the rules of a "Stabilized Arrangement" already, according to the IMF. [post 1 of 2....stay tuned]
1-4-2015 Newshound Guru Millionday [...if taxes and tariffs are to be imposed, then values have to be given to said product, and a value of currency must be present.] YES I AGREE...THEY HAVE TO MATCH WHAT THE PRICE IS FOR THE PRODUCT... INTERNATIONAL TRADE HAS A RULE -- CALCULATION OF VALUE --- A REALITY PRICE AS WE KNOW...HOW WOULD IRAQ GO OUT WITH THE RATE AS IT IS? IT WOULD BE A DISASTER IN MY MIND. [post 2 of 2]
1-4-2015 Newshound Guru Millionday ...IRAQ`S CONSTITUTION GUARANTEES A MARKET ECONOMY FOR ITS CITIZENS. [A market economy with a real rate?] A MARKET ECONOMY IS SUPPLY AND DEMAND -- SO THE DINAR IS A PRODUCT AS WITH ALL COUNTRIES -- THEY NEED A FAIR CALCULATED RATE THEY ARE GOING TO USE THAT IS FAIR TRADE AND ALSO REPRESENTS THEIR REALITY VALUE OF THE DINAR TO TRADE INTERNATIONALLY RECOGNIZED --- WHATEVER THIS MAY BE IT HAS TO BE FAIR ACCORDING TO GLOBAL ECONOMICS. [post 1 of 2....stay tuned]
1-4-2015 Intel/Newshound Guru Poppy3 ...THE CLOSER WE GET TO PAYDIRT THE MORE CONFLICTING AND MISLEADING NEWS WE WILL HEAR. REMAIN STRONG IN FAITH THE END IS VERY NEAR. ALL SOURCES ARE STILL IN AGREEMENT AND MANY STATEMENTS BEING MADE ARE BY PEOPLE WITH ABSOLUTELY ZERO TO DO WITH THE DECISIONS ON THE RATE.
1-4-2015 Newshound Guru sczin11 FOLKS, I TRULY DO NOT KNOW WHEN WE WILL SEE THE ...RAISING OF THE VALUE OF THE IRAQI DINAR...BUT, IF ANYONE WANTS YOU TO BELIEVE IT IS DELAYED, OR NOT HAPPENING NOW, BECAUSE OF INSTABILITY, ISIS, DAASH, AL QUAIDA, MALIKI, OR ANYTHING ELSE, IMHO, THEY ARE WRONG...I THINK SAUDIA ARABIA AND TURKEY WOULD HOLD OFF ANY PROACTIVE MOVEMENTS TO REGAIN BILATERAL RELATIONS WITH IRAQ, IF THEY WERE CONCERNED.
1-4-2015 Intel Guru Frank26 IMO, He [Shabibi] will pick up where he left off...The completion of his countries currency reform. He lifted the physical 000's now we seek him to do it from The Exchange Rate...So we can exchange ours 000's that the CBI WANTS BACK!!!
