2-20-2013: Iraqi Dinar Guru guesses!!!
2-20-2013 Intel Guru Frank26 I hope you understand the power behind this. Why are they doing this? Because they are trying the force the citizens to stop using foreign currency, because they are about to introduce the lower denominations. Do you see a similarity here? How much are you allowed to get from a bank here? $10,000 a day. The same banking systems that you see world wide, you are now seeing in Iraq and the announcement was made today [Tuesday].
2-20-2013 Intel Guru Frank26 When you do a transaction you cannot use your ID card any longer, instead you have to use a passport. It takes months to get a passport if they can afford one. They have tied their hand and their feet. There will be a uniformity to acquire hard cash. They will allow you to have foreign currency under these limitations, but you cannot go to any bank on any day. It will be a specific bank on a specific day. This makes it almost impossible to get USD. This is to force the Iraqi citizens to give up the USD and say yes to the IQD.
2-20-2013 Intel Guru Frank26 Three days ago an announcement was made to the Iraqi citizens and is on the CBI website, the Arabic side. The CBI has told the Iraqi citizens they will no longer be selling hard cash to the citizens and the CBI will no longer sell them foreign currency. If you want foreign currency you have to go to the State Banks or Islamic Banks. Also, you will no longer be able to take out 50,000 USD or any other foreign currency per day as you did in the days of Shabibi. It is no longer accessible to you within 24 hours, you will now be limited to only 10,000 of a foreign currency per month.
2-20-2013 Newshound Guru Tlar IMO…this is why most likely these companies don’t fear the threats of no more contracts with Bagdad if they sign directly with Kurdistan. It’s just cheaper to explore, develop and produce in Kurdistan. These companies by pass the upfront blackmail charged charged by Bagdad, Shahristani in particular. They make more money in with less hassles in Kurdistan without having to pay the billions upfront to get a contract.
2-20-2013 Newshound Guru Tlar Pretty soon unless Bagdad changes their attitude, there will be nobody left to do oil business with Bagdad and Kurdistan will be producing, transporting, and delivering as much oil as the government of Iraq. This is a good thing because sooner or later Bagdad, Shahristani in particular, will have to accept the HCL and Kurdistans contracts in place, or he misses out.
2-20-2013 Newshound Guru Mailman17 NOW, DID IRAQ (NOT INCLUDING OLD MALIKI) KNOW THIS WAS COMING? I THINK THEY DID. HENCE THE PUSH ON THE ART 140, HCL, ECT. BUT, I BELIEVE THIS IS A WARNING TO IRAQ THAT NO DELAYS WILL BE TOLERATED, NOT EVEN A DAY, IMO. THE POWERS TO BE HAVE HAD IT. ITS TIME TO PLAY HARD BALL. I ACTUALLY FEEL GREAT ABOUT THIS HAPPENING AND HAPPENING REAL QUICK. NOW ITS TICK TOCK TIME, IMO.
2-20-2013 Newshound Guru Mailman17 THE WORLD IS GONNA HIT THEM WHERE IT HURTS THE MOST…THE POCKETBOOK, FEB 23, LOAN DUE…NO EXTENSION. BOTH ASSETS ABROAD AND NOW IT SEEMS EVEN THE DFI THAT WAS PROTECTED BY THE US IS ALSO UP FOR GRABS. BOUT TIME THEY FIGURED OUT THE ONLY WAY TO HURT THESE GUYS IS TAKE THEIR MONEY. THOSE INVOLVED WITH IRAQS PROSPERITY, IMO, HAVE FINALLY SAID ENOUGH. NO MORE THREATS, NO MORE PROMISES YOU NEVER INTEND TO KEEP, BAM, ENOUGH IS ENOUGH.
2-19-2013 Intel Guru Frank26 LAST NIGHT DELTA’S TEAM EXPLODED WITH EXCITEMENT…NO ONE ON THE NET IS AWARE OF WHAT WE ARE ABOUT TO RELEASE TONIGHT FROM THE CBI. AS WE TOLD YOU SHABIBI WAS, IS, BUT NEVER SHALL BE INVOLVED IN THE LIFTING OF THE 000’S OF THE IRAQI CURRENCY EVER AGAIN. HE IS WORKING RIGHT NOW BY PROXY THROUGH TURKI TO ACCOMPLISH WHAT THE 2013 BUDGET AND THE GOI ALONG WITH THE EXPLOSIVE ECONOMIC FUTURE THAT IRAQ REQUIRES IN THE YEAR OF OUR LORD…2013.
2-19-2013 Intel Guru Frank26 LAST NIGHT AROUND 3AM EST. THE CBI RELEASED A MAJOR ANNOUNCEMENT THAT IS EXTREMELY VITAL TO OCCUR BEFORE THE RELEASE OF THE NEW RATE INTO THE 2013 BUDGET!!! WHERE AS YOU THINK THERE IS ANOTHER DELAY TODAY…THERE IS NOT. I KEEP TELLING YOU THE BUDGET IS DONE. THINGS THAT ARE NONE OF OUR BUSINESS ARE STILL NONE OF OUR BUSINESS UNTIL THEY CONSIDER IT TO BE SO.
2-19-2013 Intel Guru Flashing if u take a time and see how governmental accounting work u may notice that the rv could happen before or after or they may include it on the budget. The RV rate established or anticipated may influence the budget, but the budget does not influence the rate. im still waiting for the washington meeting but it is just my opinion. i am convinced that we will have our rv soon but i have received information that the best window for this month is next week…again i still thinking we are doing great and we will see it soon but imo not this week.
2-19-2013 Intel Guru Flashing rumors are great about this month but u know the accuracy rate of rumors is low, rumors are anytime now. my personal opinion is different… i personally make a bet that there will be no rv this week… i hope to be wrong but i doubt it…dealers still saying this month but they are hesitating. imo, the back wall will be the date in which the frozen funds will be released and will be available for use by iraq. so that means may 2013…the rv could happen before as long as the pending protocols being done…pending matters related to meetings and signatures of documents…it is just my opinion. i am not saying it will not happen before may, i said the backwall is may.
2-19-2013 Newshound/Intel Guru BGG Article: “Nouri al-Maliki offers bribes to MPs to save him from falling” It would appear Maliki is doing everything he can (not even stopping short of bribery and extortion) to maintain his tenuous hold on the Iraqi Prime Ministership. Primarily pointed out in this article is his aim to bribe those of the opposition probable to vote against him when the time comes (as in soon).
2-19-2013 Intel Guru Blaino “REVALUATION WARNING!…Dinaricon Alert level 5+…due to freshly received intel in the last few minutes.
2-19-2013 Newshound Guru Kaperoni Article: “Three major Iraqi banks are preparing to protest against the central bank governor and describes” The banks cannot make a profit. Banks are not lending (to risky) and nobody is depositing any money. The CBIs auctions (including all banks) is there way of helping banks survive. At least with the auctions, they make a commission on dollars sold (which all Iraqi’s want). With the promise of international investment, convertibility, and a free market economy all stalled, these banks have nothing. Do you all remember that bank a few months ago that was selling cars to survive? IMO, This is a real mess and the CBI needs to just take control of monetary policy and stop letting Maliki interfere.
2-19-2013 Newshound Guru Joey [via RVme] They have Maliki in an uncomfortable position. Maliki can’t hold back The House of Representatives passing laws…they’re going after 24 more corrupt judges and most likely they’re already gone. Also the Integrity Commission is watching Maliki’s every move.
2-19-2013 Newshound Guru Doc What is most encouraging is that our sources and news reports are starting to line up. It appears Iraq is under tremendous pressure from the outside to live up to its potential. Also things like chapter 7 and WTO are being used as a leverage point by the international community. Our opinion is to watch how things unfold concerning Maliki. It appears the other key issues are ready to go on paper and the world is awaiting the power sharing scheme to become real. We do not know which will come first but agree with others that all the issues will most likely be suddenly resolved pretty close to each other. Based on media and other sources we still believe it to be several weeks or longer before all the dominoes are aligned. We report, you decide.
2-19-2013 Newshound Guru Doc The really encouraging news is that the core fundamentals appear to be lining up nicely. Much news has detailed work toward HCL, WTO, banking laws, chapter 7 and most importantly neutralizing Maliki. Many have suggested if a stable GOI is required for a RV then we will never see it since Iraq will never be stable. What these fail to understand is Shabibi defined stable as a power sharing system which we all know Maliki has fought tooth and nail to prevent. The recent news suggests a true power sharing GOI is in the works. Also as we speculated 2 weeks ago it is now pretty obvious the Kurds have linked the HCL to the budget for negotiation purposes.
2-19-2013 Newshound Guru Doc We encourage everyone to take a deep breath and quit getting caught up in the minutia of a single event…there is not one event that will “trigger” currency reform and especially not the budget. Budgets have come and gone without the RV and this one could easily be no different. We need to remember the goal is to have Iraq’s economic fundamentals strong for the long term. To get there things like a stable GOI, secure assets (HCL), banking laws, etc.. need to be in place. As we have speculated and we continue to believe many of these will come quickly together once the first domino falls. Yes, the budget could be in the “dominoes” but it is not the exclusive event for the RV.
2-19-2013 Intel Guru OCrush The other blocs are fine, its the kurds and the national alliance that are still negotiating. The good thing is Nujaifi is presiding so there is a good chance this will finish today…..[ADDED COMMENT] Word is the NA and the Kurds have agreed. They will have there prayers and hopefully go back for the vote. This is Nujaifis choice. He wants everyone to feel comfortable. He may postpone it till tomorrow or thursday. Don’t forget this is the second to last hurdle, once they pass the budget they need to make sure everything else is in place (laws). Timing is everything!
2-19-2013 Newshound Guru Med Article: “Urgent .. Channel Iraq: Al-Maliki calls for Barzani to visit Baghdad” BARZANI WILL NEVER GO TO BAGHDAD HE WILL FIND A WAY TO ARREST HIM.
2-19-2013 Newshound Guru Phoenix3333 Parliament postponed today’s session to Thursday, February 21st for lack of a quorum and the lack of agreement on budget. Just my opinion…But, I don’t expect to hear about the budget passing until after the markets are closed on Friday. If they actually pass it, which they better do very soon.
2-19-2013 Intel Guru American Contractor Regarding the Iraqi dinar currency situation, there has not been any signs of uplifting the suspension of the printing of the new Iraq dinar currency. A finance committee meeting will commence in Late March or early April to determine the status of the printing of the new currency. Be aware that, this is not to be mistaken as a sign that something is going to happen in March or April.
2-19-2013 Intel Guru American Contractor The Kurds are disgruntled with the Iraq central government. The Kurds had previously maintained the national budget at 17% and now PM Maliki wants to cut it to a mere 12%. The cut is estimated to be costing hundreds of millions of dollars. The intention is to fund services and projects. The reason behind the cuts is to compensate for the deficit when the Kurdistan Regional Government (KRG) decided to stop paying the central government in oil sales. ExxonMobile has made a corporate decision to drill in northern section of Iraq and is contemplating on giving up the oil fields in the southern part.
2-19-2013 Intel Guru American Contractor [long, long time, no see] There has been major conflict between the Shia, Sunni, Kurds, along with the Iraqi government that is causing a rift in passing the Iraq national budget. There are many other hurdles in the process of getting a national budget passed in Iraq. For starters, there is a parade of non-stop protests in Iraqi cities calling for the ouster of PM Maliki. In the meantime, PM Maliki will hold onto power and look forward to the next national elections in 2014. There are Iraq politicians carefully taking sides and others who are just watching the current situation unfold. Most politicians are refraining from participating in anything related to government affairs, such as passing a bill. They are fearful of alienating themselves should a new power government powers step up. The typical Iraqi politician is very cautious in who he aligns himself with as it could result in a loss of employment or demotion from a high level position from within the central government.
2-19-2013 Intel/Newshound Guru Poppy3 I TOLD EVERYONE THERE WOULD BE ZERO ACCOMPLISHMENTS WHILE OUR PEOPLE ARE THERE. PARLIAMENT POSTPONED TILL THURSDAY AND IF OUR…DIGNITARIES ARE STILL THERE THEY WILL POSTPONE AGAIN MAYBE ALL THE WAY TO NEXT WEEK. WHEN OUR PEOPLE LEAVE IRAQ WE WILL SEE SOME FURTHER PROGRESS.