Iraqi Dinar Guru opinions 2-17-15
Iraqi Dinar Guru opinions 2-17-15
2-17-2015 Newshound Guru Millionday TOMORROW NIGHT [TUESDAY] THERE IS A HUGE HUGE MEETING WITH ALL THREE PRESIDENCIES PRESENT. THEY HAVE BEEN WORKING ALOT ON THE SECURITY NEEDED FOR THE COUNTRY — WE HAVE SEEN MULTIPLE REPORTS ABOUT IT IN THE LAST WEEK –CONTRACTS, THE BANKS, AND MANY MEETINGS. …THEY ARE USING EXECUTIVE POWER TO DEAL WITH THE MURDER THAT TOOK PLACE…THE GOV IS EXPECTED TO ENSURE CONFIDENCE IN IRAQ AND ITS SAFETY FOR THE PEOPLE COMING TO THE INVESTMENT CONFERENCE AND THE MANY OTHERS COMING THERE BY INVITATION FOR MEETINGS ETC.
2-17-2015 Newshound Guru Millionday PARLIAMENT HAD MANY LAWS THEY WERE WORKING ON AND WERE EXPECTED TO HAVE FINISHED. Quote: “…under the chairmanship of Salim al-Jubouri, and the presence of 218 deputies, to next Tuesday…” HERE IT SAYS THEY WILL RETURN TOMORROW (TUESDAY). THEY HAVE PLANS OF ADDRESSING EACH LAW SEPARATELY…INSTEAD OF THE BASKET THEY ONCE REPORTED… THESE ARE LAWS THEY WANT TO HAVE COMPLETE ALL AT ONCE FOR THE REFORMS AND THE NEEDED REGULATIONS.
2-17-2015 Newshound Guru sczin11 [why delay putting it in the Gazette? Isn’t that self defeating?] NOT IF THE PLAN IS NOT READY FOR COMPLETION, AS GAZETTE ENTRY REQUIRES IMPLEMENTATION… ARTICLE 58 OF BUDGET. TO ME THAT IS VERY TELLING…IF SOMETHING SIGNIFICANT WASNT ON THE VERGE OF TAKING PLACE, WHY NOT JUST ENTER IN GAZETTE, AND LET THE CURRENT DINAR AND VALUE BECOME A REALITY…ANSWER IS…CAUSE ITS NOT GOING TO HAPPEN THAT WAY, IMHO.
2-17-2015 Newshound Guru Tlar Article quote: “Deputy accused in the parliamentary finance committee monopolistic companies belonging to the political monopoly of the bank sales of currencies, causing serious material losses for the Iraqi economy,” It’s funny how history repeats itself. In 2010 Shabibi had to put a stop to the cottage bank industry that sprung up in the green zone. Many MP’S started stock piling the dollar, offering to buy the dinar at higher than the program rate. In other words they were attempting to stock pile dinar by offering more money in dollars than the system did. Why? because in 2010 the word was out that “IRAQ WAS GOING TO REDENOMINATE ITS CURRENCY BY THE END OF THE YEAR.” You and I would most likely attempt to get as much dinar as we could if we were in the know (government employees/MP’s), and if we had the money to buy and hold. It’s only human nature. I see this article not as a bad thing, but maybe a good sign that we are real close.
Fact check: They are NOT buying the Iraqi Dinar, they are “selling/trading” Dinar for the US Dollar because of it’s stability.
2-17-2015 Newshound Guru Kaperoni Article: “The agenda of the Council of Ministers includes approving the recommendation of the Committee on Economic Affairs on the authorization to support the independence of the central bank.” I think this is huge. To have the CoM supporting the independence of the CBI is very good news.
2-17-2015 Newshound Guru sczin11 ABADI DIDNT RUSH THE BUDGET THROUGH, AND THE KURDS DIDNT GIVE UP THEIR 90 DAY THREATS IN DECEMBER, ONLY TO BE STOPPED SHORT BY…WHO? WHO I ASK IS STOPPING THE PROCESS? NO ONE I SAY!! NO ONE KNOWS DATE …OR RATE. I THINK THE NEXT 2 WEEKS WILL BE VERY TELLING…LETS SEE IF THEY HOLD TRUE THIS TIME TO TARIFF IMPLEMENTATION.
2-17-2015 RUMOR Guru TerryK SOURCE…ON PHONE SAID GOOD THINGS ABOUT THIS WEEK…LETS SEE IF THE OLD MAN IN IRAQ MAKES IT HAPPEN…HEARING ITS ALL IN THEIR COURT. I HAVE THIS GUT FEELING THAT THURSDAY WILL BE A WONDERFUL DAY.
2-16-2015 RUMOR Guru We know this was supposed to go off on Friday evening or Saturday morning…but it was delayed because the MP was killed. There is a deadline for the Gazette, someone will have to implement it, and we are looking very, very good. We are right on time…and I am happy today – it’s not here but it’s about to be here. I do believe we will see it this week, unless something stupid happens.
2-16-2015 Newshound Guru Tlar …the government, planning, economics and finance committees along with the CBI who are now pushing to de-dollarize Iraq and articles have suggested that to continue dollarizing now is punitive to the dinar. We also know that the budget calls for 119 trillion dinars to be spent. So unless they print more of the existing secured replacement notes or re-release the counterfietable notes or change the law that has boxed them in to paying in dinars, that they have created a major liquidity problem. There simply is not enough of the replacement notes to pay the budget or fund projects or operate on unless they change the value and release the smalls. Shortly articles have told us that even their international airport is to use dinars only as dictated by the government. I don’t think they will print more or the large secure notes and I certainly don’t believe they will re-release the counterfeitable notes again, leaving in my mind no less than a significant change in value and a release of the coins and LD as the only viable option left. Remember as hard as they have been working at it, Iraq is still predominantly a cash society in their evolutionary cycle. I hope this helps. So in my opinion it is not money they are out of, but dinars.
2-16-2015 RUMOR Guru They are getting some last minute banking laws done. They did try to do it again on Sunday but didn’t have a quorum… In Iraq, everyone was pretty frustrated, and also sad because of the tribal leader who got killed…the assassination did cause a delay. They do have new dates and timelines, but I’m being told that this will be done before the time stated in the articles – the 19th and 22nd are mentioned… I am told this will happen before then.
2-16-2015 Newshound Guru sczin11 Article quote: “the Council has completed the first reading of the draft National Water Council Act and submitted by the committees of agriculture, water and marshes, legal and which aims to adopt a common strategy on securing Iraq shares of common international waters, and draw a national policy for the protection of water resources, maintain and ensure the proper use and distributed equitably between the province and the provinces and sectors used. Then I decided Presidency adjourn the meeting to next Tuesday 02/24/2015.” SO NOW WE GET A DETAILED REPORT ON TODAY’S PARLIAMENT, SHOWING THEY SEEMED TO HAVE MADE SOME PROGRESS, BUT…CLEARLY STATES ADJOURNED TILL TUESDAY FEB 24…NOT TOMORROW…
2-16-2015 RUMOR Guru TerryK THEY ARE RIGHT ON COURSE…THEY DON’T HAVE TO DO ANYTHING UNTIL THE 18TH UNLESS A VETO HAPPENS. THERE IS NO HOLDUP…THE DOCUMENT WAS SIGNED ON THE 29TH. THE CLOCK DOES NOT START TICKING UNTIL IT HIT THE DESK FOR APPROVAL WHICH WAS THE 2ND OF FEB. THEY HAVE 15 DAYS TO COMMENT, VETO, OR SIGN OFF. AFTER THAT IT BECOMES LAW THEN GOES INTO THE GAZETTE WHICH IS…WED THE 18TH…SO IT IS NOT OVERDUE.
2-16-2015 Intel/Newshound Guru Poppy3 I ASSURE ALL OF YOU ISIS HAS ZIP TO DO WITH THE NEW RATE PERIOD.
2-16-2015 Intel/Newshound Guru Poppy3 FAR AS IRAQ BEING BROKE…WELL THEY TRIPLED THEIR GOLD HOLDING IN 2014 WHEN THEY BOUGHT 48 MORE TONS OF GOLD GIVING THEM 148,000 TONS AS RESERVE. THEY ARE ONE OF THE RICHEST COUNTRIES IN THE WORLD. WHAT THEY DO HAVE IS A SHORTAGE OF CASH AND GUESS WHAT WILL SOLVE THAT PROBLEM WITHIN DAYS. THATS WHY THEY CAN STILL QUALIFY FOR BILLIONS IN LOANS. RIGHT NOW THEY ARE PITCHING SOME CURVE BALL AND IN THE DIRT PITCHES BUT RICH FRIENDS GET READY FOR OUR CLEANUP HITTER TO CLEAR THE BASES WITH ONE MIGHTY SWING AT ANYTIME.
2-16-2015 RUMOR Guru Mnt Goat We wait for the announcement of the ratified budget to reach the gazette for the final step in the process of implementation. This final step has now reached its deadline. I totally and whole heartedly believe they must pass this “package” of new laws and complete the currency reforms on or about the time they open this new budget. A formal announcement that the budget was posted in the gazette will be a clue for us that they are about to open the budget…So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision had already been made weeks ago and was postponed due to recent events in Iraq. We are now in the final countdown window now that the budget is truly ratified and the deadline for it to be posted in the gazette is now overdue. We should hear news of this next event (gazette posting) this week. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation).
2-16-2015 Newshound Guru sczin11 THEY ARE NOT PUBLISHING IN GAZETTE, IT APPEARS, AS THEY NEED ALL DUCKS IN ORDER. I TAKE IT, THAT THEY KNOW THE BUDGET LAW STATES IT MUST BE IMPLEMENTED ONCE IN GAZETTE, AND THEY NEED LAWS FINISHED TO DO SO…THUS THE ALL AT ONCE THEORY, OR CLOSE TOGETHER.
2-16- 2015 RUMOR Guru TerryK BUDGET IS SIGNED. IT IS NOT DUE TO GO IN UNTIL THE 18TH. IF IT HIT THE DESK ON THE 2ND, WHICH IT DID, THEY HAVE 15 DAYS TO VETO IT AND THAT PUTS IT ON THE 17TH AND THEN INTO THE GAZETTE. THE NEXT TWO DAYS WILL BE VERY INTERESTING. IF IT IS NOT VETO IN THE NEXT TWO DAYS WE ARE IN. EVEN THOUGH ITS BEEN SIGNED THERE HAS TO BE A REASON IT HAS NOT GONE TO GAZETTE YET.