3-7-2013: Iraqi Dinar Guru guesses!!!
3-7-2013: Iraqi Dinar Guru guesses!!!
3-7-2013 Intel Guru SteveI Everything is approved and all blocs approved the budget but Kurdish blocs were absent, however, all of their provisions were met in the previous articles before article 12. This is final. Ray and I have talked many times this morning and to our contacts, and it is official period.
3-7-2013 Intel Guru Delta URGENT URGENT URGENT IRAQI PARLIAMENT APPROVE THE BUDGET. [ IYO, do you think that there is a chance that you will see a rate tonight? (This morning for you)?] REMEMBER NO ONE KNOWS THE DATE AND THE RATE…BUT IMO WILL NOT SEE THE RATE TODAY. AFTER THE IMPORTANT MEETING IN JORDAN WITH THE IMF THEN…..TA…..DA.
3-7-2013 Intel/Newshound Guru Poppy3 I am getting many emails and text today that the budget has passed in some form . BUYER BEWARE AT THIS POINT. several have sent me the same article and as of yet there is no confirmation on this end. just one statement made. time will tell. Also there has been mention only one portion of the budget was passed and that only means they have agreed to that one portion so don’t get overly confident at this point. I expect we will get more confirmation within the next 24 hours and know the facts. It is exciting to hear just don’t jump in with both feet.
3-7-2013 Newshound/Intel Guru BGG I do believe the budget has passed and Parliament has recessed until the 19th (for now)…Kaperoni woke me up all excited!! the budget was passed – the budget was passed…and yes – it was passed…however, there is more to do before it is fully in effect – Gazette, etc, etc…Firstly – I suspect they have to handle their Maliki problem before too much more progress is made…as soon as M is dealt with = BINGO.
3-7-2013 Intel Guru SteveI We are pleased to announce that the vote on the Iraqi 2013 budget has passed in parliament. Now that this hurdle is done, the next step is to activate the new Iraq currency rate. This will and should move along quite quickly as many country projects are depending on this 2013 budget to be opened. I am very happy that this is about over and all of you can start your new lives in the near future.
3-7-2013 Intel Guru Wife in the Know The Budget voting keeps getting postponed because They (GOI through the direction of the UN) are going to time or stage the event to coincide with the release of their new currency and its “new” rate of $3.42. This will happen any day now, they know they can not keep kicking the can down the road for very much longer. Trust me, the budget voting is nothing more then a formality at this point. As I have said before, the terms in the Budget, HCL, Erbil and Chapter 7 type of issues are agreed upon and none factors anymore. The agreements will all come out publicly afterwards. Given the fact that they keep saying the budget vote will be delayed again for another day or so for whatever reason they give, is a great sign that they are very close to finally doing this.
3-7-2013 Newshound Guru Adam Montana [do you think that Talabani coming back has to do with the delay of the vote on the budget?] No, the delay on the budget is simply that the Kurds want more of the oil revenues. They are simply negotiating. If you’ve ever negotiated anything with someone from the middle east, you know that negotiations are FIERCE and they are very shrewd…they will come to an agreement soon(ly), but not until both sides are sure the other will not give another penny. They are close.
3-7-2013 Newshound/Intel BGG One of our Mods had the most well thought out rate equations all drawn out. It ended up at a rate of $3.91. My initial reaction is it’s a little high, but not impossible. After looking at her equation, it’s very similar to the one Randy Koonce used to come up with his idea on the rate. It made perfect sense to me although I’m not a rate person. A lot of people are a little unsteady as to the way things are going. I am not. As a matter of fact as the days go on I’m pretty satisfied. As I look back I see a lot of real interesting news that points in the right direction. We are waiting for things to unfold & to me we are right on track. It’s been quiet for the last couple of days, but between now and Friday should be very interesting times.
3-7-2013 Intel/Newshound Guru Poppy3 NOTHING WILL HAPPEN TILL MALIKI IS UNDER CONTROL AND THE CBI HAS A ACCEPTABLE MANAGER. THE NEWS IS GETTING MUCH BETTER FOR ALL OF US…AND THINGS WILL HIT A POINT IN THE NEAR FUTURE, THINGS WILL MOVE VERY FAST.
3-6-2013 Newshound Guru Adam Montana [What do you think about the new smart cards that are coming out? Do you think Iraq will use USA money or Dinar money on these cards?] smart cards represent quite a few things – one of which is the amazing progress the banking in Iraq has and is continuing to make…does this mean “RV tomorrow”? No, but without this technology I don’t believe an RV would be possible…so it is a positive thing.
3-6-2013 Newshound Guru L.J. WE WILL HEAR THAT THE BUDGET WILL BYPASS THE KURDISH ISSUE AND VOTE WILL GO FORWARD ON THE BUDGET. I HIGHLY DOUBT THIS WILL OCCUR. THEY HAVE THE FRIDAY PROTESTS LOOMING AND I BELIEVE FEAR IS SETTING IN ON THE PART OF MALIKI AND CREW, SO THE PRESSURE COOKER IS ON HIGH. THERE HAS BEEN, TO DATE AND HOUR, NO AGREEMENT ON THE BUDGET.
3-6-2013 Intel Guru Blaino we find that a certain bank, foreign, may have been the problem yesterday…”they” are working on IT… not a bank in the sand box…NO…”europe” is the closest i’ll say…their “big boss” stepped down recently…Much concern about their dealings of LATE… [wonder if they can just be bypassed and not participate until ready if ever?] bypass “not” an option… With “this BANK”… World wide repercussions.
3-6-2013 Intel Guru Frank26 The rate is not going to be 1 – 1. It might have been that last year, but it’s gone past that now. IMO, when Kurdistan passed their budget, they knew what the rate was. Last week I said, “for the very first time in 6 years oil contracts are all being paid in full”. Now do you understand? This is huge. Kurdistan wanted these companies to be paid. Why hadn’t these companies accepted payment? Would you want payment at 1160? These companies know what is going to happen. They are paying the bill and at a very good price.
3-6-2013 Intel Guru Frank26 As disappointed as I am that we haven’t seen the budget, I’m excited about everything else we are seeing. Barazani is becoming quit an influential factor in our investment, quite an influential leader. On Iraqi TV it was supposedly said that he was going to take the initiative to deal with the crisis.
3-6-2013 Newshound Guru Adam Montana [It has been stated…(opinion?) by some, that Chapter VII is not necessary for RV to take place. Your opinion please?] It is definitely possible for the RV to happen BEFORE Chapter 7, but if it does we can expect to see Chapter 7 lifted IMMEDIATELY afterwards… not the normal “soon” we get out of Iraq, but “immediately” as in the following or even same day.
3-6-2013 Newshound Guru Adam Montana A lot of our friendly nay-sayers…love to try to claim that Chapter 7 is already lifted. I usually respond with something like “yes, but there are still a few remaining points on Chapter 7… it is not COMPLETELY lifted yet.” And that has been verified in several different articles that have came out in the last couple weeks…recent articles are very positive about a COMPLETE removal of Chapter 7 in the very near future.
3-6-2013 Intel Guru Blaino standby for news and updates!!! here is the basics of what is happening…in the past, if you wanted to examine the iqd on say, netdania, you had to ‘enter’ it onto the charts and then you could see all the relevant information, the bid, the ask, the rise or fall, and so ON…now HOWEVER…when you open a page THERE…The iqd is listed now just as the british pound sterling, the japanese yen, the austrailian dollar, etc…these are known as the majors…ALSO…gold and silver is showing as a currency and ‘pairing’ with currencies. we think it’s the ust master board feed dropping IN. i spoke to someone that has the same level currency info as banks GET and he was able to pull it up as WELL.
3-6-2013 Newshound Guru Adam Montana [do you personally believe that the rate is in this budget?] nope, I do not. There is no way they could have been working on something like that, on a budget that is supposed to be public any day now, and be hiding something as big as the RV. That kind of change is going to be released as a surprise to almost everyone involved, and they will be scrambling to adjust for it. Again, this is why so many things had to happen before an RV would be possible… such as high tech banking systems.
3-6-2013 Newshound Guru Adam Montana They just announced that the vote on the budget will NOT happen today, it has been pushed to tomorrow. Most of us won’t be too surprised by that, so that’s not really “news” I guess. It’s like fishing…we keep getting nibbles, but we have yet to reel in the big one. If you fish, you know you don’t just go home after the first nibble fails to land a catch…so we are still here. I should mention that YET AGAIN the budget issues are pretty much all about oil…fingers crossed that they get that budget done tomorrow, but my gut tells me it won’t happen until the end of the week or the beginning of the week. The question, as always… Which week?
3-6-2013 Newshound/Intel Guru BGG Article: “Nujaifi: deferred questioning Maliki and the government intervene in the work of the “parliament”” This is THE ARTICLE OF THE WEEK!! This isn’t saying that Maliki is guaranteed to undergo questioning in parliament. However, Parliament is getting tired of Maliki interfering in their role. They are obviously talking over the prospect of removing Maliki. As I pointed out last Friday – they have even picked the MP who will handle the duty of the actual questioning.