Iraqi Dinar Guru opinions 7-3-15
Iraqi Dinar Guru opinions 7-3-15
7-3-2015 Newshound/Intel Guru BGG it is my strong belief something has to happen soon – there is a lot of stuff going on over the next 10 days or so… the 50 class note, Maliki, trials, $$ shortages – very, very exciting times. …they may be forced into some kind of currency reform – whereas before it was more a “planned event”… exciting times. …do I care what the number?? or exactly when?? No – just get things going already!!
7-3-2015 Newshound Guru Chattels Article quote: “Iraq’s autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad.” CONTRARY TO CERTAIN COMMENTARIES…THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY…
7-3-2015 Newshound/Intel Guru BGG now for the good news – they have regained their senses and restarted the auctions…which – in the short term – is better for everyone. Using USD to attract IQD on the cheap is a good way to go.
7-3-2015 Newshound Guru Aggiedad77 Article “Parliament’s legal (et): next week will hold consultations between the three blocs to pass important laws” This is a sign of some positive action that could be coming up next week within Parliament….plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully….the National Guard Law, the Federal Court Law, and the Law of Parties….apparently these are close to a vote and are believed to be doable in the very near future.
7-3-2015 Newshound Guru Kaperoni One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big… The end result will be more patchwork and tricks. I know many ask the question..why don’t they simply raise the value or begin currency reform as a solution? The answer is simple…Iraq is not ready yet…they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set. As Dr. Bakri said, Article VIII will come after the reform…which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide).
7-2-2015 Newshound Guru Stryker It sure looks like a new 50,000 dinar note will be introduced this month to the existing 3 zero categories. Not what we want to see but it is what it is, and this process is a very time concerning and the timing in launching it is vital to it’s success. In other news the Central Bank is calling for parliament to speed up the Anti-Money Laundering Law so they can recover all the looted funds that have been removed and frozen all over the world. Also, the CBI is just waiting on Iraq’s credit rating to come out so they can launch the offering of international bonds. In the meantime the domestic bonds will be launched this month if all goes well. Things may not seem to be going well but they are, success takes time…
7-2-2015 Newshound Guru Aggiedad77 Article “Interior announces the arrival of the first shipments of crude national card” Are we being provided with hints of the HCL to come…are these cards the precursor of how the citizens portion will be loaded and provided to them in an automatic and “e” function type of manner…wouldn’t that just be the icing on the cake, maybe the cherry atop the ice cream…keep an eye on this process and see what it brings to the Iraqis.
7-2-2015 Intel/Newshound Guru tman23 [I want to know who “Keywords is”! They NEVER give a name…only KEYWORDS?] Governor of the CBI is “Keywords”… Minister of Oil is “Keywords”… Minister of Electricity is “Keywords”… The HIGHEST in office is the “Keyword”…everyone else speaking below them is not considered “Key”… Still confused? The person who has the authority is ‘Keyword”. Think of “Keywords” being replaced by “official statement”.
7-2-2015 Newshound Guru Millionday Article quote: “…the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks…” THE COUNCIL APPROVED…THE LAW OF MONEY LAUNDERING — THIS ADS CONFIDENCE IN THEIR BANKING INDUSTRY GLOBALLY AND WILL KEEP THEM OFF THE INTERNATIONAL “BLACK LIST”. SO THE PASSING OF THIS IN THIS PARLIAMENT SESSION OF COURSE WILL BE GREAT NEWS AND HELP IRAQ IN THE GROWTH OF NOT ONLY THEIR BUSINESS BUT ALSO WILL GIVE WORLD CONFIDENCE.
7-2-2015 Newshound/Intel Guru BGG [now they are talking about the laws that need to get passed and just last week they were talking about the three presidents getting together and passing them by themself, what happened to that idea?] there is plenty of reference to the 3 presidents getting together… this is no secret. They are even talking about cooperation to advance various “laws”… what may be in question is exactly how they intend to do this – AND keep in mind, this is Iraq, it might not be completely out of the question they resort to some “extra-constitutional” method – especially if agreed to by a majority. However, having said as much I have been plain for a long time – we don’t need an HCL (they have one) and we don’t technically need more laws…IMHO will the 3 presidents concoct some form of a “parliament over-ride” – I highly doubt it… will they come to some mutual agreement – more than likely. The bigger issue – they had better do it quickly. Iraq is plainly headed to a dire state of austerity.
7-2-2015 Newshound Guru Kaperoni IMO, Currency reform needs to happen as soon as possible. Then they can comply with the IMF and get into Article VIII so the dinar is convertible.
7-2-2015 Newshound Guru My Ladies […if Iraq gets credit rating on July 7th does that not mean simultaneous international rate?] WELL…HERE’S THE THING…IF IRAQ GETS A CREDIT RATING FROM THE MAJOR REPORTING AGENCIES WITH OUT HAVING A CURRENCY THEY WILL BE THE FIRST I HISTORY TO DO SO. NOW THIS WEEK WE ARE WATCHING AN AWFUL LOT OF FIRSTS…I JUST HOPE THAT IS NOT ONE OF THEM.