Iraqi Dinar Guru opinions 12-7-14
Iraqi Dinar Guru opinions 12-7-14
12-7-2014 Intel/Newshound Guru Poppy3 NOW THAT THE HCL IS AGREED ON AFTER YEARS AND THEY RUSHED TO EVEN SET A TEMPORARY HCL IN PLACE, WHY IN HEAVENS NAME WOULD THEY NOT RELEASE A RATE ASAP? LET ME SAY THEY WILL. THEY ARE ABSOLUTELY FROM ALL THE NEWS TIEING UP EVERY SMALL DETAIL AND PREPPING TO RELEASE THE RATE JUST DOESN’T MAKE SENSE TO RUSH IN EVERY WAY AND THEN STOP! DOES IT.
12-7-2014 Intel/Newshound Guru Poppy3 ABADI…HAS NOT LET THEM TAKE ANY TIME OFF PERIOD. THEREFORE HE WANTS THE RATE AND IS DOING EVERYTHING POSSIBLE TO GET TO A PLACE WHERE THE CBI FEELS CONFIDENCE TO RELEASE IT. DOESN’T MATTER THE DAY OR DATE LIKE A 15TH OR FIRST OF ANY MONTH BUT THE DAY THEY FEEL CONFIDENT THEY WILL RELEASE PERIOD. IT CAN BE AT ANY MOMENT LITERALLY.
12-7-2014 Newshound Guru Kaperoni Article: “Rafi Abd al-Jabbar: the previous government brought Iraq to the brink of collapse” Unfortunately this is true in many ways. Not only financially, but economically and with the ISIL problem now much of these provinces are now having years of infrastructure damaged. ISIL does not leave without ruining everything in its path. That being said…nobody knows just how long or how much of this is going to have to be repaired before the banking system can open up to the world. This is an unknown and despite the progress we see and the timeline we think, it could be the one cog in the wheel we just cannot find the answer too. The true effects of leaving Maliki in office for as long as he was may not be felt until years from now….the banking system must be solid for the world to participate. I would expect that is why the World Bank was given that task from the beginning. All the recent news of theft, money laundering has me wondering if the banking system is anywhere close to being ready for global activity.
12-7-2014 Intel/Newshound Guru Backdoc IF IRAQ WANTS TO GET GOING AND DIVERSIFY THEIR ECONOMY THEY NEED A RATE TO DO IT. ALSO THE TARRIF LAWS CANT BE IMPLEMENTED WITHOUT A RATE. WHAT GOOD IS A BUDGET WITHOUT A RATE? HOW COULD IT BE OPENED UP TO THE PUBLIC? REMEMBER THEY SAID ONE BASKET! One vote!
12-7-2014 Intel Guru Frank26 They will be silent on 2015 budget until around the 17th. AND…So will any further news on the HCL as it is buried deep in the budget on purpose.
12-7-2014 Newshound Guru Millionday Article quote: “the tariff law takes into account the provisions of facilities granted under the Investment Law No. 13 of 2006, as amended on imported goods exclusively for the purposes of investment projects, so come in order to attract the maximum amount of investment companies and businessmen to work in Iraq.” Quote: “The Iraq plans to join the organization global trade and this joining is required country to deal flexibly with the external economy “, calling at the same time to create a balance and activate production bases in the Iraqi economy while keeping an openness to the world in freedom of import and export.” Tariff creates a local industrial base; Iraq and WTO; Iraq Investment Law!!! (HUGE)
12-7-2014 Newshound Guru Stryker Sovereign Bonds: We should start hearing news about Bond offerings through the Central Bank of Iraq to support the Monetary System and not for projects. Last year these Bonds were to go on the Bond Market but were cancelled due to postponement of the deletion of the zero project. So it only makes sense that the CBI would offer these as we get closer. This bonds will be offered in Iraq’s currency (IQD) and not in the USD. Yesterday we had news that the government may adopt the issuing of Sovereign Bonds. These would be to support housing projects and the private sector that would help out next years budget deficit, since these cost would not come out of the budget itself.
12-7-2014 Newshound Guru Kaperoni The dinar you and I hold is part of a controlled leak by the CBI. They know exactly how much was sold with the intention to bring it back through the world’s central banking system.
12-7-2014 Newshound Guru Enorrste Article: “A member of the parliamentary Economy: a meeting this week to find suitable solutions to support the economy” Abadi has shown that he wants to race to the finish line when it comes to the Iraqi economy and the restructuring of the currency. Second, the CBI is on record that the process will begin to be rolled out in the “early part of 2015.” I am not at all pessimistic on this matter. Third, the “basket” of laws is already in the works, according to statements from parliamentarians. Therefore, it seems that a plan has been made and is in the process of being implemented on a time schedule that has already been announced. That being said, I see no reason to backpeddle our thinking at this point. Of course this is Iraq…
12-7-2014 RUMOR Guru THE HCL/OIL AND GAS + GOI = RV. EQUATION IS NOW COMPLETED AND MANY DO NOT EVEN REALIZE THAT YET. ALL WE ARE LOOKING FOR NOW IS THE RATE, WHICH WILL BE PRESENTED UNDER IMF ARTICLE VIII, AND IRAQ SHOULD BE MAKING A WORLD TRADE ORGANIZATION ANNOUNCEMENT, WHICH WILL TIE INTO THE OFFICIAL TARIFF ACTIVATIONS WITHIN THE COMING DAYS, AS THE 2015 BUDGET IS PRESENTED SIMULTANEOUSLY.
12-6-2014 Intel/Newshound Guru tman23 We can talk market economies until we are blue in the face…The WTO…The stock market…The biggest point to be made is market economies do not happen over night…and Iraq needs infrastructure and that takes time to build…and workers need security and feel safe…Iraqis have minimal skill so foreign workers need to be on site…That being said…they import just about everything and have lost 40% on their main export income…so the best thing going for them is they have an undervalued currency that can be adjusted and provide them more purchasing power on imports…And 1 – 1 isnt the answer.
12-6-2014 Newshound Guru Enorrste Article: “Foreign investment to support the economy” Anytime we see articles pushing “more than ever” for international investment in Iraq this must be a good thing. No serious investment will occur until Iraq moves to Article VIII and begins to float its currency on the international market.