Iraqi Dinar Guru opinions 12-9-14
Iraqi Dinar Guru opinions 12-9-14
12-9-2014 Newshound Guru Millionday Quote: “The economic expert is expected to increase the purchasing value of the Iraqi dinar taking advantage of the economic strength of the dollar”. THE RAISE OF THE US DOLLAR RAISES THE BASKET OF CURRENCIES AND WE ARE THE LARGEST PURCHASERS/CONSUMER OF OIL — SO… THE GROWTH IN VALUE HAPPENED BUT THE PRICE OF OIL WENT DOWN SO IT HAS A PARTIAL GAIN DUE TO THE MARKET. SO IN OTHER WORDS THIS IS A GOOD TIME TO INCREASE THE PURCHASING POWER OF THE DINAR.
12-9-2014 Newshound Guru Stryker Article QUOTE: “Ali Fayad, said Speaker of the House adviser on energy, on Monday, that the political atmosphere between the province and the center of political and other blocs are ripe for the enactment of the oil and gas law and the formation of the Supreme Council of the oil policy” ONCE AGAIN THERE ARE TALKS ABOUT THE TIME BEING RIGHT NOW TO PASS THE OIL & GAS LAW DUE TO THE DEAL STRUCK BETWEEN KURDISTAN AND FEDERAL GOVERNMENT.
12-9-2014 Intel/Newshound Guru tman23 Kurdistan Parliament is continuing work on an independent Kurdistan Constitution to be completed near term August 2015…and will vote for a referendum for an independent Kurdistan if Baghdad doesn’t live up to the agreements and/or doesn’t/can’t get its s*** together…The Kurd constitution being written WRITES OFF THE USE OF THE IQD AS IT”S OFFICIAL CURRENCY…Also the Kurds have said they had enough of Maliki accusations in the press and the GOI needs to take action immediately against this man who placed Iraq in disaster and continues to hurt the country…There is a lot of chatter in Kurdistan over the CBI and LACK OF in Kurdistan…And…BIG ribbon cutting ceremony in Erbil on Grand Opening of Blom Bank…HUGE…!!
12-9-2014 Newshound Guru Kaperoni Article: “Zebari: the dinar exchange rate remains stable” Quote: “views the exchange about the role of the International Monetary Fund to help Iraq through this difficult phase of the Iraqi economy.” The key is it appears Iraq has turned to the IMF for help. And they will follow the rules even more so now. Which takes me back to the IMF Article IV consultation! Article VIII and a gradual appreciation.
12-9-2014 Newshound Guru Millionday Article quote: “The Prime Minister Haider al-Abadi, on Monday, that Iraq is facing a cash crisis due to the decline in world oil prices, and that it was taking measures to address the real problem, starting with the reduction of salaries in the Council of Ministers.” [why would they accept to decrease their own pay unless they know the value will rise…?] I DONT SEE ANY UPROAR ABOUT IT EITHER NOT EVEN A REPORT STATING WHAT THEY THINK ABOUT IT OR HOW THEY DISAGREE — THIS SHOULD BE INTERESTING.
12-9-2014 TOTAL RUMOR Guru [Vietnam has been exporting for years without an RV; could that happen in Iraq as well?] Any country can say that they want to raise the value of their currency. There is a Global Currency Reset (GCR) for 200 countries based on Basel III protocols, and those 200 countries are not just wandering around saying, “Hey, I wonder if there is gold under that mountain”. That has to happen to do a GCR – they had to have a foundation, and they chose the Iraqi dinar. China chose Vietnamese dong, because everything in China is built in Vietnam. So Iraq has discovered all these new oil wells, and Vietnam found all these assets to bring up their reserves. Any country has foreign currency reserves, and that adds to the artificial manipulation designed to create this GCR.
12-9-2014 RUMOR Guru [Vietnam has been exporting for years without an RV; could that happen in Iraq as well?] Iraq has a plan and very bright people to execute it over the last ten years; otherwise the Iraqi dinar would just float on the market. They have done many studies and very worked out plans over the last ten years to deal with explosive growth. Vietnam has done some of that, but not as publicly, so they cannot really say what the dong could justify. They are having to use reserve-based theory to revalue their currency.
12-8-2014 TOTAL RUMOR Guru Friday we knew there was a window, and there was too much time – it was 36 hours, and they announced the time themselves. It didn’t happen. We still don’t know the real reason it was delayed this weekend or why it’s taking this long. Last night and this morning there are meetings going on. The celebration starts tomorrow. They are not saying “by the 5th or the 8th” but they are saying “economic reforms are ending.” You need to see that we are just that close. It could be any day, any moment.
12-8-2014 RUMOR Guru Abadi is back in country and they have passed a few more laws…they have a three-day holiday starting tomorrow, so it’s a low week in Parliament. They were ready this weekend, three different times…The US delayed it Friday, on Sunday morning Iraq wanted a little time to coordinate, and when they got underway again, the US blocked it again…the UN is now upset at the US administration for blocking this again. People are upset in Iraq, and they have changed some of their news notifications to say “the economic reform is occurring, will be done in a few days”. However, it is widely known they are waiting on the US, so people are pretty aggravated at the US for obvious reasons. Iraq is very much ready. They are having meetings right now between all the major players here, in Iraq, Bank of England, etc, trying to coordinate another time right now. It was supposed to go this last weekend, and now there is a new time. If no one gets in the way, it will get done. [Do you think we will get this before Christmas?] I do. This weekend, the delays were 18 hours and ten hours. It’s hard to justify days or weeks now. It’s hours.
12-8-2014 Newshound Guru Millionday Article quote: “Araji said that he “will be put accountability, justice and the law of prohibition of the Baath Party, and the subject of the tax amendment exempting role and low cost young ones granted to employees, in addition to the Ministry of Electricity and future plan, time and ceilings of projects and investment…” …TOMORROW THE AGENDA INCLUDES THE TARIFF LAW. SO AS WE SEE THEY ARE WORKING TOMORROW — WHO KNEW.
12-8-2014 Newshound Guru Stryker Budget Update: The committee had until the 10th to turn the draft into the Council of Ministers for their approval. Some articles are stating that it has not been done where others are saying it has been done. I believe they have received it and the Council of Ministers will vote on it this week and it will be to parliament either this week or next, either way it still looks real good in getting it passed this month. In preparation for relieving the stress off next years budget along with attracting foreign investors, Iraq and the World Bank have signed a memorandum of understanding to provide assistance in the fields of legal, technical and financial. Now, more than ever they need these Investment Laws approved and implemented and do not have any excuses to do so.
12-8-2014 RUMOR Guru THERE ARE MANY FACTORS AFFECTING THE CE AND THE ECONOMY OF THE WORLD. CRUDE OIL: DOWN $2.47 TO $63.47. THATS HUGE…. WHY? A ‘NEAR PERFECT’ INDICATOR THAT ALMOST PRECEDES EVERY STOCK MARKET CORRECTION IS FLASHING A WARNING SIGNAL IS FALLING OIL PRICES. PROBABILITY: ON THE CE/GLOBAL RESET WINDOW, WE SHOULD SEE OIL NEAR $55, GOLD UNDER $1100, SILVER UNDER $15. ALL RARE METALS SHOULD FOLLOW SUIT. BE OPTIMISTIC YET PREPARED. THE NUMBERS ARE 3.33 TO 11.11 BASED ON WHO OR WHERE YOU ARE.
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…