1-9-2013: Iraqi Dinar Guru guesses!!!
1-9-2013 Newshound Guru Adam Montana Kurdistan just recently played what may be a “Power Card” – they’ve begun working outside of the GOI and doing business on their own. There have been oil sales and deals struck which completely excluded the GOI – any time oil is sold from any regioin in Iraq, a portion of that money is supposed to come to the Central Bank. Kurdistan is apparently disregarding that fact. This is different than the normal “huffing and puffing” – this is a serious play. This means that if they want to move forward, they are going to get SERIOUS about resolving the HCL… and if you’ve been following the Dinar for long, you know that the HCL is a major key to the future rise in the value of the Dinar.
1-9-2013 Newshound Guru Adam Montana There has been talk for some time now that Kurdistan would simply love to split apart from Iraq, and the thought is that they will do this if Iraq is not going to step up and increase the value of the currency. They feel like “Why should we wait around for these people to get it together when we can just secede, form our own country, and our own CURRENCY, and move forward?” This is not the BEST case scenario, and both Kurdistan and Baghdad is well aware of this – the BEST CASE SCENARIO is for Iraq AND the Kurdish region to move forward together, raise the value, raise the power, and succeed.
1-9-2013 Newshound Guru Adam Montana HCL is another story – that IS Iraq’s baby, and they DO have everything to do with it. For those of you that don’t know, the HCL is the “Hydro Carbon Law” – it’s a HUGE deal for Iraq, because it influences and even controls where the money goes when they sell oil, who can sell oil to whom, and very significantly – what the Kurdish region of Iraq can do with it’s share of the resources.
1-9-2013 Newshound Guru Adam Montana Fiscal Year 2013 for Iraq is here. This means nothing by itself, but now that we’re past that mark we can start looking for more important stuff… like ratifications and serious votes on serious matters such as foreign policy, Iraqi banking and financial structures, and most importantly – HCL and Chapter 7. Now, Iraq itself does not have much to do with the DECISION that needs to be made on Chapter 7. They have done everything they need to do, they are 100% compliant and there is nothing to legally prevent them from being released unconditionally from Chapter 7 IMMEDIATELY.
1-9-2013 Newshound Guru Kaperoni Article: “Iraq announces closure of its borders with Syria and Jordan” makes one wonder if they about to do something with the dinar? or is this just what they say it is?
1-9-2013 Intel Guru Blaino THE REVAL OF ALL THESE COUNTRIES AND THE “GLOBAL RESET” ARE SECURELY IN THE HANDS OF THE IMF, THE WORLD BANK AND OTHER GLOBAL BODIES WHO WILL NOT RELEASE ANY PART OF IT UNTIL ALL THE VARIOUS COMPONENTS ARE IN PLACE AND PREPARED IN ALL RESPECTS FOR THE TIMED AND STAGED RE-SET.
1-9-2013 Intel Guru Blaino I AM EVER MORE CONVINCED THAT NOTHING NEEDS TO BE DONE INSIDE THE POLITICS OR GOVERNMENT OF IRAQ TO FINALIZE OUR GOALS FOR THE RV…BUT RATHER IRAQ IS THE CONVENIENT EXCUSE FOR STALLS AND DELAYS. IF THE REAL REASON(S) WERE REVEALED, THE CLAMORING FOR THE REVAL WOULD RAISE SUCH A DIN AND RACKET THAT NO ONE WOULD BE ABLE TO HEAR ANYTHING ELSE.
1-8-2013 Newshound/Intel Guru Flashing articles are confirming what i have been saying for some weeks…imo they will be removed from ch 7 during this month and the remaining issues will be handled under ch 6 by UNAMI… imo it is a done deal…could be tonight, rumors, but facts are supporting some rumors.
1-8-2013 Newshound Guru SWFloridaGuy The IQD not being a convertible currency is a severe hindrance to conducting business internationally. There were several reports from the CBI last year that pointed to early 2013 as target date for currency reform. How long this will take is anyone’s guess but I think we can all agree that economically Iraq is headed in the right direction.
1-8-2013 Newshound Guru Tlar The central bank just guaranteed the Letters Of Credits. This is a major step forward but if you consider that they just stated there is approximately only 100 or so banks in Iraq, each qualifying for their license to be a bank with total assets of only 280 million dollars, there truly is not enough investment capital sitting in these banks to finance the new Iraq. Let’s see 100 x’s 280 = 2.8 billion with which to build a country assuming every dollar is put to work. The banks are still are woefully under capitalized. Even so it is still an improvement from where they were. They need to go back to work and find another way to finance their society or they need to change the value of the currency sitting in those banks which indirectly increases their assets.
1-8-2013 Newshound Guru Tlar Article: “Finance Committee of the Parliament of Kurdistan check about the force of liquidity in banks” I’m not sure but if I remember correctly. Shabs required each bank to increase their capital to 250 – 280 million dollars in order to keep their licence to be a bank. That is not very much assets. By the time the bank makes any loans at all they are broke, no cash. I think this is what they are talking about. How do you expand the economy with no money.
1-8-2013 Newshound Guru Kaperoni [What are the consequences of the Feb 23rd deadline?] If the IMF wants, they can give them an extension though we see no signs of that yet. If they fail, and there is no extension, as I mentioned above the recourse is calling the loans, or sanctions on Iraq. Paris debt agreement was also contingent on Iraq following the guidelines and agreements put forward by the IMF, WB so they risk the debt agreements as well. Hang on…its a tough ride, but hopefully it will end soon.
1-8-2013 Newshound/Intel Guru Flashing [Flashing u still think before 15 th?]. Yes I do. IMO, the RV will happen during wee hours. All rumors are excellent. It should happen anytime now.
1-8-2013 Intel Guru Ocrush You see these procedures that needed to be done to implement the draft law were to get the private banks going. All is done. The only thing the CBI can’ t do is approve the release of the new denoms…this is parliaments presidency that needs to activate and approve and in turn he was waiting for the budget to be finalized by the finance committee, which I was told was completed today!!!!
1-8-2013 Intel Guru Ocrush I was told this is finished. Most private banks are good to go, except for a couple that will pay fines and would be allowed to participate within 30 days. These were the procedures that were stopped by the GOI back in MAY 2012 because they needed to complete their studies. My belief is they (goi) knew the RV could not take place till the new fiscal year. I believe back in February and May Saleh stated the process of deleting the zeros can’t be implemented until early January 2013.
1-8-2013 Intel Guru Ocrush It seems the finance committee has completed their task!! This is what is going on with the CBI. Back on Dec 31 2012 the CBI started the process to implement their monetary policy. There were certain procedures that needed to be finalized with the private banks. These procedures included for the private banks to participate in the exchange of currencies through their windows. On January 2nd (wednesday) they were to submit their applications (audits) to the central bank of Iraq for approval.
1-8-2013 Intel Guru Bear5642 Spoke to my Iraq contact late last night. There was a misunderstanding of info. Documents had to be received first then implement the rv. This is done. He told me it would no go any further than January 10th. He did not foresee any further delays.
1-8-2013 Newshound Guru Duckyboy It’s been a FEW of months since I put anything out. All GOI politics aside, the banks in Iraq have to be ready for this and I have read nothing showing that they are ready. There has to be a consistency in how a government operates. The GOI is kind of messed up and in order top RV, they have to get approvals from the IMF/BIS. Ask yourself one question without taking into consideration your needs: Would you approve the RV if it were up to you? Finally, all of this just may be a bunch of smoke and if it is, something completely different may appear in the form of an RV…. or not! Yes, I am hopeful that this does happen soon.
1-8-2013 Newshound/Intel Guru Flashing There are some saying that the UN will stay in Iraq and will hold them under ch 7 because of the political instability and my question is why, UNAMI is there. Iraq will be removed from ch 7 to ch 6 and UNAMI will handle those internal affairs as we as the issues related to missing properties and persons. Everything is very positive. Facts are out there. We are very very, very close.