Iraqi Dinar Guru opinions 2-20-15
Iraqi Dinar Guru opinions 2-20-15
2-20-2015 Newshound Guru Millionday “the Iraqi government requires them to sell $119 million worth of crude oil per day to clog the employees’ salaries,” expected “overcome this crisis with cash that the Iraqi government is facing in the coming months. Mutlaq said that “the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.” THEY ARE REFERRING TO A COST ANALYSIS — THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES…THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ — FUNDING THE MINISTRIES — WHOOPOW …I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT — THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI — THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR.
2-20-2015 Intel/Newshound Guru tman23 “As for the exchange rate of the Central Bank kept linking the Iraqi dinar US dollar system, and narrowed the gap between the official exchange rate in the market and the budget until it reached 2.6% last September, thanks to the line taken by the central bank towards the liberalization of the foreign exchange market”…THIS WAS AN IMF STATEMENT 12/31/2014…”the official exchange rate in the market and the budget” …SIGNIFYING MARKET RATE AND BUDGET ARE TIED TOGETHER.
2-20-2015 Intel Guru Jester THE IRAQI BUDGET SHOULD GO IN ON SUNDAY… GOT THAT FROM MY SOURCES…[GURU] TLAR…HE HAS IT RIGHT…THE WORD I AM GETTING IS IT WILL BE PUT IN THE GAZETTE ON SUNDAY… SAME AND WHAT HE IS SAYING…I AM NOT SAYING THAT SOMETHING COULD NOT HAPPEN TO MESS THINGS UP… IT COULD… IT HAS IN THE PAST… BUT FOR RIGHT NOW IT IS LOOKING PRETTY DANG GOOD. SO…IRAQ GETS THEIR STUFF DONE ON SUNDAY.. 48 HOURS TO GET IT INTO LAW… FROM WHAT I UNDERSTAND.
2-20-2015 Intel Guru Frank26 The Budget IS PUBLISHED but not for eyes until SUNDAY.
2-20-2015 Newshound Guru Adam Montana [In your opinion, Besides the HCL what is the single most important thing Iraq should do to achieve the RV/RI?] That’s a tough one… I see the HCL as numero uno. If they pass the HCL and we don’t have an RV in extremely short order, I will owe you an apology!
2-19-2015 Newshound Guru Chattels my belief has always been that any comparison between Kuwait and Iraq regarding the alleged RI /RV of Kuwait’s currency after the Gulf is like comparing apples and oranges. Kuwait’s currency value was depressed by the war and occupation and people bought it cheaply and made money when the value was no longer depressed…frankly, it is a fantasy to draw any favorable or insightful comparison(s) between the two events.
2-19-2015 Intel Guru MarkZ My phone has been busy and it does very much look like we are on the short side of this thing right now. I have no doubt we will see it soon but I like most of the intel world have been wrong on occasion…I can tell you that the wizards behind the curtains have been busy and I have seen tremendous progress.
2-19-2015 Newshound Guru Tlar Iraq has a liquidity problem. Not enough dinars to go forward. They either print more, or continue on dollarizing, or they must RV. The new dinars are the smalls. They are sitting and waiting release. The choice to me is clear because releasing the smalls with a higher rate dedollarizes the country, alows them to start using the own currency and instantly solves their liquidity problem. …that’s the only option to me that makes sense.
2-19-2015 RUMOR Guru TerryK TALKED TO THREE SOURCES…THEY ARE TELLING ME THIS SUNDAY IS THE DAY. THEY JUST ALL THREE PRETTY MUCH TOLD ME THE SAME THING AND THE RATE WILL BE OVER 8 BUCKS.
2-19-2015 Newshound Guru Millionday THEY ARE SAYING…THAT THE STOP IN PRODUCTION CHANGED THE COUNTRY`S BALANCE IN PRODUCTS AND OF COURSE SO DID THE INVESTMENT CLIMATE — SO NOW IT WILL IMPROVE WITH THE OPENING OF THE PRIVATE SECTOR AND THE MARKET ECONOMY — AN OPEN MARKET ECONOMY WILL ADD BALANCE AND IMPROVE THEIR INCOMES AS WELL SO THEY MUST BEGIN WRITING THE INVESTMENT LAW (AMENDING) AND ALSO CHANGING TO A SINGLE WINDOW — THAT MEANS LESS RED TAPE A ONE STOP SHOP FOR INVESTMENT PAPERWORK ETC. THEY JUST NEED TO MAKE SURE IT IS SET UP JUST RIGHT FOR THE CHANGES OF REFORMS AND A MARKET ECONOMY — THEIR GOAL. MEETINGS THEY ARE HAVING ARE ADDRESSING EVERYTHING THEY NEED TO MOVE FORWARD — LOVE IT. THIS IS OBVIOUSLY REFERRING TO THE CHANGES FOR THE COUNTRY TO OPEN BACK UP TO THE GLOBE SO AS WE KNOW — THEY HAVE COMPLETED A LOT OF IT — SO THIS IS GREAT.
2-19-2015 Newshound Guru Kaperoni Article Quote: “the ruling Dawa party on the verge of cracking the fragmentation because of Maliki and practices with Abadi, who belongs to the same party” If the Dawa party (about 30-40 seats) falls apart it will only strengthen the other blocks. Which is good. And with the party falling apart, Maliki is losing control, and losing strength. Looks to me like his followers are abandoning him. Of course as Maliki gets more desperate, who knows what he will do.
2-19-2015 Newshound Guru Tlar With the publishing of the budget we will soon know the truth one way or another. If the budget comes out Sunday and a few days later they start disbursing the funds at 1166, then it is more than likely it will not happen this year. So this is likely the weekend we should see a change if they are going to do it this year. This budget takes all the guesswork out of this IMO… There is plenty of rumors, some supported by articles, and intel is once again heating up that support a change if that is what they do. I am, like so many of you keeping my fingers crossed they actually do it this time. This is a critical time for Iraq and we will see if they stand up to the challenges. IMO their liquidity problem, their lack of dinars, will be solved with an RV and the release of the smalls, or they will have to fund their budget in USD. All articles point to the fact that they want now to exclusively use dinar in country so again… Ministries are calling for de-dollarization now.
2-19-2015 Newshound Guru Aggiedad77 First…there is not likely to be a “new adjusted rate” …within the budget …there is likely to be the “language” that will allow for a rate change. Second…though it is possible I don’t see a rate being announced ahead of the publication of the budget. Third… depending on what we see within the budget there definitely could be a time frame before we see the budget fully funded…we don’t know that time period though…it could be minutes, hours, days…but the longer they wait…the more we believe they hurt themselves. Do not be excited about something we don’t control…you will be disappointed…be excited by the action you do see…the BEST is yet to come!
2-19-2015 RUMOR Guru TerryK Article quote: “Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts…” THE GAZETTE GOES TO PRINT SATURDAY…SO IT WILL SHOW IN THE PAPER SUNDAY…SATURDAY NIGHT SUN MORNING.
2-19-2015 Newshound/Intel Guru Arthur There is not some special Gazette where they keep secrets. The Gazette is the Gazette and there obviously is no budget in it yet because when it gets there the whole world will know that the budget is then legal, implemented and open and in the process of being distributed. The very fact that the budget has been signed and agreed upon but not yet in the Gazette tells us there are further steps that are still needed. These steps they are trying desperately to get done by Sunday earliest. Several two and three letter agencies are working feverishly with the GOI and the CBI to get this done. We have to remember this is way bigger than just us few dinarians wanting a pay day…this is big international business which needs this done immediately if not sooner but according to international protocols and mechanisms that make it legal and permanent.
2-19-2015 Newshound Guru Bondlady Article quote: “the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.” they are moving quickly to be able to release the fed budget next week…[I don’t know what the hold up was on publishing the budget in the gazette…?] it could very well be all the laws needed to pull all this stuff off….to make this budget work. we still got a good shot for the 1st quarter imo. I had said a few weeks ago…If they could open it by say March we could be in good shape to see some sort of monetary change… imo even if it came out at a float instead of a RV or RI…supply and demand would drive up the rate pretty quickly… Abadi following the CBI instructions, CBI helping Abadis gov, Jubouri bringing the laws in an making them happen… its all good… CBI has to show us the way for sure and I feel they are about to…exciting times for us dinar investors for sure after all this time.
2-19-2015 Newshound Guru tlm724 Article quote: “Finance Committee in the House of Representatives member Haider Mutlaq, on Thursday, that the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week…” now they are getting right and we have confirmation from the Minister of Finance on this, let me show you… Quote: “Implement the decision of the Cabinet in its meeting last Tuesday February 17, 2015, and pursuant to the Budget Law for 2015, regardless staff salaries self-financing companies, the Ministry of Finance has taken all necessary steps to pay those salaries procedures and starting from next week.” I don’t know what the hold up was on publishing the budget in the gazette but they will probably publish it now. I like the way things are coming together.
2-19-2015 RUMOR Guru THERE ARE NUMEROUS, MANY REASONS FOR THE HOLD. SOME OF THE CRUCIAL SITUATIONS… INVOLVE: LOWER DENOMS RELEASE, COLLECTION OF ALL THE THREE ZERO IQD, LAW & ORDER, BANKS, DE-DOLLARIZATION, ETC. THE ABOVE TOPICS ARE OF GRAVE IMPORTANCE. GAZETTE DATA WAS DELAYED. THAT MAY SURFACE WITHIN 24-48 HOURS. CRUCIAL AS WELL. RV/CE COMES ONLY WHEN THE TIMING, DATA, INFO, PTB, CBI, GOVT, GAZETTE, TOTAL ABSOLUTE READINESS OCCURS. …WHEN ONE THINKS IT CAN’T GET ANY CLOSER; THE SNAIL TAKES ANOTHER STEP OF ONE INCH. …CE/RESET WILL OCCUR IN A FLASH.