Iraqi Dinar Guru opinions 12-29-14
Iraqi Dinar Guru opinions 12-29-14
12-29-2014 Newshound Guru Millionday ANNOUNCEMENT BY THE GOV OF CBI — THEY ARE ALL READY FOR THE 2015 BUDGET… THE IRAQI ECONOMY AND ALL OF THE CHANGES ARE HUGE AND HAVE TAKEN YEARS. CBI CONTROLS THE ADVANCEMENT OF THE EXCHANGE RATES — THEY ARE INDEPENDENT BUT THEY ALSO NEED THE LAW UPHELD AND TO WORK WITH THE GOVERNMENT IN THIS. THE BEST PART IS THEY ARE READY FOR THE BUDGET… THEY DO NOT HAVE IN INK IN THE PAPER THAT THE BUDGET HAS BEEN VOTED THROUGH TODAY…BUT, THEY ALSO HAVE PRINTED THE BUDGET AND ALSO SENT IT TO THE IMF WHO HAS MADE COMMENTS ON THE BUDGET OF 2015 FOR IRAQ…THEY ARE SAYING THEY ARE EXPECTING IT SOON (BUDGET).
12-29-2014 Newshound Guru tlm724 Article quote: “the Kurdistan Parliament Tariq essence, on Sunday, there is no problem between the central and Kurdish governments in the implementation of the Convention on Baghdad – Arbil, indicating that it will enter into force after the approval of the 2015 budget.” *hallelujah* will ya look at that, thats the Erbil agreement ! …check it off the list any minute now.
12-29-2014 Intel Guru Delta MONDAY WILL BE THE LAST DAY FOR ISX, THEY WILL COME BACK ON 01/11/15. NOT THE 7TH….THEY CHANGED IT… SOMETHINGS GOOD IS BREWING! [ I would think that if the ISX comes back on line January 11th, they should have a rate in place 7-10 days prior.] I AGREE. CBI DON’T HAVE TO WAIT UNTIL THEN.
12-29-2014 Newshound Guru Enorrste Entry into Article VIII, as I understand it, requires an internationally recognized currency. The current dinar is not internationally recognized. When they initiate the float it will become internationally recognized. At that same time the street rate and the official floating rate will be the same, which satisfies the 2% rule. The IMF has called for Iraq to change its exchange rate regime. They have called for that before allowing the move to Article VIII. Therefore, it is my view, and I think KAP [Guru Kaperoni] and I agree on this, that the float would precede moving to Article VIII.
12-29-2014 Intel/Newshound Guru tman23 I would advise everyone to be on alert this evening and tomorrow [Monday] morning for possible rate reinstatement that is effective for 72 hours…I know it is insane but just keep on your toes, we don’t know how they are going to roll this out but there is no doubt it is coming…Also note I received an email “it is Christmas time” in Iraq… xmas was 2 days ago…So I am just saying be prepared! And I do believe “time will be of the essence” with regards to exchanging.
12-29-2014 Intel Guru TD Chats with my amigo to share (Treat ALL as rumor and please do your own sound diligence). Well as 2014 closes and 2015 opens Iraq is hopeful and poised to overcome it’s challenges and find it’s footing as a viable, united country. So what can we expect in the new year? All past lessons point to no concrete predictions but we can focus on “hints’ to reach better probability outcomes. I reported months ago for “TWO Currencies’ to Co-exist going into 2015 and we have already seen the new 10K, 20K notes already being integrated and exchanged. Early in 2015 we will see the 50K note also being used. This is part of the process of retiring the older notes with the security enhanced new notes. The “hint” in this move tells us that currency reform has several plateaus and actual rate change is way down in the to do checklist.
12-29-2014 Intel Guru TD The budget I’m told will indeed pass with flying colors and it is based on $60 oil price and current monetary exchange rate (1166). Keep in mind the budget does NOT have to reflect a rate change, just a rate. The numbers in the books can be modified at any time with ease. The Abadi administration has curtailed the ISIS onslaught and now the goal of having moderate Sunnis on board to retake lost territory is a major goal in 2015. The Abadi administration is reaching out to it’s neighbors, particularly Turkey to proceed with joint ventures: joint banks, Turkish businesses and companies investing into Iraq, etc.
12-29-2014 Intel Guru TD A tell tale sign of progress and transformation into a market driven economy in 2015 will be the announcements of these neighboring countries and it’s companies ACTUALLY signing contracts and entering Iraq to do business with. Turkey…is the “close template” of Iraq’s monetary reform programs and in the end the eventual done reforms will greatly resemble Turkey’s. Lastly, the GOI indicated a few months ago their 4 year goal of finishing and implementation of economic reform initiatives. 2015 (IMHO) represents the first quarter. The game may actually finish though by half time. This (I’m told) is their goal.
12-29-2014 Newshound Guru sczin11 [3 days to exchange?(reference tman23 post 12-29-14)] BY INTL LAW AND GUIDELINES, NO, BUT THIS IS IRAQ. [can you confirm the date of the next Parliament Session (when budget will be voted on , approved, opened and activated)?] THEY STATE JAN 7, Thats ALL THAT IS IN INK. IMHO, AS STATED BEFORE, BUDGET IS DONE.. I AM LOOKING FOR ONLY ONE THING… [And that one thing being Shabibi back?] SMILE.
12-28-2014 Newshound Guru sczin11 [WHAT IS THE STATUS OF THE BUDGET, IS IT PASSED AND IN THE READING STATUS, JUST WAITING TO BE PUT IN THE GAZETTE OR IS IT FINISHED?] IMHO, IT IS DONE! [when do you feel this will happen] I DONT LIKE THE DATE CALLING, WHAT I WILL SAY, IF NOT NOW…THEN I HAVE NO CLUE…THE STAGE IS SET, THE PLAYERS ARE ON THE FIELD, WE AWAIT THE FIRST PITCH, THE HONORARY FIRST pitch, being thrown out by non other than….DR. SINAN AL SHABIBI…JMHO.
12-28-2014 Newshound Guru Enorrste The plan is still in play, although delayed a couple of years by Maliki. With Shaibibi returning we should have every expectation that he will insist on implementing the plan as quickly as possible. After all, he worked it out with the IMF to implement it in 2012. And, at nearly 80 years of age, he isn’t going to just sit around and wait another 4 years to implement his “baby project”. Doesn’t this make perfect sense? I am…excited! We are definitely on track, folks. Hang in there.
12-28-2014 Newshound Guru Arthur The list of accomplishments the abadi government has achieved in a relatively short period of time are too numerous to cite, but its safe to say that it is now hard to find many things that we can easily find that they still need to do in order to achieve their final sovereignty that would engender an atmosphere conducive for WTO ascension and Article VIII entry with an international economy and currency like their middle eastern neighbors many of which possess nowhere near the current or future wealth of Iraq. Which brings us to the question I like to call the big camouflaged elephant sitting in the front room with its big crusty feet propped up on the living room coffee table. And that is rather or not the new revalued rate is in this soon to be released budget.
12-28-2014 Newshound Guru Arthur As much as I would like to join the growing chorus of people announcing that it positively is, look and search and dig as I have, I have found no absolute definitive proof that it will be there when this budget is initially released. So far all we have been allowed to discern based on the body of information we currently have is that this budget has been calculated in the trillions and trillions of dinar which, on the surface at least, can only lead us to the conclusion that this budget is being opened at the current rate, which of course would be what any country in this situation would want the world to think in order to quell any early and damaging speculation… nevertheless, so far they are doing a remarkable job of hiding any hints that the rate is currently in the budget if indeed that is what they are trying to do.
12-28-2014 Newshound Guru Arthur As for the timing of the budget itself, based on all I have seen in their media rather true or contrived we will soon find out, we appear to be looking at a back wall of some time shortly after January 7th, with the following UN update being Jan 15th, to see the budget open and completely implemented throughout the entire country although there is nothing I can see that is totally stopping it from happening anytime from the 1st of Jan on. But the exciting thing we do know for sure however is that, for the very first time in this investment, we are definitely about to witness an international market economy in Iraq. An international market economy means an international market driven IQD that we all hold and that in itself is enough to take me to a 9.8 on a scale of 1 to 10 on my excitement scale as we enter into the beginning of 2015.
12-28-2014 Intel/Newshound Guru Poppy3 THE RATE IS MANDATORY PERIOD. THE HAVE BUSTED THEIR BUNS TO COMPLETE THE BUDGET AND IT IS USELESS WITHOUT THE RATE. A RATE IS COMING…THEY GOT THE MONEY READY AND ARE SAYING THEY ARE GOING GLOBAL NOW. STATED TODAY THEY NEED NO MORE READINGS AND CAN PASS THE BUDGET OFFICIALLY. THEY ALSO SAID TODAY THEY WILL HAVE ANOTHER CALLED EMERGENCY MEETING JUST TO VOTE TO PASS THE BUDGET COMPLETELY TOMORROW. THE OIL PRICE THAT HAS DROPPED TO $60.00 PLUS DOESN’T EFFECT OUR RATE… REMEMBER BACK WHEN IT WAS AT $3.22 THE OIL PRICE WAS $31.00. THE RATE WILL BE VERY GOOD.
12-28-2014 Newshound Guru tlm724 Article quote: “the second reading of the draft budget for 2015 will be in the next session of the House of Representatives, which will not drag on more than one session” [So…when is the next session?] Jan 7th.