7-14-2014 Newshound Guru Stryker The Kurds have already said that they will attend tomorrow's next session and will announce their candidate for President of Iraq, Barham Salih. Folks, the Kurds have already said that they will not attend these sessions unless there is a clear consensus for forming a new government so their mere willingness to participate is the greatest sign at this point we could have, in my opinion. On the economic front the CBI has announced yesterday that Iraq's electronic payment system is ready along with its ability to go international with it. ...as soon as Turki is comfortable with the political situation, he should be ready to delete the zeros from the exchange rate because it seems that he now has all the measures in place he spoke of to implement the project. We are getting closer each day. [post 2 of 2]
7-14-2014 Newshound Guru Stryker Iraq's political situation is ever changing and things are really starting to get interesting in Iraq. Sunday's session in fact did see a quorum of 233 deputies, even without the Kurds attendance. It wasn't that the Kurds did not want to attend or because of them boycotting the session, it was due to a sandstorm in Baghdad which closed down that airport causing the Kurdish MP's from leaving from their airport in Erbil. Unfortunately because of differences, the parliament members failed to name a new speaker of the house, nor its two new deputies but yet I see it as an important step toward their willingness to form a new government. [post 1 of 2....stay tuned]
7-14-2014 Intel Guru DC [via Adept1] In Iraq, we have folks who have agreed with all the positions; they were supposed to make it public over the weekend. Due to some interference by international parties (US and others), they pushed off the announcements until tomorrow. That’s when they will announce the top three positions and more. We are scheduled and prepped to be ready. Our understanding that the RV will follow quickly after that. The CBI did something wonderful that is supposed to be done at the same time as the RV. Their Qi [cards] are international and hooked up to the international links. They have been preparing this to do it at the same time as the RV, but they are now ahead of the game. ...the US, the UN and DC folks...are absolutely set on this RV. Everyone is ready to go, cued up, with three different windows tonight and tomorrow. We are just waiting on those announcements...The pressure is to get it done tomorrow.
7-14-2014 Intel Guru TNT Tony [via Adept1] There are great things to be excited about. ...we have told people since last winter that their Qi cards were international. Now it’s just like their stock market and IPOs were international, but they were using paper rather than using computers. The significance here is that they have plugged into the Visa/MasterCard system that the rest of the world has. [Is the VNN going with the IQN at this time?] I believe so. I didn’t think we would make it past last week. Many powerful people thought it would go last Monday, and we were notified accordingly. We had a similar level of notification this week. We are confident where things are. They’ve said tomorrow in the media, and among the politicians…
7-14-2014 Newshound Guru Millionday Article quotes: "According to a statement of the Secretariat of the day that the General Secretariat of the Council of Ministers announced on Tuesday an official holiday mentioning revolution of July 14...an official holiday for all state departments." this holiday is the celebration of revolution and is a state holiday they used to have annually.
7-14-2014 Newshound Guru Stryker The Last Measure is in Place for Currency Reform. This will enable the Governor of the Central Bank of Iraq to delete the zeros from the exchange rate.
7-14-2014 Newshound Guru Millionday "The CBI adopted the Visa card system to develop the financial and banking sector and to create an atmosphere of competition among the different banking and financial establishments in Iraq." [Does this mean it will be international banking?] yes they will be using international banking when this is all activated through visa and its capabilities --- the smart cards will be given to citizens outside of Iraq but that are Iraqi citizens for distribution they have coming for oil proceeds and benefits they have been approved for when they are activated for international use -- meaning they would have to also have a plan in ink about the calculation for reality rate coming or how it is being done.
7-14-2014 Intel Guru TerryK Article quotes: "...Vietnam has been recommended to apply a new foreign exchange policy which allows it to valuate the Vietnam dong in correlation with more than one foreign currency. This will be a reasonable choice which helps both stabilize the exchange rates and ensure the flexibility of the nation’s policies.” “Now is the right time for Vietnam to follow the new policy, as it now has all the necessary conditions to do this." " It’s obvious that the Vietnamese dong is about to be revalued but how that revaluation will look on the other side is not clearly determined." THE DONGS REVALUATION IS IMMINENT.
7-14-2014 Intel Guru Bluwolf The components and scenes in the middle east are defecting the eyes of many, shifting the mood from lies to reality, the stage is all set...Our reality is just a matter of well precise bank timing. Movement on all aspects of this rv has been taken, all unsolved measures taken care of, change is in the air. No one will speak about Iraq again, for its government is seating, it is to go international at any moment, even maybe tonight.
7-14-2014 Newshound Gurus Shredd & tlm724 Article: "The stability of the dinar exchange shares in maintaining the prices of goods" interesting we keep seeing this clarification that the daash violence is not affecting the dinar. The intent is to calm fears, especially in the investment scope I'm sure. Then, the reminder of the wealth of Iraq...while that's certainly true, the perceptions and fears of human kind are what need to be mitigated. Imo, that will happen very quickly once the goi is seated and fair representation of the sects is accomplished...how long that will take is another thing. I have a feeling it won't take long, Gov Turki has things just where he want's them.
7-14-2014 Newshound Guru wmawhite It may very well be that the Board of Directors of the CBI are waiting for the formation of the government regardless of who is the PM. Have you noticed that the CBI has continued with the reforms of the banking system...they do not sit still. Besides my thoughts/opinions about the CBI...I too believe that the different blocs will not agree to a government if Maliki is still there. I believe an all inclusive GOI is in their future. [I think/hope that they are ready... get Turki a GOI and he will give us the RV.] Agreed. [post 2 of 2]
7-14-2014 Newshound Guru wmawhite [Do you believe no RV with M [Maliki] around?] We can only go on what the CBI has stated and if the translation is correct, Turki made reference to when the government is decided and that is open to translation. Does anyone really think that Iraq is going to keep to value of the IQD at 1166 when they are going to be the richest country in the region? So if you believe they will or they need to increase the value of the IQD, does it matter to the CBI who is the PM? I don't think so, just my Opinion. [post 1 of 2....stay tuned]
7-14-2014 Newshound Guru Kaperoni Article: "The stability of the dinar exchange shares in maintaining the prices of goods" Quote: "The exchange rate of the dinar in 1220 dinars banking offices in the official exchange rate of 1166 dinars and the price is stable, as the increase up to 2 percent represents an acceptable price and stable, according to financial expert, the appearance of Dr. Mohammed Saleh." Glad to see Saleh confirm the 2% spread. As well, he makes a very solid statement that the Iraqi dinar would be considered a "hard currency" if not for the absence of mechanisms...which to me means open the currency to the world (Article VIII) and a new Exchange Regime (they must get off the peg and on to some sort of float)...only currencies that float are considered "hard currencies". The last few days of CBI news does give me more optimism about the banking system. For sure the CBI is pressing forward to prepare for the day of Article VIII and a new Exchange Regime. We just need the rest to fall into place.
7-14-2014 Intel Guru TerryK I CAN'T HELP BUT SIT BACK AND SMILE AS I KNOW IT'S RIGHT HERE... ANY MOMENT.
7-14-2014 Intel Guru MarkZ All is good. I expect between now and Wed to be full of great news.
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