Iraqi Dinar Guru opinions 9-30-14
Iraqi Dinar Guru opinions 9-30-14
9-30-2014 Intel Guru Frank26 the budget is in the house and IMO, they still need to read it, and may take a couple of weeks to pass the budget, however we have seen oil tankers leave so perhaps they are already operating under the budget but it is not yet visible; perhaps in the next couple of weeks we will see more of the budget; there may be a domino effect set off by the budget; many items depend on what is it…it’s very possible that the budget does not contain the program rate, which would explain why it’s being guarded so closely. MR [Monetary Reform] is moving forward. IMO, we may see the seated GOI soon. 10/1 is “super hot, brilliant hot” for seeing the GOI emerge and possibly begin to reveal some of the budget through 10/10; if the budget is not revealed by 10/10, we look to 19th – 20th all of 2014; these dates are time frame studies to watch the GOI, budget, laws, MR.
9-30-2014 Newshound Guru Lojak …let me explain the goings on, so some on here can be up to speed. There are two Kurds on the Council of Ministers (the cabinet) that were voted on in Parliament –but actually have not been sworn in and havent participated in the cabinet activities as of yet. The kurds want their money, as least a written assurance they will have it soon–then they will participate in the cabinet. The articles yesterday suggesting that they had the support to get a large chunk of money ( some say 4.5 billion) in back salary were the start to what we need. One assumes based on the one MP from Kurdistan that Abadi has the support to get this done in the Cabinet meeting today.
9-30-2014 Newshound Guru Lojak Once that vote is concluded positively, a whole chain of events will start. The Kurds will then show up in Parliament and support Abadi for his choice of security ministers–because they have 60 votes, which will put Abadi in the drivers seat on any vote he needs. And of course, Iraq doesnt have 4.5 billion laying around, they will need to quickly Rv the currency to pay not only the back salary, but they need to pay their own army, retirement salary, blah blah. Abadi NEEDS the Kurds to get things done.
9-30-2014 Intel/Newshound Guru tman23 Forget the budget…First they need to seat the Kurd ministers and as of now, Kurds request that Shaways to be moved from Finance Minister to Deputy PM and Zabari from Deputy PM to FM… such action takes a Parliament hearing…Abadi an Jabouri are discussing a special Parliament session which would seat the security ministers before Eid…And then the discussion if a quorum could be reached…Those expecting a RV this week will be disappointed once again…But 10/7 to 10/9 is a window to keep an eye on.
9-30-2014 Newshound/Intel Eagle1 IMO, everything is where we want it to be.
9-30-2014 Intel Guru Frank26 There is an internet rumor that the rate is in the Gazette – NO, it is not. [the Gazette is a real law library of the judicial arm of the GOI, the real website did not have a rate published…]
9-30-2014 RUMOR Guru EXOGEN October 1st we are looking for a number of things. 1. Bills to be paid 2. Approved Budget 3. The process of salaries in motion 4. LIVE RATE.
9-29-2014 RUMOR Guru TerryK I’M HEARING THAT WE STAND A GREAT CHANCE AT THIS TOMORROW NIGHT…BANKING NIGHT. THERE IS TALK OF A LOWER RATE. THE SAME RATE THAT KUWAIT HAS CURRENTLY. THIS WILL FLUSH OUT TRILLIONS OF DINAR. KEEP IN MIND THAT THIS WAS THE ORIGINAL AGREEMENT BETWEEN IRAQ AND KUWAIT. .50 ONE WAY OR THE OTHER. 3.50 PLUS.
9-29-2014 Newshound Guru Lojak Article: “Kurdish Civil Servants to Receive Eid Salaries from Baghdad” Quote: “The Iraqi central government approved the salaries of the (Kurdistan) Region for the months of August and September before the holiday of Eid al-Adha,” This article, if true, is supportive of what we need to see. The Kurds havent actually been active in the new government because they want to be paid. As the article says, they are owed 9 billion — Iraq doesnt have the money now. This however should trigger several things 1) the Kurdish Ministers becoming sworn in on the Council of Ministers 2) which in turn should get the Kurds to turn out and vote with Abadi for his choice of the 2 ministers…all of this is interrelated. The HCL is basically already done, which is part of the platform that all blocs voted on a while back. They cannot pay the Kurds without RV. Shabibi and Abadi have the button at this point…just be patient.
9-29-2014 Newshound Guru Chattels some are saying that a rate(s) are being posted…just beware that all gazettes are not the gazette.
9-29-2014 RUMOR Guru Mnt Goat Update on the 27 Reforms – Many of these reforms are just replacing many of the Erbil agreement items of the 2009-2010 Erbil meeting. Like with the Erbil agreement, Abadi also has timelines to get these 27 reforms completed. The USA and the UN are not going to budge on the RV until these are completed. Do they all have to be completed prior to an RV? The farthest out timeline for many of the items is 3 months. So we do know they intend to complete all these reforms by January 2015. I believe the critical issues in the Erble agreement, as a minimum, must be implemented prior to any RV…they are 4 years behind schedule due to Maliki. They are attempting to catch up fast.
9-29-2014 RUMOR Guru Bottom line is that everyone is jubilant right now. We are expecting the full RV on or before the 1st. With the announcements in the Gazette and on tv and in the banks, we understand everyone is ready. My understanding is that the $3.58 is the final number. It’s a final coordination between Iraq, the BIS and the IMF. We are just waiting on this last little thing from Iraq. I’ve been told the US is out of the picture, and we are supporting this behind the scenes. In the US everyone is geared up and ready go, and expecting this now.
9-29-2014 Newshound Guru Millionday THE KURDS AND THE FEDERAL GOV…HAVE RESOLVED. PAYMENTS WILL BE MADE FOR BACK PAY AND MONEY IS GOING TO START MOVING. THIS IS IN THE BUDGET. SO THEY ARE SENDING MONEY BEFORE THE FEAST ON THE 4TH. THE BUDGET IS TO BE LAUNCHED AND THE KURDS ARE IN IRAQ BAGHDAD IN MEETINGS WITH FEDERAL GOV. [So the payback will be with Dinars instead of USD’S?] YES DINARS. THE KURDS WANTED MORE POSITIONS IN THE GOV. IT WAS AGAINST WHAT THEY WERE PROMISED AND…THE MOVE TO CHANGE IT IS DONE. THEY GOT 4 MORE IN KURDISTAN…ABADI IS CALLING AN EMERGENCY SESSION BEFORE THE HOLIDAY TO ANNOUNCE THE MINSTERS. I DONT KNOW EXACTLY WHEN — ALL WE HAVE IS BEFORE THE HOLIDAY AND ALSO RIGHT AFTER FEAST A HUGE PRESS CONFERENCE.
9-29-2014 Newshound Guru Millionday THEY HAVE ALSO RESOLVED THE ISSUE WITH THE OIL AND THE BUDGET WILL BE FOR VOTE IN THE NEXT DAY OR TWO. THE HCL HAS BEEN DONE THEY ADDED A FEW CHANGES AND IT IS WAITING FOR AGREEMENT WITH THE KURDS — AND GUESS WHAT — AGREEMENT IS HERE…THIS IS HUGE NEWS. WE ARE IN AN ECONOMIC INVESTMENT IN ACTUAL CURRENCY IN THIS COUNTRY`S CURRENCY SO WE HAVE TO FOLLOW THE MONEY AND THEY ARE SAYING THAT THE ENTIRE BUDGET FOR THIS YEAR IS GOING TO BE BEFORE PARLIAMENT TOMORROW. [ …will the CBI wait until the budget is opened and approved?] I WILL TELL YOU IN THE INK…A PRESS RELEASE…IT SAYS ANNOUNCED FROM CBI THAT THEY WILL MOVE FORWARD WITH OR WITHOUT THE BUDGET AND FUND IT WITH THE INTERNATIONAL INVESTMENT MONEY.
9-29-2014 RUMOR Guru Great news – Iraq has published an exchange rate of $3.58…in black and white in the gazette… It’s been verified by Iraqis who read in their own language and can understand what it means. I was trying to find the numbers for the Iraqi dinar and the Kuwait dinar. They put this in the Gazette, we looked at the numbers, and I saw they were 1:1. We checked with multiple Iraqi sources, and they confirmed that we did that correctly – that one Iraqi dinar = one Kuwaiti dinar, and one Kuwaiti dinar = $3.58. There is one other matter being negotiated this moment, it could happen any time in the next 48 hours. It’s been published and if it doesn’t happen by then, they will have real problems with ISIL. Everything we can see for ourselves in the mosques, newspapers and television is indicating the 1st or sooner. It’s looking really, really good…
Fact check, No rate changes have been published in the Gazette, nor reported on the CBI website. The exchange rate for the auctions are the same as they have been. We have seen rates like this before but it has always turned out to be a glitch or some other reason. Keep in mind that the only guy stating this has stated that it RV,ed back in December at $38 dollars, we all know that was false.
9-29-2014 Newshound Guru Lojak Articles: “Indicators to solve the oil dispute between Baghdad and Erbil” “Expectations of the arrival of the draft budget to parliament on Tuesday” More great news…the COM is going to front a few months of salaries for the Kurds. When the budget passes (and it should be quicker than they say) they will get all the rest of the money they deserve.
9-29-2014 RUMOR Guru Mnt Goat …over the weekend a request went out to the speaker of the house to hold a special session prior to Wednesday to vote and to confirm the last of the few ministers. These are replacement ministers that were rejected already (some twice) on the confirmation process by parliament. Abadi is targeting this confirmation prior to the upcoming holiday of Eid al-Adha (begins in the evening of Saturday, October 4, 2014, and ends in the evening of Sunday, October 5, 2014). They still do not have a permanent Defense and Interior ministers.
9-29-2014 RUMOR Guru Mnt Goat What transpired on 9/7 – 9/8 by announcing a “fully” formed government was all very legal and intentionally done. They announced a fully formed government to get the UN resolution to form a legal coalition to enter Syria and fight ISIS. Iraq was at a critical point and needed support to begin operations which was very apparent. There was also a constitutional deadline and missing it was not an alternative. Missing this deadline meant starting all over. They are now in this process of replacing the proxy ministers. It could take weeks or months to do this but they are able to move forward in so many other areas too, even with the proxy ministers. I am hearing the voting for confirmation of these ministers is once again on the agenda for early this week in parliament.
9-29-2014 Newshound Guru Stryker THIS SURE LOOKS LIKE THE WEEK EVERYTHING COMES TOGETHER.
9-29-2014 Intel/Newshound Guru tman23 So the PUK website and the Minister of Finance both informing the public that the salaries are going to be paid before Eid…TO ME IT SPEAKS VOLUMES THAT AN AGREEMENT IS COMPLETE.
9-29-2014 Newshound Guru Lojak Article: “Kurds joining the government Abadi and staff salaries region before Eid” Quote: “Prime Minister Haider al-Abadi said the cabinet will hold a session during the next few days to discuss sending an advance to the Kurdistan region to secure the salaries of its employees…Kurdish delegation arrived in Baghdad and Minister Kurds are ready to join the government” This is really big news, what we need to happen to get the whole thing rolling!! Iraq is broke…at least the govt. (not the CBI). They cant be paid without some cash…they cant pay kurds, the peshmerga, the Iraqi army etc without the new monetary reform… In simple language, that’s it.
9-29-2014 Intel/Newshound Guru Poppy3 CALL JUST CAME IN…HE SAYS ALL FOCUS HE CAN HEAR IS THAT THEY STILL EXPECT TO FINISH THE GOI AND THE BUDGET BY TOMORROW. (WE SHALL SEE ) HE STATED THEM FINISHING THE POST AND RELEASING THE BUDGET DOES NOT GUARANTEE A RV BUT HE AND THE COL BOTH STATED THEM HAVING THESE COMPLETED SURE COMPLETES THE GROUNDWORK AND THERE IS NO OTHER REASON THAN FINANCIAL REFORM AND RAISING THE RATE FOR THEM TO BE PUSHING FOR COMPLETION. THE PEOPLE ON THE STREETS ARE EXPECTING ABADI TO GET THINGS DONE THAT SHOULD HAVE BEEN DONE YEARS AGO. THEY STILL BELIEVE ABADI WILL MAINTAIN A ALL INCLUSIVE GOI AND THE PEOPLE WILL BENEFIT.
9-29-2014 Newshound Guru Millionday THE AMENDMENTS ARE DONE — THE PARLIAMENT WILL MEET ON TUESDAY AND THE AGENDA IS INCLUSIVE OF THE BUDGET…BUT THEY HAVE ALSO SAID THEY HAVE AMENDMENTS THAT THEY WILL NOT LOOK AT UNTIL AFTER THE HOLIDAYS — SO WE WILL WAIT. THE KURDS ARE VERY HAPPY WITH THE BALANCING OF FUNDS AND PREPARATION…THE BUDGET IS READY AND WILL BE BEFORE PARLIAMENT SO THEY CAN MOVE FORWARD. [when the kurds are all in agreement with the gov then HCL is done? This and erbil I see as holdups.] IT HAS TO BE ACTIVATED — WITH EVERYTHING ALL AT THE SAME TIME — THERE IS NO HOLD UP AT ALL WITH THE HCL.
9-29-2014 Newshound Guru Millionday CBI HAS ALSO ANNOUNCED THAT THEY WILL FUND THE ECONOMIC REFORM WITH THE INVESTMENT FUNDS IF THE GOV DOES NOT AGREE ON THE BUDGET BEFORE THE ECONOMIC REFORM IS LAUNCHED. THEY ANNOUNCED THAT THEY WOULD OPEN THE BUDGET BY OCT 1ST IN THE PRESS TO THEIR CITIZENS. [I’ve read that salaries have to be paid prior to EID – any truth in that?] THE GOVERNMENT STATED THAT THEY WOULD PAY THEM BEFORE THE HOLIDAYS BUT NO THEY DONT HAVE TO — THE CITIZENS ARENT GOING TO LIKE IT IF THEY DONT. [how can the cbi be so bold to open up the reforms when the gov demanded them not to?] THEY ARE INDEPENDENT AND ACTUALLY THE GOV IS ASKING THEM TO OPEN ALL ECONOMIC REFORMS NOW. THEY HAVE ALL RIGHTS TO APPLY THE EXCHANGE RATE.