10-2-2012: Iraqi Dinar Guru guesses!!!
10-2-2012 Intel Guru Wisdom [new guru] We are seeing 4 issues coming into fruition at or about the same time. We have the UN meeting & they are all happy. We could be hearing something by tomorrow [Tuesday]. Chapter 7 is being dealt with right now. This is a very, very good marker for us. The National Conference has been an ongoing set of meetings, preliminary meetings. We should see the National Conference before the end of the week, this is just a projection. The fact that they are about to address the agreements of Art. 140, HCL and Erbil all at the National Conference to wrap things up along with Chapter 7, coincidental, I don’t thing so. This tells me we are there. All of these points are major plays & have to come out at the same time or within days of each other. About 4 or 5 weeks ago there was a press release from the CBI stating that they had the dollar to back the dinar at over $1.30 just in currency alone, not withstanding any other assets. I have a feeling, since they have contracts with international oil companies, with G.E. for power plants, they have to have a timeline. They must have a tradeable currency. I think it’s all going to go live really quick.
10-2-2012 Newshound Guru Mailman17 THE ARTICLE REGARDING TALABANI FINALLY GETTING THE CONFERENCE SCHEDULED…THESE CONFERENCES NORMALLY ARE HASHING OUT MEETINGS. THIS ONE JUST MAY BE DIFFERENT. SHABS NOW HAS IN PLACE HIS COUNTERFEITING LAW. THE BANKS NEEDED ASSETS TO COVER THE EXCHANGE AND THAT THE CBI TOLD THEM THEY WILL BE ACCOUNTABLE FOR ANY FUNNY MONEY. NOW WE HAVE THE LAW.
10-2-2012 Intel Guru TerryK NO NEW NEWS. STILL WAITING FOR CALL. IM PRETTY EXCITED.
10-1-2012 Newshound/Intel Guru BGG Article: “Iraq begins with payment to foreign companies operating in Kurdistan” this is great!! The Central Gov’t and the KRG seem to be working out their differences.
10-1-2012 Intel Guru TerryK THERE IS A SMALL GROUP IN RENO [that] CASHED IN LATE THIS AFTERNOON. IN OTHER WORDS, [it] JUST HAPPENED. WE ARE TYING TO GET THE DETAILS. PLEASE TREAT AS RUMOR. WILL BE BACK WHEN I GET MORE. LATER…
10-1-2012 Newshound Guru Bondlady Infrastructure and General Amnesty laws, they are in a fierce battle right now over these two laws…the infrastructure law, there is an extreme need for iraq to greatly move it forward…it will give huge amounts of jobs to the people and build the infrastructure and would adopt the law of pay on credit…the amnesty law, passed in its current state without huge amendments…would release an untold amount of criminals from everything from murderers to rapist to robbers, kidnappers counterfitters etc. Iraq is a cruel and hard, barbaric country in many ways, change doesn’t come easy or overnight.
10-1-2012 Newshound/Intel Guru BGG Article: “BAGHDAD – Erbil: agree on a mechanism to resolve disputes artistic oil” Very, very, very good news. When they start sharing the money and oil – all is well.
10-1-2012 Newshound Guru Doc We have one article saying Parliament has been adjourned until October 9 due to lack of quorum and another saying “The Presidency of the Council of Representatives decided to extend the legislative term months where it was supposed to end on October 14 this but it has been extended to November 14 due to the presence of important laws waiting for legislation.” As of now we have not been able to confirm either. Frankly we hope the second article is accurate since it actually shows a sense of urgency for the first time in awhile. As always only time will reveal the true facts. We report, you decide [post 3 of 3]
10-1-2012 Newshound Guru Doc A third article addressed the exchange rate. It is quotes as “that the success of actions the central bank to reduce dollar against the dinar would make dollar equals Iraqi dinar per the next few days”. While encouraging we need some caution here. First this did not come from the CBI and second we have seen articles stating events would occur “in the coming days” on to see nothing occurring for months. What is interesting is the reference to the dinar equal to the USD. We note here that this is further proof the high rates of $3+ quotes by some are pure fantasy. This and other recent articles continue with the 1 to 1 scenario. We continue to maintain $1 is the mostly likely cap for the initial rate out of the gate. [post 2 of 3….stay tuned]
10-1-2012 Newshound Guru Doc There were three very good articles that came out over the weekend that give us much encouragement. The first is was quoted as “Allawi will meet Monday or Tuesday with President Talabani to discuss the political issues, and the implementation of the agreement (Arbil – Najaf). Allawi will discuss in detail with Talabani, what will be put at the National Meeting, and the importance of what should be asked and agreed upon.” We see from this that 1) Ebril issues are very much center stage and 2) so is the National Meeting. We also learn from this that the National Meeting has NOT been held despite rumors this weekend. The second article is quoted as “Kurdish Natural Resources Minister Ashti Hawrami confirmed that Baghdad transferred payments to international oil companies working in the region”, reports Bloomberg News. Again this is very encouraging in that we seem to be getting movement on the Ebril issues. Maliki appears to be playing ball once again. [post 1 of 3….stay tuned]
10-1-2012 Newshound Guru 8Ball Article: “Urgent .. Adjournment of the House of Representatives, to the ninth of this month for lack of quorum” yes…the one thing that is a guaranteed with Iraq is that it will be delayed.
10-1-2012 Newshound Guru SWFloridaGuy I don’t think they will get out of Chapter 7 without first moving forward with their economic reforms. I don’t think they will move forward with their economic reforms until they have a power sharing government in place. [Do you have an opinion about the article explaining that the dinar will equal the dollar in the next few days?] It’s a very encouraging article but I’m naturally skeptical and waiting to see rate movement for myself. There has been a lot of encouraging news lately though and taken collectively, it’s hard not to feel that Iraq is definitely making progress.
10-1-2012 Intel/Newshound Guru Poppy3 As sources had reported and I reported to you, the RV should have taken place last night or today but Allawi walking out Saturday because of the schedule of votes has caused this delay. It is good for us this time because Maliki was trying to get the amnesty vote first and would have given him free reign and he could do much as he pleased and they couldn’t prosecute him. He and Talabani are meeting today. Could settle this issue.
10-1-2012 Newshound/Intel Guru BGG Article: “Hamid al-Mutlaq demanded the government to resign due to their failure in running the security file” This is a new twist – Mutlaq (the Deputy PM – behind Malik) and Maliki have been at odds before. Looks like things are heating up again. IMHO – Mutlaq is putting some pressure on to get things headed the right direction – Maliki giving up the Security Ministries would be almost as good as him resigning. Maybe better.
10-1-2012 Intel/Newshound Guru Poppy3 it is my understanding as of last night all of the main issue’s have been settled and agreed on and they are down to only a very few decisions and the voting procedures is the main one. The meeting today may solve that one…voting sequence still not set. Talibani and Allawi to meet today . If they can settle this dispute and agree with Allawi this time he needs to stand his ground and get the vote done on the power sharing before the amnesty Law. We are in a good position and it is exciting they have never taken a break they continue to meet daily and coming to terms with many of the issues. keep the smile on your face your, blessing is very close.
10-1-2012 Intel Guru Blaino News today [Sunday] indicated that the dollar will equal the dinar in the next few days, few is usually 3 – 5, not weeks, but days, according to yahoo translator. Oil contracts were to be paid today…you have to have a tradable currency…need to have some serious money. I know that we have been on dinar level 5 for more than a month and a half, but I have not gotten anything that did not say it was imminent.
10-1-2012 Newshound Guru Mailman17 THE FACT THAT THE GOI IS RELEASING MONEY TO THE KURDS TELLS ME THE 2007 HCL IS VERY MUCH ALIVE AND QUITE POSSIBLY ALREADY A DONE DEAL, JUST NOT ANNOUNCED. IN OTHER WORDS THE GOI AND THE KURDS ARE ON THE SAME PAGE, FINALLY.