Iraqi Dinar Guru opinions 6-16-15
Iraqi Dinar Guru opinions 6-16-15
6-16-2015 Newshound/Intel Guru BGG Article quote: “Parliamentary Finance demanding exemption Keywords and appoint a person to manage efficiently the central bank” If you are wondering who it is who has been holding things up… 1) Who swept in on a weekend scooping up most of the CBI middle management and filing charges against Dr. Shabibi? Hint – the guy famous for “political arrests”. 2) Who threatened Turki while he was the first “proxy” Gov of the CBI (who, in fact, appointed him)? Hint – the guy famous for “proxy” appointments.
6-16-2015 Newshound/Intel Guru BGG 3) Who replaced Turki and “appointed” Ali al-Alak as “acting proxy” Gov of the CBI mere days before his own ouster as former Prime Minister? Hint – Alak would have been seen as a very “friendly face” in the CBI (a critical office on influence) for Maliki – he was the Sec Gen for Maliki’s Council of Ministers (AKA – his right hand man) for 7 or 8 years of his previous regime…Getting the picture? Every time the GOI (the government of Iraq) appears to get things…going – for instance – getting close to implementing Customs and Tariffs (these Laws are already passed), right near the “go date” someone, somewhere seems to stall things…These latest rumblings against Maliki and Alak are VERY HEARTENING!!
6-16-2015 Newshound Guru sczin11 Article: “Central Bank eliminates the Sabbath banks to meet the requests of foreign currency” Quote: “Iraqi Central Bank announced on Tuesday, the abolition of the Sabbath to meet the requests of banks foreign currency, noting that he had decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 to 5 days. The central bank said in a press statement received by “tomorrow Press,” that he “considered Saturdays decided to normal working days to meet the requests of banks and foreign currency with effect from 06.20.2015.” “We also decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 days to five days, and from the first of next July.” HUGE CHANGES STARTING THIS WEEK…THIS IS HUGE NEWS…THE CBI WILL BE OPEN ON SATURDAYS NOW….THEIR SABBATH…TO MEET THE NEEDS OF INTERNATIONAL BANKING… AND THEY WILL RELEASE FUNDS DEPOSITED, TO SEND INTERNATIONALLY, AFTER ONLY 5 DAYS, INSTEAD OF 10…
6-16-2015 Newshound Guru sczin11 HAVEN’T THEY BEEN SAYING THE CITIZENS ARE NOT USING THE BANKS…THEY NEED TO GET THE PRIVATE SECTOR IN…THEY NEED TO PROVIDE MORE CONFIDENCE…JUST THINK ABOUT THE ABOVE HUGE HUGE REFORM…NO ADVANCE WARNING, AND IMMEDIATE CHANGE…WOW! OBVIOUSLY THIS WAS PLANNED…AND OUT OF NOWHERE, YESTERDAY, DR. SINAN AL SHABIBI, APPEARS…AND UPPER MANAGEMENT REPRESENTATIVE OF THE PRIVATE BANKS STARTS WORKING AT THE CBI…ALL COMING OUT ON THE EVE OF RAMADAN?
6-16-2015 Newshound Guru sczin11 AND MANY COMMITTEES FROM PARLIAMENT REPORTING ON CURRENT MEETINGS…YET THEY ARE IN RECESS, AREN’T THEY? AND ALL THE DIVERSION WITH THE DECREASE IN THE VALUE OF THE DINAR, WITH FINGER POINTING AND ACCUSATIONS AGAINST THE CBI…AND, ALL THE REVELATIONS FROM THE INTEGRITY AND JUDICIAL COMMISSIONS, ESPECIALLY BUT NOT LIMITED TO THE FALL OF MOSUL…AND AT THE SAME TIME, MORE DIVERSION, REPORTS OF MALIKI RUNNING AGAIN, AND HAMPERING THE ABADI PLAN…WHICH HAS BEEN REPORTED SINCE THE DAY ABADI WAS RATIFIED AS PM…THE ABADI PLAN BEING IMPLEMENTED…RIGHT BEFORE OUR EYES!
6-16-2015 Newshound Guru Kaperoni From CBI – “The /all banks (convert dollar amounts)” The message is only one sentence and here it is…”This is to all banks: The instructions regarding drawing of dollars will end on 5/25/15, pending further instructions.” I wonder if this is a typo, meaning 6/25/2015.
6-15-2015 RUMOR Guru Mnt Goat It is confirmed that Ali Aler is still the Central Bank governor not Sinan al-Shibibi. Also an article that came out this week by Sinan al-Shibibi himself and in it he is talking about the independence of the Central Bank and how actions of the Finance ministry and Parliament is interfering with its ability to curve inflation and restore economic growth in Iraq. It is an excellent article and it tells us that Shabibi is advising behind the scenes, but this is his ONLY role. So for now he is still not back in office officially. But as I have said many times we will not see an RV until he is reinstated officially and is once again the “official” governor of the Central Bank of Iraq.
6-15-2015 Newshound Guru sczin11 HAS ANYONE BOTHERED TO ASK, WHY AFTER ALMOST 6 MONTHS, DECEMBER 22, 2014, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED OF ALL CHARGES, HAS HE CHOSEN TO SPEAK OUT NOW? NOT JUST A QUOTE, BUT A NOVEL, ANALYZING THE … WHERE IS IRAQ NOW, IN RELATIONSHIP TO WHERE HE WAS TO BRING THEM, SEVERAL YEARS AGO… DR. SHABIBI, SO IN TUNE WITH THE HAPPENINGS OF THE MONETARY PLAN/PROCESS, DOESNT MISS A BEAT…HE COVERS IT ALL…WHY? WHO ASKED HIM TO STEP UP/FORWARD? HOPEFULLY, MORE TO COME…
6-15-2015 Newshound Guru Aggiedad77 Article quote: “Iraqi money market live in the present state of instability was the collapse of the market rate of the dinar, which amounted to 1340 dinars to the US dollar while the official price of about 1190 dinars to the dollar, although the size of the reserve is still great, which is considered a key factor in the stability of the currency.” Dr. S is quick here to point to the differences of the official price of the IQD to the USD (1190) and the street market value (1340) and he says even with the discrepancy the CBI reserves remain strong indicating the true strength of the Iraqi currency… Quote: “…the central bank has lost its independence and became a bow to the decisions of the government and parliament…” He quickly points to the fact that problems exist due to the limitations attached to the CBI by the Finance Committee and Parliament which also hampers or hamstrings the CBI from defending itself because of the limitations applied by Article 50.
6-15-2015 Newshound Guru Aggiedad77 Dr. S is very with it in this regard and sees what has been done to the CBI as a stripping of their autonomy and forcing them to suddenly become subservient to the very government they should not have to answer to…he points to the seriousness of what the Finance Committee has implemented as a cause for a reduced effectiveness by the CBI in their monetary policies to fight inflation…something the CBI has managed beautifully for at least 10 years. Dr. S further points to the loss of autonomy by the CBI as a potential issue when it comes to such things as inflation and stability of the IQD…stating that the Finance Committee’s actions will lead to a collapse of the real value of the IQD…What many are missing here is Dr. S pointing rather blatantly to the idea that the government wants what the CBI…their reserves….he reiterates what has been said several times this year that the CBI reserves exceeds the money on the street by fully 1.5 times…how many times have we heard that….a strong indicator for the CBI.
6-15-2015 Newshound Guru Aggiedad77 Dr. Shabibi is in my opinion making a very strong pitch as to why he needs to be back at the helm of the CBI…he knows…he understands…and he has the backbone to stand up to the government… When he says that Iraq is not a safe place to bring investments he is referring to the need to get laws passed that sit on the table today within the Parliament that will provide that security for investors and remove much red tape and strive to eliminate corruption from the investment process that was allowed to run rampant in years past. I see Dr. Shabibi and PM Abadi as saviors of the Iraqi economy…saviors of the Iraqi people…and kingpins in great things that can stem from Iraq that will help the whole global economic process.
6-15-2015 RUMOR Guru Mnt Goat Many are now saying that there will be an RV by the beginning of Ramadan (just 2 days from now). …these statements since they based their assumptions mostly on a totally misinterpreted translation of a speech that Abadi gave to the citizens of Iraq wishing them prosperity and abundance during Ramadan, which begins on June 17th. As we know Ramadan is a time of fasting but it is also a time or rejoicing and celebrating. Many gifts are shared. So it would be very fitting for the prime minister of the country to wish his citizens good tidings during this holy season. Everything is not about the RV. I can guarantee it is not going to happen by Ramadan and there is a strong possibility it may not even happen during Ramadan unless the three presidents (or main leaders incuding Masoun, Abadi and Jubouri) can somehow reconcile the differences between the Kurdistan and the Baghdad government and they can get this security problem under control.