Iraqi Dinar Guru opinions 12-8-14
Iraqi Dinar Guru opinions 12-8-14
12-8-2014 Newshound Guru Millionday THEY ARE PUSHING…TO MOVE IRAQ TO A GLOBAL TRADE COUNTRY… [we know the cbi will change the rate, but who will actually change the country to a market economy, GOI or CBI?] BOTH WILL, THE THING ABOUT MOVING TO A MARKET ECONOMY THE DINAR IS ALSO GIVEN A PRICE AS THEIR PRODUCT OF FINANCE AND THE LAWS OF THE GOV PUT THEM TO A MARKET ECONOMY. THE CALL HAS BEEN MADE TO PUT IN PLACE THE LAWS FOR THE TRANSITION…BUT ALL HAS TO BE DONE AT THE SAME TIME — SO THIS SHOULD BE INTERESTING. THERE ARE ALSO LOCAL LAWS THAT NEED TO BE CHANGED TO THE NEW LAWS FOR A MARKET ECONOMY BUT…THOSE LAWS…WERE DONE BY THE PREVIOUS GOV AND ARE ON A SHELF.
12-8-2014 Newshound Guru Millionday Article quote: “confirmed Tamimi that “next year will witness a qualitative shift in the Iraqi market position through the practical application of the ground and create the conditions necessary for the construction of the Iraqi economy.” SHE IS SAYING THAT THEY WILL HAVE BY NEXT YEAR ACTIVATED THE LAWS IN WAITING TO TRANSITION AS THE CONSTITUTION STATES… THEY HAVE TO HAVE A REALITY EQUATION IN ORDER TO ENTER FAIR TRADE…IT IS GLOBAL ECONOMICS. [Will we see the move before the end of December?] WE DONT KNOW BUT…THE REALITY OF THE ECONOMY IS THE FIRST STEP — THERE ARE THREE TO ENTER A MARKET ECONOMY AND THE FIRST IS THE REALITY OF THEIR ECONOMY.
12-8-2014 Newshound Guru Millionday SO ALL GOOD NEWS AND ABADI IS BACK SO WE SHALL SEE WHAT COMES OF THE LAWS ON THE SHELF — THEY ARE ANNOUNCING DAILY IT SEEMS OF THE TRANSITION TO A MARKET ECONOMY — PRETTY SOON THE CITIZENS ARE GOING TO START MARCHING IN THE STREETS… THE PRESIDENT IS STATING THAT THEY HAVE TO HAVE THE MEETING OF NATIONAL RECONCILIATION…SO WE SHALL SEE WHAT COMES OF THE MEETING THIS WEEK — IT IS TO MOVE THE ECONOMIC REFORM SUCCESSFULLY SO IT SHOULD BE INTERESTING.
12-8-2014 Intel Guru SteveI Iraq wants and will get this new budget done before the New Year. I still think this is our year, so get your plan in place. [ I believe the article was on Dec 1st that stated the budget would be ready for Parliament with in 7 to 10 days? Have you heard whether this time frame has changed?] Yes, the time frame is correct. We believe that the closing of the 2014 and rolling it into the 2015 budget, and adjusting it to a real number based on the oil price has finally been done. I truly believe it will get done before the new year. Date? not yet. Rate, Yes, same as my previous predictions…it will be close to the bordering countries. [ I have read some articles stating that stability in the country is getting much better?] This is absolutely true. Our sources say that is pretty much under control and not an issue. Huge progress.
12-8-2014 Intel Guru SteveI [Based on what you know and what you [Guru] Ray are hearing, is the budget the only holdup right now, or are there other things as well?] After trying to figure this out…what sure seems to be pointing to the last accomplishment is the budget…had the budget been passed before the necessary laws, would it have worked? Answer – No. Now that HCL is agreed upon, and may laws we never heard about, we are sure on our way. [it was said…that the budget has nothing to do with the RV, that CBI is in charge of when they release the new rate and at what rate, regardless of the budget.] …the budget and a currency value do go hand in hand. Yes, the CBI is in 100% control of the currency rate is a part of the model of a plan that can be achieved over a period of time. This partnership has to be on the same playing field (for the lack of better term). This will be done as one, not one against another.
12-8-2014 Newshound Guru tlm724 …the investment promotion phase has been completed to the fullest picture…stage is set, tariffs will be imposed on all imports and this will open the door for investment, getting the money flowing back INTO Iraq!
12-8-2014 Newshound/Intel Guru BGG My take – things are in overdrive right now…Abadi appears to be working overtime to get all kinds of reforms and elimination of the old guard put in place…there are some points of contention within his political structure – but he seems to be having some success up until now…he has promised (and delivered) change in the Army, Intelligence, CoM, Judiciary, CBI (coming)…Currency reform was a very public topic… shortly after the elections…however it appears they are balancing the government (and maybe going to deal with Allaq) before they are able to address the Dinar but to me it’s all moving at “break-neck” speed…[forget Allaq do the dinar first.] He’s the Gov of CBI – he’s the trigger man…
12-7-2014 Newshound Guru Stryker Custom Tariffs and WTO: QUOTE: “The Iraq plans to join the organization global trade and this joining is required country to deal flexibly with the external economy” 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” …we should start hearing news about the implementation of the custom tariffs and Iraq movement into the world trade thru the WTO…
12-7-2014 Newshound Guru Bondlady Article: “Deputy likely arrival of a draft budget bill to parliament early next year” after vacation it should be ready to be passed hopefully by 1/15…which is relativity quick for them, they usually hurry to pass it then go on vacation. then spend months afterwards fighting over it before it gets gazetted… this time they’re trying to change that and get stuff worked out before the readings which will let them actually open it a lot sooner than they have before.
12-7-2014 Newshound Guru tlm724 Article quote: “…the revitalization of the financial market will be through the launch of the trading rights of debt bonds issued by the Ministry of Finance” …when we see these sovereign bonds about to be issued we will know they are about to do a increase in the dinar , these are what [Guru] Shredd has been waiting for. We have to see the CBI make the move and this article is from an economic researcher which is good, give the CBI a push and Saleh KNOWS it has to be done because it will generate more revenue for them…now that Saleh has Abadi’s ear we will see rapid changes on the bond front.
12-7-2014 Newshound Guru OOTW FROM THE COM [COUNCIL OF MINISTERS] SITE: “Secretary General of the Council of Ministers following the special meeting to review the strategic directions of the ministries under the government program 2014-2018″ THIS IS VERY IMPORTANT EVERYONE – THE PREVIOUS NATIONAL DEVELOPMENT PLAN, AUTHORED UNDER MALIKI, CONTAINED INFORMATION WHICH WAS NOT (AT LEAST AS IT WAS WRITTEN) SUPPORTIVE OF US SEEING A CHANGE IN VALUE OF THE CURRENCY. HOPEFULLY THIS NEW PLAN WILL BE COMPLETELY INDEPENDENT IN ITS COMPOSITION, VS THE OTHER UNDP [United Nations Development Programme].
12-7-2014 Newshound Guru Stryker 2015 Budget Update: QUOTE: “The Council of Ministers is determined to finish the preparation of the general budget for 2015 in the coming days and before the end of the financial year in the form that suits the global oil prices.” According to several news sources today the Cabinet of Ministers has received the draft budget from the Five Member Committee and is preparing it to be sent to parliament in the next few days.