Iraqi Dinar Guru opinions 2-2-15
Iraqi Dinar Guru opinions 2-2-15
2-2-2015 Newshound Guru Millionday NOTE — THE PRESIDENT HAS RELEASED THE BUDGET AND ANNOUNCED IT AS LAW ON THE WAY TO THE GAZETTE — IT IS NOTED PER THE PRESIDENT. [there has been much talk of IF the rate is in the budget OR not…?] ALL DATA WOULD BE CHANGED WITH A CHANGE IN THE RATES AND PURCHASING POWER OF THE DINAR — THIS WOULD BE DONE BY ELECTRONIC E-GOV ENTRY — THE BUDGET AND ALL FIGURES — BENEFITS — PRICES — UTILITIES EVERYTHING WOULD BE CHANGED ALL AT ONCE IN ORDER FOR IT TO MAKE SENSE — ANY CHANGE WILL BE RECORDED IN EVERYTHING FINANCIAL.
2-2-2015 Newshound Guru Enorrste Article: “D. Ali Mirza *: 2015 budget and determined to cap the dollar sales in the auction currency of the potential application of consequences” The way I see this…Within the budget the Parliament passed is a requirement that limits the daily auction of dollars to $75 million. This is a function of the CBI and the Parliament does not have the right to do this. In their attempt to keep things under control, the CBI announced that it will pay foreign accounts in dollars and bypass the auction through this method. This is not their first choice, but allows them some latitude as we go forward. If they did not do this imports would shrink due to the cap at the auction.
2-2-2015 Newshound Guru Enorrste I speculate that either Abadi or the CBI, or both, will sue Parliament in court over this illegal move. Furthermore, the IMF must be totally pissed off at this intrusion on the CBI’s legal options…today that the World Bank is stepping in to offer whatever assistance they can to keep the financial ball afloat. This is a very serious matter and it will come to a head shortly, in my view. It is not only illegal but will also have negative consequences… This MUST get unraveled, and soon, in my opinion.
2-2-2015 Newshound Guru Aggiedad77 Article: “Kurdish MP in Baghdad: Erbil – Baghdad Oil Issue Resolved Commission on oil and energy: the oil agreement between Baghdad and Erbil entered into force” The Kurds are happy…they have a signed agreement that is now part of the budget for 2015…forthcoming from the COM and oil commission joint committee will be a completely re-written oil and gas law…PM Abadi is expecting total cooperation not only in the draft of this law….but swift and speedy passage within Parliament…He has the attention of all who are drafting this effort…and through Speaker of Parliament Jubouri all members of Parliament as to the seriousness and need for speed on this issue…I’m wondering…can we possibly see this happen by the 12th…
2-2-2015 Newshound Guru Millionday THE LAW (HCL) IS IN PARLIAMENT… REMEMBER THAT THE HYDRO CARBON LAW IS AGREED UPON AND…THEY ARE SAYING THAT MOST INVESTORS WANT TO INVEST IN THE OIL SIDE OF THINGS AND ARE WAITING FOR THE LAW TO BE IN PLACE — DUE TO THE IRAQI OIL COMPANY. THE OIL LAW PUTS THE IRAQ OIL COMPANY BACK IN BUSINESS WITH THE GLOBE AND EXPORTING ETC. [When will they vote on the HCL and the Article 140 in Parliament?] THEY ARE EXPECTED THIS WEEK — THEY HAVE SOME REPORTS OUT THAT THEY ARE ON HOLIDAY BUT WE DONT EXPECT ANYTHING ON HOLD DUE TO THAT…
2-2-2015 Newshound Guru sczin11 THE CBI APPEARS TO BE ” BREAKING THE LAW” ALREADY…TODAY THEY BROKE THEIR OWN LAW, JUST PASSED LAST THURSDAY AS PART OF THE BUDGET… SO WHY YESTERDAY, JUST UNDER THE CAP? WHAT A GAME…MORE IMPORTANT, OR NOT, THE MARKET RATE IS HIGHER THAN I CAN EVER REMEMBER…MARKET RATE 1250!! THE LAST TIME MARKET RATE WAS IN THIS VICINITY, WAS JUNE, 2013…RIGHT BEFORE THEY WERE RELEASED FROM CHAPTER 7! [isn’t Cbi independent. do they have to abide by the 75 million?] THEY HAVE TO ABIDE BY ANY “LAW” ESTABLISHED BY THEIR GOVT…THE GOVT STILL CONTROLS ADMIN AND OTHER PARTS OF THE CBI, ALTHOUGH THEY ARE DEFINED AS AUTONOMOUS AND THE GOVT MUST BE INVOLVED IN MONETARY POLICY AS WELL ..THAT IS IN CONSTITUTION.
2-1-2015 Intel/Newshound Guru Poppy3 HAVE YA’LL HEARD THERE IS A BETTER THAN AVERAGE CHANCE IRAQ’S CBI WILL RELEASE A RATE MONDAY AFTERNOON?
2-1-2015 Newshound Guru My Ladies THERE ARE MANY THINGS HAPPENING IN IRAQ. THE BUDGET GETTING ENACTED, THE MASTER CARDS, THE CBI BACKING IMPORTS IN THE DOLLAR, THE MINISTRIES ALL GETTING ON THE ELECTRONIC SYSTEM FOR PAYMENTS, VISA COMING ON BOARD SOON TOO. SO WHEN WILL IRAQ GET THEIR CURRENCY BACK? WHEN WILL BE ABLE TO EXCHANGE? WILL IT BE IN 5 MIN, OR 5 HOURS, MAYBE 5 WEEKS WE DON’T KNOW BUT WE DO KNOW IT WILL BE SOON. THERE IS NO DENYING WE ARE ON THE DOORSTEP…THE NEXT FEW DAY WILL BE VERY IMPORTANT. SWITZERLAND DIVORCED THE EURO IN THE MIDDLE OF THE TRADING SESSION AND WITH NO WARNING THE SAME WILL HAPPEN HERE. IRAQ HAS MANY THINGS COMING UP AND THEY NEED FUNDING TO GET THIS COUNTRY BACK UP ON THEIR FEET.
2-1-2015 Newshound Guru Tlar To me the verdict is still out on this budget. We know it is/was written in trillions and we know that must go to billions if they delete the zeros before they open it;. So the budget itself no matter what it is written in, trillions or billions, will reflect the new rate, but it has no material effect on the RV. If the CBI changes the exchange rate, the budget will be released as if it was written in billions. If they don’t change the rate, it will be trillions as is stated now. So I still look for the RV before they open budget, not vote, not publish, but open and start the actual funding of ministries.. If it doesn’t come that will be a great disappointment…
2-1-2015 Newshound Guru Aggiedad77 …watch as the future of Iraq unfolds before our eyes as laws roll and progress toll…on top of all this the World Bank wants to get involved….not only from a money standpoint but from a financial management standpoint that I’m sure will prove beneficial for all involved…the BEST is yet to come.
2-1-2015 Newshound Guru Millionday THE WORLD BANK IS COMING TO ASSIST IRAQ AND HAS PREDICTED THAT THEIR ECONOMY IS GOING TO IMPROVE. THEY ARE GOING TO HELP IRAQ WITH THE ECONOMIC CHANGES COMING AND ALSO HAVE TOLD THE GOV TO TAKE MEASURES TO IMMEDIATELY ADDRESS THE BUDGET DEFICIT WRITTEN — TO RESTRUCTURE THE ECONOMY. THEY WERE PRAISED BY THE WORLD BANK ON THE ECONOMIC REFORMS READY FOR IRAQ AT DAVOS. SO THE WHOLE POINT IS TO ENTER THE GLOBAL MARKET AND ALSO ATTRACT THE MARKET ITSELF… THIS IS SO VERY ENCOURAGING.
2-1-2015 Intel Guru SteveI [Now that the budget has passed, how much longer do we have to wait for all of the necessary laws to pass? It feels as if it will be quick…?] Not long now and feel the way you do, it will be very quick. It will happen when you least expect it. […how do we know or would we know that the CBI is reducing the note count and not just printing more money which has a negative effect on the value , and I also believed several years ago we were close to a re-valuation , why is today different?] So what is the difference or major ones, new Prime Minister, a new budget for the first time ever in years, banking laws in place and so many things that we are not even aware of. [ the HCL was agreed on for one year-the agreement is part of the 2015 budget.] Yes, HCL is a non issue now. There is nothing more to do that is of any major concern to us. Let it play out now and wait for the reward! I am extremely excited and think we are the closest we have ever been.
2-1-2015 Intel/Newshound Guru tman23 Currency traders around the globe are keen to the scene per se’…Any news that may indicate a coming future to the IQD raising in value would not be “announced” in any version prematurely… such as giving signs NOW and waiting 2 weeks to initiate…So the market opens this afternoon…either we are reading everything wrong and this ain’t going our way…or they are going to release the change before the sharks smell blood. Lets just see how the markets open tonight and how they flow into Monday…Seriously…I am not expectant…I am expecting!