Iraqi Dinar Guru opinions 8-4-15
Iraqi Dinar Guru opinions 8-4-15
8-4-2015 Intel Guru Frank26 …the LAWS are very important for the security for Iraq. They satisfy the borders (taxes / tariffs) those protect the currency and the revenue stream for Dr. Shabibi. …the TARIFFS are in place TODAY [Monday]. The TAXES and TARIFFS are applied through the borders but they don’t apply to FOOD – because they need to take care of the citizens. If you want to bring a product into Iraq it’s going to cost the companies a lot of money. Those companies are pouring in because they want to be a part of the monetary reform. The only security we’re interested in is the movement of the monetary reform. The international world knows it’s coming with the taxes and tariff’s kicking in.
8-4-2015 Intel Guru Frank26 Maybe by the 18th…highly possible…we may have a better chance of seeing the bonds come out for the citizens of Iraq. The anti-money laundering law is in place as of right now! It was put in place today at the borders. They didn’t even want the bonds sold until this anti-money laundering law was done. Jubouri threatened that if they (GOI) didn’t get this done, he would expose what parliament was doing to the citizens. The concerns for Abadi when he took over as the new Prime Minster were serious. He told the people to give him 1 year and he would clean up all of the Maliki mess. Well guess what? Security comes in many forms. Abadi and Dr. Shabibi are one…united in getting rid of Maliki and his base. We believe now that the anti-money laundering law is in place … they can now deal with them from causing any problems. The reinstatement is something we want to see. At some point they can jump into the RV during the International phase. This has to work perfect.
8-4-2015 Newshound/Intel Guru BGG [did the bonds come out for purchase in Iraq?] internal bonds…yes. [has anyone heard if the tariffs actually started being implemented at Iraqi borders over the weekend?] there has been print on both sides of this – I suspect they have… however, I saw pics over the weekend of import vehicles waiting at “ports” to bring goods in… I have a funny feeling they are half afraid to bring the goods in at the new prices. tariffs without value is SIGNIFICANT PRESSURE. This is real…
8-4-2015 Newshound/Intel Guru BGG [can the GOI RV without the CBI?] No – they cannot. However…the GOI (various committees) want this (added value) as much as anyone… it is conceivable the GOI did this knowingly to put more pressure on the CBI to act accordingly…what I’m saying is: the GOI may be allowing the tariffs and taxes to go ahead in spite of the CBI holding things off – I hope it doesn’t backfire on them (if that is the case)…
8-4-2015 Newshound Guru My Ladies THE CBI DID NOT SELL THE BONDS TODAY NEAR AS I CAN TELL, I CALLED ALL THE WAY UP THE FINANCIAL CHAIN AND WE CAN NOT SEE THEM. [GURU] NOVA CALLED UP HIS CHAIN AND THE SAME THING. I DID HOWEVER FIND SEVERAL OTHER BONDS FROM THE REGION FOR SALE. SO WE WAIT, BUT NOT MUCH LONGER I DON’T THINK.
8-4-2015 Newshound/Intel Guru BGG [do you expect a huge announcement when the RV happens?] Yes, it will be visible, immediately “around the world” and no “trickle down”…you will know when it happens.
8-4-2015 Intel Guru Delta [via FrostyTheSnowman] I do have the confirmation…one bond does exist…a domestic bond. For every dollar that you are going to buy…the price is 1095 dinar on those bonds…you may not see that in the news because that happens internally within the banks. From August 2 until 31st the CBI is doing this to raise some liquidity and capital for the financial ministry in Iraq. Those bonds mature in 1 year. In one year…financial ministry has to pay you the money plus about 6% interest. I think it’s disappointing that the CBI is doing this to the citizens because we all know what’s going to happen. Say 2 or 3 months the value increases…imagine how upset they will be? In my opinion…we may not see any changes in the month of August because of those bonds. I don’t think the CBI would pull the trigger while selling those bonds. In my opinion – nothing will happen in August. If the CBI sells the bonds fast…they could increase the value.
8-3-2015 Newshound Guru My Ladies Article: “Iran plans to offer more generous terms to oil investors” WELL HERE WE SEE IRAN COMING IN STRONG AND WITH SOLID CONTRACTS THAT ARE MORE APPEALING THAN ANY OTHER IN THE REGION, SO I REPEAT WE SHOULD SEE SOME REACTION FROM IRAQ SOONER THAN LATER OR THEY WILL TURN INTO THE BIGGEST FAILED PROJECT THE USA HAS EVER TAKEN ON. I’M NOT EXPECTING THAT WILL HAPPEN. …DEALS WITH IRAN ARE LOOKING BETTER FROM THE JUMP THAN THE CONTRACTS IRAQ HAS AND COUPLE THAT WITH NO PAYMENT ON THEIR CONTRACTS AND IT COULD GET SCARY FOR IRAQ REAL FAST. THE DINAR NEEDS TO BE CONVERTIBLE AND REFLECT VALUE IN ORDER FOR ALL THIS BACK MONEY TO BE PAID. SO WE CONTINUE TO WATCH IF ONLY FOR A LITTLE LONGER.
8-3-2015 Newshound Guru Memphis [ARE THE TARIFFS AND TAXES BEING IMPLEMENTED A SIGNIFICANT STEP IN THE MONETARY REFORM? WHY OR WHY NOT?] There are many markers that will point to the end stages of Iraq’s monetary reform and among them is implementation of the tariff on all goods. I have been watching the latest push as it APPEARS they are serious this time. Now as to why? The WTO has placed it as a requirement to membership and along side this the WTO has also mentioned their interest in seeing the dinar valued more on par with the USD. So I have always viewed it significant as a marker that the end is near.
8-3-2015 Newshound Guru tlm724 Article quote: “The law of customs tariff applied in three phases, the first was on the specific types of goods, and the second more goods,” noting that “the application of the third phase began first on Saturday, (the first of August the current 2015), on all goods entering Iraq” 1,2,3 it’s a done deal! Quote: “the General Administration of Customs created the supplies necessary for the application of the law at border posts,” pointing out that “the law will allow Iraq to join the WTO membership global” now we’re rockin!
8-3-2015 Newshound Guru sczin11 [ I didn’t know the MONEY LAUNDERING Law was passed.] CABINET DID PASS IT AND SENT TO HOR.
8-3-2015 RUMOR Guru Mnt Goat They are down to the end of their timeframe to complete these reconciliation reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday. The WTO wants them as members and they are slotted to ascend to full member pending currency reform and tariff implantation. Remember it is always all about the $$$$. Having tariffs means a % goes to the WTO automatically through the software payment system. This could mean billions annually for the WTO. Having an international currency means ease of trade and payments, but it also mean having the rate set in the exchanges where they need to reference it for conversion in the software system… It is all interconnected.
8-3-2015 RUMOR Guru Mnt Goat I know the plan as it was detailed to me many months ago. All these aspects are interrelated and interconnected such as the needed reconciliation (or Erbil), security, banking and relations with neighboring countries. But our attention now should be on Abadi and the Reconciliation effort and its completion since we see these other areas there are no issues and are under control. Did the Customs and Tariff law get enacted? YES…It positively did get enacted and is now in full force. I am hearing the rollout of these new taxes is slow and so far the impact is MINIMAL thus the pressure to RV is minimal impact also, but only for now.
8-3-2015 Newshound Guru OOTW [What news are you liking or find most interesting / encouraging these days?] I have to say the tariff news right now…how much longer can they go without increasing the value of the dinar, even if only double to give the people some buying power without protests…protests are going to happen – the people are not going to stand for this decrease in purchasing power for long. [My take from the news is that actual implementation has begun, do you agree?] yes it has. …remember the govt has been adamant about telling the people that the cbi can back the currency twice over: “have double the reserves to back the dinar”…the tariffs are going to definitely cause a trickle down effect.
8-3-2015 Newshound Guru Millionday “National Expert Group announced to promote the private sector…including soft loans worth six trillion Iraqi dinars, confirmed that the government had promised to implement the program within a week or two weeks.” THEY SEEM TO BE CONFIDENT THAT THEY WILL BE IN A POSITION TO ACTIVATE THE PRIVATE SECTOR …THIS IS HUGE…GREAT NEWS. [They must feel they are going to get the Money Laundering taking care of that the world bank wants to get these loans, within the next few weeks then.] THE CABINET HAS PASSED ALL MONEY LAUNDERING AND TERRORISM FUNDING LAWS…SO IT WOULD SEEM THEY ARE CONFIDENT.
8-3-2015 Newshound Guru wmawhite What is driving this is very difficult for even an economic major to understand. This is not a single faceted event. There are many layer to it. For the first time in 30 years, today the IQD is listed on the bond market screens in many places around the world… we have so many reason to be happy with what is happening. …it is happening in front of us…we just need to be able to recognized the numerous indicators there are evidence of this event.
8-2-2015 Newshound Guru Breitling …Let’s break this down…They’re issuing bonds because the economy is at a certain level. They are also reducing the note count like crazy. They are also going to issue the bonds in US dollars. They pull those US dollars off the market and get them in the reserve and they are still lowing the competition between the two currencies in the country. I can’t see anything negative in there. I can’t see a trend in Iraq where they are spending less. Right now the economy of Iraq is based on people eating and the daily functions. There’s really not much outside of that right now. So that’s not going to stop…that’s the foundation. The biggest fear is them not moving and we’re way past that.