Iraqi Dinar Guru opinions 6-14-15
Iraqi Dinar Guru opinions 6-14-15
6-14-2015 Newshound/Intel Guru BGG Ok – so stop and think about this for a sec…Iraq’s 2015 Budget was roughly 119 Trillion IQD…today is June 13th – almost EXACTLY half way thru the year…the other day they went public with their “true deficit” as 30% the budget… (of 119 T) – in other words more like 40+ Trillion IQD (40 Billion USD). I have been saying this – right? The deficit was waaaay more than 25 Trillion (IQD). So 50% of their budget and remaining year is likely GONE…surely they have spent the full budget allocation during the first half of the year…so they probably have only 20% of their budget left (of 119T IQD) to cover 50% of the remaining year…at a current rate of a bit over 10T IQD per month… they have a tiny bit over 2 months before they run out of money completely. So where does it come from? Has no one bothered to read the fine print on the loan articles? They aren’t even close – and if they were, the loans were for like 833 mil… 9 mil… 5 bil (if they GET a credit rating and their bond issues sell… lots of “if’s”)… and not until past June..
6-14-2015 Newshound/Intel Guru BGG Is anyone curious about the early August time-frame for Customs (tariffs)…and all those numbers put together aren’t even CLOSE to 40 Trillion (and they may need more than that if oil prices keep falling)…so – I ask the rhetorical – were do you think they will get 40T IQD in spending power between now and the end of the year? that’s a whole lot of $$ to get forked over by the WB and IMF – I don’t see it…so where r they gonna get that money from…if they change the value of their currency…Their budget problem goes – POOF!! If they increase the currency value (even a little) the GOI benefits just like you to – they have have the buying power they need for “internal projects”.
6-14-2015 Newshound Guru sczin11 RECENT DEVELOPMENTS: WE HAVE THE REQUEST BY IRAQ TO THE GOOD OLE USA, TO HELP THEM WITH FIGHTING AND COMBATTING , MONEY LAUNDERING. WE HAVE HAPPENINGS RIGHT HERE IN THE USA AND PUERTO RICO, WITH CLAIMS OF POSSIBLE MONEY LAUNDERING IN REGARDS TO FOREIGN CURRENCY. WE HAVE RELEASES OF…PLANES TRAINS AND AUTOMOBILES BEING CONFISCATED, HERE IN THE USA, BUT NOW BEING TAKEN BACK FROM MALIKI AND OTHERS. WE HAVE RELEASES TALKING ABOUT ARRESTS AND FILES OF POSSIBLE FUTURE ARRESTS OF MANY PEOPLE REGARDING ISIS. WE ARE IN THE MIDST OF BACK AND FORTH RHETORIC, QUOTING EVERY PERSON WHO CALLS THEMSELVES AN ECONOMIST, MANY MEMBERS OF THE FINANCE COMMITTEE…50 AND 100 K NOTES, AND WHAT THEY WILL DO TO INFLATION, DEFLATION, HYPERFLATION, HYPOFLATION…
6-14-2015 Newshound Guru sczin11 WE HAVE KURDS STATING NOT GETTING WHAT THEY DESERVE AS PER THE CONSTITUTION, YET WILL BE EXPECTED TO COLLECT CUSTOMS AND TARIFFS FOR BAGHDAD AND I WILL END WITH THIS…WE HAVE RELEASES SAYING THE 2016 BUDGET PLANNING PROCESS IS BEGINNING! HUH, REALLY… THEY JUST RELEASED A MONTH AGO HOW THEY FINALLY SOMEWHAT RECONCILED 2004-2013, AGAINST CONSTITUTION, AS FAR AS DELAYS…AND THEY WANT TO PLAN 2016, BEFORE 2015 IS COMPLETELY FUNDED BY THE CBI…WE RECENTLY LEARNED THE ACTING CBI GOVERNOR, MAY NOT BE ABLE TO DO WHAT WE ALL BELIEVE NEEDS TO HAPPEN…AND CHALIBI, APPEARS TO BE STIRRING THE POT AGAIN, WITH REGARDS TO ALI ALAAQ/MOSHIN ISMAIL… FOLKS, MUCH IS HAPPENING, AND IMHO, IT IS ALL COMING TO A CLOSE…RIGHT BEFORE OUR EYES!
6-14-2015 Newshound Guru tlm724 The CBI has control over the monetary system period! They are autonomous, holding the power over the whole of Iraq’s monetary policy! central bank recently issued new instructions stipulate that responsibility for the provision of securities and cash foreign for remittance of foreign currency, and this is contrary to the principle of the free movement of money and the implications on foreign investment. CBI is a bit off track! I recently said they have done things backwards! the CBI’s lack of control is causing a huge ripple effect throughout the currency market! The cause is lack of control and oversight, the effect is a continuous descent of the value of the dinar. The fix is still to be determined…Wink.
6-13-2015 Newshound Guru Aggiedad77 “Determine the August/August as the date for the next elections presidency of the region” So President Barzani is saying that August will see a new election day for the Kurds…does not say anything about whether the Barzani family will be allowed to continue in their current reign as President and PM…but I’m thinking that is doubtful.
6-13-2015 Newshound Guru Aggiedad77 Article: “Central bank: borrowing from the IMF will achieve the required targets Iraq” The governor of the CBI is speaking out today with regard to the pending potential loan from the IMF for $833 million dollars, stating this will aid supporting the budget as well as reducing the deficit…well yes to both…certainly such an amount would help the budget and potentially reduce the deficit “some”…but not significantly IMO…What it can perhaps do on a more positive note is improve Iraq’s credit standing and allow them a higher credit rating…this having merit when you rethink the international bonds they are trying to move and need as good a credit rating as possible to make them look as lucrative to investors as possible…one scratch leads to another…building confidence in Iraq on a global level.