6-11-2016 Newshound/Intel Guru BGG Article: "...the decision to" revitalize the banking sector and Sir national strategy to stimulate the economy and create jobs and implement launch loans for industrial projects, residential and commercial citizens the best formula, according to the government 's plans." I have been beating this drum lately about there being a GOI PLAN for a few days now...it's in print...they have been clear...now it looks a lot like Abaidi is moving things forward pretty fast...oddly enough - there was a bit about Maliki wanting to "take Iraq back" to a point sometime in the past - talking about Iraq needing a "strong man" leader...HE IS CRACKED. I really see this as success on multiple planes...Abadi not only evaded Maliki's direct charge on him (recently) - but he is having some real success in removing corruption and implementing serious reforms and advancements in Iraq's financial sector. The key to their future.
6-11-2016 Newshound Guru firefly Article quote: "In the case of our call deputies in response to attend scheduled to be held during the month of Ramadan, special meeting, after the issuance of the Federal Court decision on the two sessions of the parliament in April, we will attend to Baghdad to attend." ...And between, "we support the House of Representatives in his work" So much for parliament not meeting during Ramadan! Sounds like the Kurds are 100% satisfied and anxious to get it complete.
6-11-2016 Newshound Guru mike Article: "Calls for financial reforms of the International Monetary Fund" Quote: "report prepared by experts at the International Monetary Fund said that the budgets in the Middle East and Central Asia has shifted from surpluses to record large deficit." This is a good article, the IMF is stating the obvious, the ME lived in a world of surplus but those days are over, for now. Countries like Saudi Arabia, Qatar and Oman have all slashed their budgets, adding taxes and diversifying away from producing oil alone. These governments can no longer control the messaging and the people through patronage, the private sector is going to have to play a larger role now in these countries. Along with an open market comes an open country with more power distributed to the people, I'm looking forward to seeing that happen in Iraq as well.
6-11-2016 Newshound Guru Breitling …the question is what more do they have to do to be able to add value to their currency? Is their any laws they need to pass? They want to pass more laws. Now people are going to start looking at the date. They don’t need it. They can revalue today. BUT to make things work correctly and to move thing forward to where there is no competition on...their agenda…they need to pass some of this stuff. But they can revalue today. We don’t need to look for excuses for them to revalue…that’s there. That’s been there since last year. It’s pretty significant. [Post 2 of 2 stay tuned for the rest of the story]
6-11-2016 Newshound Guru rcookie Article: "Oil exports to America has tripled since last January" Quote: "Raising the Iraq of the daily production of oil to its highest ever to 4.5 million barrels a day in may, according to research firm estimates..." RIGHT UNDER OUR NOSES...IRAQ JACKS UP PRODUCTION TO 4.5 MBPD...WOW!
6-11-2016 Newshound Guru tlm7214 Article: "Keywords: administrative changes "necessary" and based on the requirements of the "urgent" ...not only have they appointed new staff but they also have oversight and a time frame to follow and why is that? because the changes coincided with the international loan for Iraq's security and the ongoing developments...all tied up nice and neat...when they were saying early last month that there were no conditions to the loans we knew better...
6-11-2016 Newshound Guru Breitling A lot of people been asking me about the auctions because of the articles coming out about it…to stage it correctly I mentioned specifically that when they start toying with the actions and reducing it or getting rid of it that that means our day is coming down the road. This is exactly what they are talking about. Article “Foreign exchange systems have been found to give rise to exchange restrictions and to multiple currency practices…” That was the game…they tried to use the auctions to manipulate the value and the supply times velocity of the dinar. They also wanted to control the foreign currency coming in…it’s no coincidence that there is more and more talk about getting rid of the actions…. [Post 1 of 2 stay tuned for the rest of the story]
6-11-2016 Newshound Guru firefly Do not be dismayed or frustrated if it doesn't happen by the end of this month. Remember, they will never tell us a date until after the fact. Just know it is real and coming! I hate to use soon but yes, VERY soon. The evidence is right before our eyes... They would not be going through the process with the IMF, WB, UN, UST, if they had no intentions of fulfilling their end of the agreement.
6-11-2016 Intel Guru SteveI Topic: "Iraqi ports apply "new tariff" mid-June current" [Raising the cost of goods on the citizens should go over like a lead ballon - based on their current purchasing power...] Yes, unless that changes.
6-11-2016 Newshound Guru Chattels ...neither Abadi nor Sadr are making any real effort to fight corruption. there has not been a single prosecution of a political insider from any Shia Islamist or Kurdish faction, or even from any Sunni Arab faction on good terms with Baghdad. Abadi has no electoral mandate or even a governing coalition in parliament...the crisis of institutions remains, and only on June 7 was he again able to get a majority of ministers to attend cabinet meetings and indisputably establish legal quorum. Parliament, now in recess, has likewise made quorum only once since April 26, with Jaburi’s status as speaker presently under legal challenge. It remains unclear whether Abadi can use the current breathing space to get political institutions back on track.
6-9-2016 Newshound Guru firefly Reuters Article: "Iraq plans deposit guarantee fund to curb cash stashing" Quote: "Iraq plans to set up a deposit guarantee fund to encourage Iraqis to use banking services and to develop the financial industry, the central bank said." Reuters folks! A day after Iraq agreed to the requirements? WOW, WOW, WOW. We are looking at a position where everything is ready IMO.
6-9-2016 Newshound Guru Aggiedad77 One by one the villages are being cleared of DAASH/ISIS elements...one by one the neighborhoods are being wiped clean of DAASH/ISIS presence...they have edited...they cleanse...they mop up...these steps will make it safe for the citizens to return to their homes once again...to new freedoms...to a new Iraq...it is happening right before our eyes...the evil dissolves and the good will hold strong and win...
6-9-2016 Newshound Guru firefly Article quote: "...the financial advisor to the Prime Minister and the appearance of Mohammed Saleh revealed on 27 May 2016, that the amount of "international financial umbrella" will get Iraq estimated at approximately $20 billion, as called for economic and investment commission..." Got raised 20 billion ...15 from IMF and 5 from WB...Very good news! Nothing else matters right now IMO but this loan as an indicator. The key IMO is when they tell us The 1st installment has begun.
6-9-2016 Newshound Guru Aggiedad77 This June 15 date is at or near the 20 day extension the Iraqis were given on May 28...They have a specific time frame in which they are to approve the conditions that were given by the IMF...in fact we think they have already approved this conditions and they simply need to communicate that to the IMF...Frank [Guru Frank26] has mentioned that the CBI is working together now with the Finance Committee in Parliament ...they are getting their ducks lined up to insure these loans become a reality...Keep focused on what is going on with Fallujah and Mosul as well though...they too are key events in all that is happening in Iraq right now.
6-9-2016 Newshound Guru rcookie THE AGRICULTURAL & INDUSTRIAL DEVELOPMENT PROJECTS IN AND AROUND FALLUJAH WILL START AFTER LIBERATION...THE ECONOMIC REFORMS HAVE BEEN AND ARE BEING COMPLETED AND READY FOR ACTIVATION....(LOANS/INVESTMENT LAWS/REAL ESTATE & LAND PROGRAMS ETC...)
6-9-2016 Newshound Guru Kaperoni Articles: "The formation of guarantee bank deposits, the company is a positive step" "The announcement of the founding of the company to guarantee deposits of banks with a capital of 100 billion dinars" Quote: "...the leader of the Supreme Islamic Iraqi Council, Adel Abdul Mahdi, to guarantee bank deposits proposed by the Central Bank with a capital of 100 billion dinars by the company, and approved by the Council of Ministers..." This is good news.
6-9-2016 Newshound Guru tlm724 Article: "Currency market focus monopolistic central policy weighed on the dollar cut" Quote: "a bank the latest shock in market by addressing the monopoly and speculation and left after it cut through the exchange rates..." oh be sure to tell everyone you have control but you never exercised it...they coulda and shoulda fixed this long ago, the CBI is no place for incompetence... but now they have the IMF and WB working it... *hallelujah* ...Really good article, explicitly speaking to rate stability. Great timing too imo.
6-9-2016 Newshound Guru Bondlady Article: "Oil exports to America have tripled since January last" this is so important and significant for Iraq...during saddams peak of exporting oil...his top was 3 million barrels of oil per day...with a dinar exchange rate at that time was approximately 3 to 1... 3$ to 1 dinar...Wink. ...granted the oil prices was a lil higher then but there over 50$ a barrel now, plus they no longer waste, burn off the gas now, they export it ...the reforms are so important... to set Iraq back on the correct path for economic success..imo.
6-9-2016 Newshound Guru wmawhite Article quote: "IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION..." Any idea why it is the EU stepping forward to assist and not someone else? Look at where most of the investment is coming from to date into Iraq...the EU...The EU is biting at the bit ready to jump into Iraq. [Any idea how long WTO take to complete?] The WTO process is a multi year process...however, Iraq started it's process over 10 years ago...They are near the end of the process. [Is it true their currency has to have some kind of value for Iraq to gain acceptance to the w.t.o?] it will be in Iraq's benefit to trade with the IQD at its true value.
6-9-2016 Newshound Guru rcookie THE NEWS SINCE MONDAY IS SMOKIN!! Article quote: "IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION..." SO THE EU [EUROPEAN UNION] IS GOING TO WORK WITH THEM FOR FULL ACCESSION TO WTO...
6-9-2016 Newshound Guru Aggiedad77 ...Iraq is building...and the international world is coming...they seem to be attempting to be so transparent in what they are doing...Abadi is leading this new "dream" for Iraq....what a leader and commander he is turning into...seems "we" have done a great job coaching.
6-9-2016 Newshound Guru rcookie ...THINK ABOUT THE IMPORTANCE OF RE-ENGAGING THE OCCUPIED AREAS OF FALLUJAH AND MOSUL FULLY FOR IRAQS ECONOMY AND EQUALLY IMPORTANT FOR IRAQ TO ONCE FULLY LIBERATED...FINALLY START TO GET RAW...PURE ACCURATE ECONOMIC DATA REPORTING FROM THESE AREAS THAT WILL LEAD TO UNSKEWED FINANCIAL & ECONOMIC NUMBERS TOWARD... GDP...CPI..INFLATION... PRICING STABILITY ETC...FOR THE INT'L AGENCIES REPORTING THAT RELY ON THIS TIMELY...ACCURATE...TRANSPARENT DATE REPORTING....IT IS HUGE AND COMPLETELY WHAT THE IMF..WORLD BANK AND WTO MUST HAVE...
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Foreign exchange rate against the Iraqi dinar on Wednesday 04/27/2016
Foreign exchange rate of the Iraqi dinar 5-4-2016
Iraqi Dinar exchange rate against foreign currencies for Wednesday 6-1-2016
Iraqi dinar exchange rate against foreign currencies on Tuesday 02/09/2016
Iraqi Dinar exchange rate against foreign currencies for Monday 5-9-2016
Foreign exchange rate of the Iraqi dinar on Thursday, June 2, 2016