3-30-2013: Iraqi Dinar Guru guesses!!!
3-30-2013: Iraqi Dinar Guru guesses!!!
3-30-2013 Intel/Newshound Guru Poppy3 RECIEVED FURTHER CONFIRMATION OF THE NEWS—DAN–Saturday special gazette edition being put out. Usually only Wednesday Announced in Iraq the budget. Thats right the budget in gazette Saturday Bonus. Dr Shabbi coming back to Iraq Saturday EVENING after months out of country Insiders last 2 days dignitaries have been showing up quietly. DR SHABIBI WILL REPRESENT IRAQ IN SPEECH IN BERUIT ON SAT MORNING THEN RETURN TO IRAQ. …Hearing that there was a short delay but things are moving ahead at this time, still hoping to see this thing pop by the 1st. ENJOY THE GREAT NEWS.
3-30-2013 Newshound Guru Mailman17 THERE IS AN EMERGENCY SESSION AIMED AT PASSING THE ACCOUNTABILITY AND AMNESTY LAW… WE ALREADY KNOW MALIKI IS DUE FOR QUESTIONING MONDAY. THE OTHER LAWS WAITING ARE A LOT BUT THE ONE THAT STICKS OUT TO ME IS THE MESOPOTAMIA LAW. ALTHOUGH UNDEFINED, IMO, THAT IS PARLIAMENTS APPROVAL OF ACTUALLY PUTTING THE NEW NOTES INTO PLAY ALONG WITH THE NEW RATE THAT THE CBI WILL GIVE.
3-30-2013 Newshound Guru Mailman17 NOW LETS RECAP…THE CBI IS AUTONOMOUS. THEY CAN PRINT WHATS NEEDED. THEY CAN EVEN HAVE IN STOCK THAT WHICH IS NOT NEGOTIABLE. BUT THEY DO NEED PARLIAMENTS APPROVAL TO PUT THEM INTO PLAY AND THEY CANT DO THAT WITH OUT A RATE INCREASE. MAKES NO SENSE TO PUT A 1, 5, 20 OR 100 DINAR NOTE INTO PLAY WITH OUT AN INCREASE AND THE CBI CANT DO THAT WITH PARLIAMENT AUTHORIZING THOSE BILLS…LEGAL TENDER. THAT BRINGS US TO THE STALEMATE. THE COUNCIL HELD UP THOSE BILLS PENDING LEGISLATIONS BUT NOW THEY WANT THE ACCOUNTABILITY AND AMNESTY LAWS PUT INTO PLAY. THAT IS WHAT THEY HAVE HAMMERED OUT AND MOST LIKELY PLAN TO PASS THIS WEEKEND. THE COUNCIL/DAWA PARTY/MALIKI GETS THE PROTECTION NEED BY LAW AND IN RETURN THE PARLIAMENT GETS THEIR RV AND IRAQ CAN WEED OUT THE REST DOWN THE ROAD.
3-30-2013 Newshound Guru Mailman17 ITS ON A ROLL BUT NO LONGER ON MALIKIS TIMELINE. RECAP AGAIN…KUWAIT? FOR ALL INTENT PURPOSES…DONE. CHAP 7 IS IN THE VERY NEAR FUTURE. THEY WENT FROM 6 TO 8 REAL FAST. CAN ANYONE TELL ME WHAT IRAQ MAINTAINS AT 8 ON THEIR WAY TO 14. THEY MUST HAVE A RECOGNIZED CURRENCY. THE THING TO WATCH FOR NOW..IS WHETHER MALIKI SIGNS OFF ON EVERYTHING. I THINK HE WILL. HES NOT GONNA LIKE THE QUESTIONING AND MOST LIKELY HES GONNA WANT A BACKDROP SECURITY FOR HIMSELF AND THATS WHAT I THINK KERRY TOLD HIM, AGAIN, THATS JMO. FINGERS CROSSED PARLIAMENT GETS ALL BILL SIGNED AND DOTTED IN 1 SESSION. WE SHALL SEE. I WILL SAY THIS THOUGH, AS MUCH AS IT LOOKS LIKE NOTHING THEY ARE MOVING VERY FAST, VERY FAST. THIS IS A GOOD SIGN.
3-30-2013 Intel/Newshound Guru Poppy3 IF THE POST AND SCHEDLULE THAT WAS POSTED IS TRUE AND HASHEME IS ATTENDING THE PARLIMENT MEETING TOMORROW AND IT WAS ALSO STATED FROM SOME SOURCE I CAN’T CONFIRM THAT AFTER DR SHABIBI SPEAKER AT THE BERUIT SUMMIT THAT HE IS RETURNING TO IRAQ. THIS TELLS ME THEY HAVE IN SOME WAY NEUTERED MR MALIKI AND ALL THE WARRANTS AND EXECUTION ORDERS HAVE BEEN DROPPED. SOUNDS AWESOME TO ME. POPPY3
3-30-2013 Intel/Newshound Guru Poppy3 RECIEVED A CALL FROM A OLD SOURCE THAT HAD GIVEN UP ON DINAR AND WOULDNT EVEN TALK ABOUT IT FOR THE LAST TWO YEARS AND ONE OF HIS VERY GOOD OLD SOURCES CALLED HIM ABOUT4PM AND TOLD HIM THAT THIS IS THE LAST WEEK OF WAITING. NOW HE IS ALL EXCITED AGAIN AFTER BEING IN THE DUNGEN OF DOUBT AND FEAR FOR TWO YEARS. LOL LOL POPPY3
3-30-2013 Intel Guru TerryK I’M HAPPY TO SEE SOME ARE SAYING THIS WEEKEND, MAYBE SUNDAY. I JUST DON’T UNDERSTAND WHAT THE HOLD UP IS. I’M GOING TO TELL U THIS AND THIS IS PUTTING ME IN A BAD SPOT THIS SHOULD NOT AND LEGAL CAN NOT GO PAST SUNDAY. THIS IS A HOT DATE FOR THIS WEEKEND. I HAD NEWS TODAY THAT CBI IS DEMANDING A RATE CHANGE. THEY WANT IT BACK NOW TO WHAT IT WAS POST WAR, SO 3.21.
(Just yesterday TK said rate was $7.42…must be a fortune cookie this time!! LOL)
3-29-2013 Newshound Guru Eagle1 [via Precious] Their U.N. sources stated WF execs met today regarding the “release of the dinar”. They were told; “RV/RI is imminent and to be prepared this weekend with exchanges beginning next week.” He said the rate is due to appear tonight/Saturday morning. He also said all he sources have indicated a “greater level of confidence than ever before.”
3-29-2013 Intel Guru Wife in the Know I have wonderful news!! My husband has been contacted by his superiors, he was instructed to start negotiating with all future countries using terms of the “new” value (3.42) of the Iraqi dinar. He has in the past always used the US Dollar. Iraq holds a huge amount of our currency due to their oil sales, so for them to finally start using their own currency is a great sign of progress for this country. We are truly at the end of our endeavor and Iraq is really showing concrete evidence of their growth as a internationally recognized country. The timeline I have given for the actual rate change IS STILL A GO… April 1st. All smiles here : ) : ) : )
3-29-2013 Intel Guru Blaino rumor has it that we are go for reval from the top of the hour (5:00pm central) and going FORWARD…Sounds GOOD. wait!!!! Breaking news of the rv kind coming in now:::teller screen report:::FIGURES…. Just when i start “plan B”…”they” get off their dead a_ _ and rv! i have higher authority confirmations en route….
3-29-2013 Intel Guru OCrush Now we know all the conditions were met with Kuwait and chapter vii will be lifted. The vote took place on March 21 with a Yes and a condition (3 homes and distribution to of monies to the families). That has been accomplished. There is no need for another vote by the unsc, the conditions are met. This is why they gave iraq a deadline of March 31 and not April 15 or 21 or May XX, they needed this done before the RV. Simple. Now all we are waiting for is the passage of the pertaining laws to have our RV. This has to take place by March 31, the latest April 1.
3-29-2013 Intel Guru OCrush The budget is done and as we all know the new rate is in it. Attached to the Budget Law is the pay scale and pension law. They are waiting to publish it till the right laws are in place to make it possible to have the new rate. Its that simple. If the budget was not written with the new rate in mind they would have published it when the Presidency approved it. Very simple.
3-29-2013 Intel Guru OCrush The CoR passed the budget on March 7 and submitted to Ministry of Finance. They had 10 days. On March 17 (exactly 10 days) they passed it along to the presidency. The Presidency now has 15 days to ratify it by law. As we all know the President ratified it and submitted it to the Judiciary body to publish it in the Gazette. Under the constitutional law, even though the president approved it, the Judiciary Body could sit on it till April 1 (15 days).
3-29-2013 Intel Guru OCrush I am sending this to you so our members will have a clear outlook on certain timelines. These are facts taken by the Iraqi Constitution. It states the deadlines they have when the Ministers, Parliament, Presidency, Cabinets pass laws. Our concern of course is the budget. There seems to be a confusion on how we came about on the days the law allows for legislation to be published in the gazette.
3-29-2013 Intel/Newshound Guru Poppy3 Finance Committee Member Faizullah: The likely return of the exchange rate of IQD against USD to normal. They are preparing and there are many meetings being reported that today meeting with IMF AND WORLD BANK TAKING PLACE AS WE SPEAK. GLORY GLORY POPPY3
3-29-2013 Newshound/Intel Guru Flashing Article: “BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.” I LIKE THIS PART : “the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan”, SO THIS IN BLACK AND WHITE. ONCE AGAIN EVERYTHING IS GREAT AND WE ARE APPROACHING THE END OF THIS VENTURE. THE BORDERS HAVE BEEN ONE OF THE MAJOR OUTSTANDING ISSUES PRECLUDING IRAQ TO BE LIFTED FROM CH 7 AS WELL AS WAS THE KUWAIT AIRWAYS ISSUE. BE ALERT, PREPARED, AND HAPPY.
3-29-2013 Newshound Guru SWFloridaGuy …according to the IMF, Finance Committee and CBI they have already accomplished the necessary economic/political growth to restore previous values to the IQD immediately. I still think Iraq applying for membership is one of the best clues we have currently and suggests that a big change is on the horizon for Iraq because WTO member countries MUST have a convertible currency. It is a requirement!! The bottom line is it’s in Iraq’s best interest to move forward with their economic reform project now, which is exactly what today’s article is saying. Prior to the actual event the news won’t get much better than that.
3-29-2013 Newshound Guru SWFloridaGuy After talking to several people, with several different theories, I believe Iraq will take a more general convex function where the growth increases in a way completely disproportional to it’s current value. In other words a float is doubtful…There’s already way too much heat on Iraq concerning their currency and the hype. So although they could make incremental appreciations i.e., 1000 to 1 as the next step, I don’t see them going that route and with this announcement from the Finance Committee it’s pretty clear to me that a gradual increase will not accomplish their goals. I think a historic RV somewhere at least on par with the USD initially is the true direction their monetary reform project is headed.
3-29-2013 Newshound Guru SWFloridaGuy Amazing news today!!! The Finance Committee VP announced that they will be returning the natural rate of the IQD against the USD which proves that Iraq’s rate is artificially low due to war/sanctions and not solely due to excessive printing of the old notes. The IMF is also supporting and instructing them on how to accomplish this. Unless you believe in a straight RD, you’ve known this to be true from the start and why you made a great financial decision (low risk/high reward) in seizing this opportunity.
3-29-2013 Intel/Newshound Guru Poppy3 SPECIAL EMERGENCY WAS CALLED BY NAJAFI FOR TODAY OR TOMORROW I HAVE FORGOTTEN WHICH OF ALL LEADERS TO PREPARE FOR NEXT PARLIMENT MEETING AND PLAN MAJOR ANNOUNCEMENTS???? NEXT HE GOT SERIOUS ABOUT ATTENDANCE AND CANCELED ALL PARLIMENT VACATIONS AND DAYS OFF TILL EVERYTHING PENDING IS COMPLETED. STAND BY FOR SOME EXCITEMENT FROM NOW FORWARD AND MORE GREAT NEWS EVERY DAY NOW.
3-29-2013 Intel/Newshound Guru Poppy3 ALL IS STILL MOVING IN THE RIGHT DIRECTION. I AM MORE EXCITED EVERY DAY. I HAVE GOTTEN NOTHING [BUT] POSITIVE UPDATES AND THE PEOPLE I AM TALKING TO ARE ALSO VERY EXCITED. NEWS FROM YESTERDAY WAS ALL GOOD THE DEADLINE FOR THE BORDER CONSTRUCTION WAS MOVING FAST AND REPORTED TO BE COMPLETED SATURDAY, THE WIDOWS AND ORPHANS ARE TO BE FUNDED AND ALL THE SMART CARDS OF THE PUBLIC ON APRIL 1, YESTERDAY THE WASHINGTON GROUP STATED THEY WHERE HEARING THE MINISTERS WHERE TO BE SEATED BEFORE SATURDAY, THEY ALSO SAID THEY HAD HEARD THE BUDGET IS TO BE PUBLISHED IN THE GAZETTE SATURDAY.
3-29-2013 Intel Guru SteveI I have been told that they are all on board. I believe you will see a formal announcement next week regarding the lifting of Chapter VII. Ocrush confirmed the new wages April 1st so that is also reassuring that we are still on track. Can things change? Heck yes. Will they change? Probably not. The entire economic stability of Iraq is riding on finishing these last little details. The chasing is truly finally over. I think we finally caught it. For me, there is no more work for me to do regarding posting…This is my goodbye post to this chapter. See you in the next one.
3-29-2013 Intel Guru SteveI We all think April 1st is a very good date for this to happen because of the many underlying factors. Ocrush said the budget will get posted in the Gazette by the 31st. There have been no amendments to allow for any additional delays. We also know that the parliament is keeping their session open which means they can meet at any giving time to vote on the remaining few laws. Ocrush explained it to me that the Council of Ministers will have the approval(s) of all final laws for parliament in time to vote on Monday April 1st..
3-29-2013 Intel Guru SteveI We are aware of many things that we have not shared, and when I say done, I mean the major obstacles have been removed to allow the final process to take place. As you are all aware by now, Chapter VII is no longer an obstacle, the voting of the budget is no longer an obstacle. Yes a few final laws that have been in the works for some time will be completed. These are not new laws that just came up, but rather existing ones to wrap things up. The budget is now in the hands of their legal ministry court or department to formally publish it.
3-29-2013 Intel Guru BOBGETZ6 I have heard some good information, but until the IMF gives the UST the green light, nothing will happen. Information received from a friend , IMO, was huge, but now we wait to see what transpires. IMO, again, we wait for the announcements and I belive that the chapter 7, budget announcement, and rv will be all at one time. It appears to be the best place we have ever been in…