Iraqi Dinar Guru opinions 8-28-15
Iraqi Dinar Guru opinions 8-28-15
8-28-2015 Newshound Guru Aggiedad77 Article: “Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency” Reforms…reforms…they are every where…the CBI is launching reforms in the format of localized bonds…they see this as a means to strengthen the local currency…the dinar…they have yet announced how these bonds will be sold, only saying they will be available on a local and national level…they also mentioned the sale of foreign currency as a “means to sustain the exchange rate”.
8-28-2015 Intel/Newshound Guru Poppy3 ANYONE TELLING YOU THERE WILL BE A GLOBAL CURRENCY RESET IS FULL OF BULL. …CHRISTINE LAGARD ANNOUNCED TWICE IN NATIONAL SPEECHES THAT THERE IS NO SUCH THING. …THERE WILL NOT BE ANY GLOBAL RESET PERIOD. …I WAS TOLD YESTERDAY TO JUST PAY CLOSE ATTENTION TO THE NEXT 4 DAYS FOR WHAT CHANGES ARE MADE AND THAT THE CBI SAYS THEY ARE NOW READY AS SOON AS THE PARLIAMENT FINISH THEIR DUTIES…WHAT DUTIES THAT IS, TO US IS NOT KNOWN AT THIS TIME. I DID HEAR THAT THE HCL WAS BROKEN INTO THREE PARTS SO THEY COULD APPROVE ONE PART THAT THEY AGREE 100% ON AND IT WOULD ALLOW ABADI TO GET THE RATE CHANGE HE NEEDS AND WANTS NOW MORE THAN EVER.
8-28-2015 Newshound Guru OOTW HERE ARE THE DATES LISTED AS TO WHEN / EACH TIME PARLIAMENT HAS READ THE POLITICAL PARTIES LAW: “The competent Committee First reading Second reading Date of vote Law No. Publishing the facts | Legal Committee | Committee of civil society institutions 01/08/2015 04/06/2015 08/27/2015 2 – political parties law” …I’M SO SO SO THRILLED THEY’VE PASSED THIS BECAUSE IT GOVERNS WHAT AN MP CAN OR CANNOT DO, AS A MEMBER OF THE GOVERNMENT. …I’M HOPING THAT MANY OF THE LONGSTANDING ISSUES, STOPPING SWEEPING REFORMS, ARE NOW GOING TO BE DEALT WITH – IE, HAVE REGULATIONS IN PLACE.
8-28-2015 RUMOR Guru Mnt Goat We are now seeing these reform laws we have waited for so long…for the first time, I see the progress I have been told SHOULD and MUST happen to get us to the completion of the currency reforms we all wait for and desire. We know this will get us all to the bank. How long will it take to get to the end of these reforms? Who knows for sure but we do know this week they have told us they would like to put the dinar on a currency float and at least are considering it seriously with all the pros and cons of the subject matter.
8-28-2015 Intel Guru Mnt Goat They are also telling us that money laundering and corruption in regards to the currency float is the major obstacle. They have passed the Parties Law this week and they are pushing aggressively towards the Judicial Reforms next week, the National Guard Law (maybe tomorrow). We know by passing the Parties law anyone alleged of criminal activity (or under investigation) can no longer hold office or receive immunity. This is HUGE for insuring the downturn of Maliki. So why is money laundering so important all of a sudden? Do they want billions of dinar going into the wrong hands when the value increases? Is the RV then dependent on this part of currency reform? NO REFORMS NO RV…
8-28-2015 Newshound Guru Aggiedad77 Article: “Oil drop may be forced Iraq to reduce its currency” The global issues associated with the falling oil prices are believed to be impacting Iraq as well…so says one expert from Bloomberg today…the oil issues coupled with the continued fighting to free Iraq from the clutches of ISIS/DAASH terrorists are draining the country to the point that its reserves have fallen 20% in recent months to stand at $59 billion dollars…war is never a cheap venture…and it is proving to be an expensive issue for Iraq today…keep in mind too that this is but one opinion of what could transpire for Iraq into the near future…no doubt their dependency on oil for revenues is critical and affecting their financial world in a big way.
8-27-2015 Newshound/Intel Guru BGG it is looking more and more like, (sometime after this first wave of reforms) they will get a legitimate HCL Law in the works…I don’t think it has been read – negotiated – gotten past the CoM or anything – but it is coming…and that is FANTASTIC NEWS.
8-27-2015 Newshound Guru Kaperoni …looks like some laws are getting passed. Today they passed the law of parties…Sat will be the National Guard…hopefully monday is investment law.
8-27-2015 Intel Guru Frank26 [WOW!! Slap me silly!! MR is screaming at us, can you see it…?] Indeed. As we said the RI can start in the country and this would encourage the CITIZENS to buy their DOMESTIC BONDS. THEN…An RV would stimulate us to buy the INTERNATIONAL BONDS.
8-27-2015 Newshound Guru Aggiedad77 It’s an interesting day of news that shows the MR in full swing I think…they are definitely moving at a far greater pace than a snail at this point in time…it gets more and more interesting as time goes by…
8-27-2015 Newshound Guru Millionday SO THERE IT IS — 1. revitalization of the investment side, 2. practical plan for the recovery of the private sector, 3. absorb a lot of aspects of unemployment, 4. correlation application program to import systematic, 5. Add to that the real application of the tariff of customs at all border crossing points, real competition in the market component of Iraq. WHOOOPPOW…REFORM AT ITS FINEST. [WHEN DO THEY INTEND TO REINSTATE THE TARIFFS?] I HAVE READ THIS MONTH MEANING SEPT — FOR THE TAXATION — THEY ARE CHECKING AT BORDER PRODUCTS NOW. THE LEGAL — INSTITUTIONAL AND ECONOMIC REFORM HAVE TO BE DONE ALL AT THE SAME TIME SO THEY AGREE WITH EACH OTHER — COMPLIANCE. ALL OF THE REFORMS COMPLIMENT EACH OTHER — THEY ARE RELIANT FOR THE SUCCESS AND LEGALITIES… IT APPEARS THEY ARE REFORMING BY THE NEWS…
8-27-2015 Intel/Newshound Guru American Contractor Washingston Post Article 8/18/15 Quote: “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes – a 50,000 dinar note before the end of this year and 100,000 banknote next year – and canceling small ones.” Small Iraq Bank notes will be canceled soon says Central Bank…the 250, 500, and 1,000 bank notes will be removed…there are not that many in circulation.