Iraqi Dinar Guru opinions 11-16-14
Iraqi Dinar Guru opinions 11-16-14
11-16-2014 Newshound Guru Stryker Here are the top news stories this weekend concerning the project to deleted the zeros and the revaluation of the Iraqi dinar: Quote: “dozens of laws under the first and second readings.” Parliaments legal committee announced today that 100 stalled laws are back in the Council of Ministers for discussion and then will be moved to Parliament for approval. Along the same lines, PM Al-Abadi’s office director stated yesterday that the adoption of the Establishment of Industrial Law is soon to activate the Industrial Sector again and it will add much to the local market.
11-16-2014 Newshound Guru Stryker He also said that the government will give a quick and urgent formula to balance the 2014 budget which is near completion. It will also be comprehensive and wide into the 2015 budget to supplement the path for the it’s success. Finance Minister Zabari himself said that he is speeding up the 2014 and 2015 budget for Council of Ministers approval in hopes that they will be in front of Parliament before the end of this month. If this can be accomplished then it will initiate economic Reform and the way we go my friends. Quote: “challenges constitute a good chance that the Iraqi government initiated economic reforms.”
11-16-2014 Newshound Guru Stryker Quote: “the issue of cancellation of the zeros from the Iraqi currency is linked to the security situation in the country.” A good chance that even more stability in the fight against these terrorist is coming with the visit to Baghdad of Chairman of the Joint Chief of Staff Gen. Martin Dempsey. See the more stability there is in the security situation the faster the activation of currency reform will take place according to the governor of the CBI on October 22, 2014.
11-16-2014 Intel/Newshound Guru Poppy3 CBI DID STATE THEY HAVE FUNDS TO SUPPORT THE RATE CHANGE OF THE DINAR AND ARE PREPARED TO DO SO. NO ONES KNOWS AT THIS TIME WHEN OR AT WHAT RATE BUT WE ALL KNOW THEY ARE PREPared and can afford TO PAY EVERYONE. TIME WILL TELL THE FACTS VERY QUICK NOW.
11-16-2014 Newshound Guru Aggiedad77 Article: “Oil: the agreement between Baghdad and Erbil is not the beginning of a final comprehensive solutions” Of course the agreements reached this week between Baghdad and the Kurds is not the end anything…but it undoubtedly opens the doors towards the fostering of greater efforts between the two that will lead to just and constitutional outcomes for both parties…this is merely a first step for both that begins the process of rebuilding faith and trust in one another…it should lead to the HCL approval yes…but that remains to be seen…hopefully soon.
11-16-2014 Intel Guru TD Some comments to share from my chats from my Kurdish friend (please treat all as rumor and please do your own sound diligence). My guy indicates that although the HCL is not technically done , it most likely will by years end . Too much pressure being put on the GOI for them to put this off. Now having said that, can we equate implementation soon after of a RV/RI/ RD. The short answer is NO, many additional laws need passed, handling of the budget crisis , true proof of the start of a market driven economy and progress of the country’s security situation are all barriers to overcome. These will all take many, many months as outlined in their timeline announcements of a 4 year plan.
11-16-2014 Newshound Guru Millionday WE OBVIOUSLY HAVE MANY LAWS WE ARE WAITING ON AND I HAVE GUESSED ALL ALONG THAT THE ONLY WAY THEY CAN BE CONSTITUTIONALLY SOUND AND LEGALLY COMPLIANT IS TO DO A MASSIVE PRINT OF LAWS AND ALL AT THE SAME TIME –THE UNIFIED GOVERNMENT ACTUALLY GETS ALONG VERY WELL AND THIS INCLUDES THE KURDS PER ANNOUNCEMENT THEY MADE SO AS THIS SAYS THE NEXT FEW DAYS WILL BE SHOWING THE PASSAGE OF MANY LAWS. THEY HAVE BROKEN THEM DOWN TO PRIORITIES AND THE FIRST IS — FINANCIAL — WHOOOPOW! FINANCIAL– POLITICAL–THEN ALL OTHERS.
11-16-2014 Newshound Guru Millionday THEY HAVE REPORTED THEY WILL NOT BE OFF WORK UNTIL THE BUDGET IS PASSED AND THEY HAVE ALSO HELD ALL HOLIDAY FOR THE PASSAGE OF LAWS THAT HAVE BEEN SITTING ON THE SHELF AS SOME OF THESE HAVE WITH GOOD REASON BUT — WE LIKE THAT 200 OR SO WILL BE DONE AT THE SAME TIME IN THE NEXT FEW DAYS — PROGRESS FOR SURE AND A HUGE CLUE THAT THEY ARE IN A DIFFERENT POSITION…SOUNDS LIKE THEY FEEL IT IS TIME TO PASS WHAT HAS BEEN ON THE SHELF.
11-16-2014 Newshound Guru Millionday CBI MADE AN ANNOUNCEMENT THAT THEY ARE PREPARED TO RAISE THE VALUE OF DINAR AND ALSO RELEASE THE MONETARY POLICY THEY HAVE PREPARED ALONG WITH RELEASING THE INTERNATIONAL RATES TO THE US DOLLAR. THEY STATED THEY ARE WAITING FOR THE RIGHT TIME IN THE REPORT. [will they be changing in country and then international or all at once?] THE CHANGE IN VALUE OF THE DINAR TO ENTER THE MARKET ECONOMY WOULD HAVE TO BE DONE ALL AT THE SAMETIME FOR THE REFORMS TO BE SUCCESSFUL.
11-15-2014 RUMOR Guru Mnt Goat The major emphasis this week appears to be the continued effort for “full” Erbil Agreement implementation. This was the agreement signed in 2010 to help unify Iraq and list the necessary reforms and laws so they could join the rest of the world as a civilized society and a financial powerhouse. Abadi is pushing forward in a rapid pace to implement all these reforms and laws. Let’s look at just some of this week’s progress: The oil and gas law has its first reading and the second reading is expected for this weekend…Finally they agree. This means they now have the basis for a budget. The two are so closely interconnected. the banks now have the coins as the auctions prevailed. The lower denoms have been ready for distribution for months now. now fully capable of trading on NAZDAQ international exchange. announcement this week Iraq intends to “fully” implement the Tariff law beginning in 2015.
11-15-2014 RUMOR Guru Mnt Goat Unfortunately I do not see Iraq as being fully ready. This is my opinion… I do know that Erbil Agreement is not yet fully implemented. But then again Iraq is in a state of financial crisis. I am hearing Iraq needs money desperately and they need it now. I assure you the rate will be equal to or greater than the pre-war value. The exchange will be easy and you will be happy. I believe we are in a rare opportunity and window like never before. In the coming days we should expect the RV.
11-15-2014 Newshound Guru tlm724 Article quote: “a long series of legislative actions make waiting Legislative maturity costly and enters Iraq in more years of lost development…” Their lack of legislative reform has stopped all progress and that includes an increase in the value of the dinar! …exactly the point [Guru] BondLady has made all these years! Now Iraq can go forward with laws, foreign investors and investment, trade and exports, taxes… all the things we needed to see all these years!
11-15-2014 Newshound Guru Aggiedad77 It is early Saturday and already we are seeing more news about oil, cooperation, 2015 budget, more US intervention in Iraq…and the list will probably continue to grow today. All in all…it is news that is headed in the right direction…the cooperative efforts that we are seeing is a continuation of the promises that Abadi made when he was made PM…following after such a horrendous 8 year reign by his predecessor it will take time to put the cart back on its wheels and get it rolling again in the right direction.
11-15-2014 Newshound Guru tlm724 Article: “Resolve the dialectic of the export of oil between Baghdad and Erbil” they have settled ! an agreement has been made and the world rejoice! the HCL is coming! They are on a fast track to success.
11-15-2014 Intel/Newshound Guru Backdoc WE HAVE SEEN IRAQ GO FROM DULY ELECTED, TO FULLY FORMED, AND NOW IT’S UP TO THEM TO SHOW OZ THEY ARE FULLY FUNCTIONAL TO COMPLETE THE REMAINING STEPS AS WE ALL AWAIT! (Oz = IMF, WORLD BANK, U.S.TREASURY, AND CBI) GIVE ME A “H”, GIVE ME A “C” GIVE ME A “L”. IT’S ALL FOR ONE AND ONE FOR ALL!! THESE ARE MY OWN THOUGHTS AND OPINIONS.