11-15-2012: Iraqi Dinar Guru guesses!!!

11-15-2012 Newshound Guru Mountainman Something I found curious was that Japan is now pushing for the implementation of some projects in Iraq’s economic sector that they funded with a 4 billion dollar loan. No details were given other than to say the loan was for funding 19 projects in the economic sector and to develop Iraq’s infrastructure. There sure are a lot of countries and powerful companies all pushing for Iraq’s recovery, whether that be economically, politically or the removal of sanctions. Everyone is in Iraq’s corner right now.

11-15-2012 Newshound Guru Phoenix3333 Article quote: “The measures being taken to the Central Bank by the government will maintain the value of the dinar and perhaps raised during the coming period, which will impact positively on the overall activity of the national economy.” It “appears” that Shabibi was not allowing the Iraqi Dinar to raise in value and that is why he was removed, only time will tell.

11-15-2012 Newshound Guru LoriC Today economic committee members said that the value of the dinar will improve against the dollar in the coming period after the federal government carries out some reforms. They even said specifically it will be a high exchange rate on the dinar against foreign currencies. All the signs point to this being over very soon, either in November or December at the latest.

11-15-2012 Newshound Guru Adam Montana where are we? Well, the US Elections are over. The year end is coming quickly, and it makes a lot of sense to do a rate change as the year is changing. And it ALSO makes a lot of sense to get this done now, while Shabibi is unable to be a major obstacle. So in my opinion, things are looking positive in the near future… again, the thing to watch is the HCL. In my opinion…Erbil/HCL – they go hand in hand. Once that is done, we are on the home stretch. Hang on tight then, boys and girls!

11-15-2012 Newshound Guru Med IN EVERY MINISTRY THAT MALIKI HAS APPOINTED SOMEONE THEY HAVE FAILED. THESE MINISTRY APPOINTMENTS TO ME ARE NOT WHO COULD ACTUALLY RUN IT BUT THEY WERE POLITICAL FAVOR APPOINTMENTS WITH NO CONSIDERATION IF THIS PERSON COULD ACTUALLY DO THE JOB.

11-15-2012 Intel Guru BWM everything that I’m hearing still says that they expect the VND and IQD to go at the same time publically…

11-14-2012 Newshound Guru Tlar The tariff and taxes law cannot be implemented without a corresponding raise in the exchange rate or they will experience double or triple rate inflation. The suspension of the ration card in March is another good sign. It also implies that the rate will be changed by then and Iraq just agreed with the IMF to discontinue its usage. Chapter VII is another good sign just over the horizon.

11-14-2012 Newshound Guru Adam Montana I want to make it clear that although they state they are working to get it [the budget] done by year end, they will not give us a direct clue as to the future value of the Dinar in the budget…so the budget really doesn’t make that much difference to us…if they do a major rate change, the budget will be adjusted to fit the new rate.

11-14-2012 Newshound Guru Mountainman The NY Times had a great quote this morning about Iraq: “Iraq’s re-emergence as an oil power is inevitably sending ripples through the industry and the surrounding region. The country has surpassed Iran as the second-largest OPEC producer after Saudi Arabia, raising questions about whether other oil-producing countries may at some point need to trim production to accommodate a rising Iraq.” How can such a wealthy country justify a worthless currency after a decade of recovery and when the sanctions that destroyed their currency are about to be lifted? Simple answer, they can’t and they won’t.

11-14-2012 Newshound Guru Adam Montana Chapter 7 is not officially 100% released, but there’s no reason we won’t see that happen shortly and the main thing to watch – the really BIG ticket item – is the HCL…latest reports are saying that they are actively working through it, stating that it must be dealt with separate from all other issues and that it is of extreme importance, especially with the budget being worked on right now…

11-14-2012 Newshound Guru Administrator Bob As we enter mid-week, both political and economic issues continue on center stage. If this were a theme song there would be no harmony. A good title may be “aggravated.”

11-14-2012 Newshound Guru Med I AM NOT SURE IF MALIKI REALIZED THE CAN OF WORMS HE MAY HAVE OPENED UP WHEN HE ACCUSED SHABIBI OF CORRUPTION BUT IT IS NOT BEING TAKEN LIGHTLY. THEY HAVE FOUND ISSUES WITH CBI BUT ALSO IT IS BEING UNCOVERED EVERYWHERE THIS RUSSIAN ARMS DEAL THING…

11-14-2012 Newshound Guru Mike It was a Great Day in Baghdad…I am going to call today “Christmas in November” Maliki was passing out gifts – 3 of them – He screwed up – Apparently he can’t find where he placed all the evidence on Shabibi and the warrant – Imagine that – Having a hard time finding it – Another disappearing act…more bad days for Maliki…And Santa Claus…I mean Talabani seems to be jolly with everybody – having meetings with everybody and finding out from them what they want and who has been naughty and nice. [Oooh, I like these Christmas themed posts…FaLaLaLaLa!!!]

11-14-2012 Newshound Guru Adam Montana At this time, Shabibi is still on the run. I think it’s fair to say by now that Maliki has been planning this for some time – he has been making small moves to take control of the CBI for some time now, and this is definitely working in his favor to that end. In my opinion, this will make it much easier for him to force an RV – Shabibi is/was a very steady character, he did a great job of controlling the value of the Dinar, but we know that he was against a major increase…so it’s probably a good thing for us that he is no longer in that seat.

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