Iraqi Dinar Guru opinions 8-29-15
Iraqi Dinar Guru opinions 8-29-15
8-29-2015 Intel Guru Frank26 The 2015 Budget contains the HCL and there is a Rider to activate it when SECURITY is SECURED. Today A [Abadi] is again with THE CITIZENS in the streets. AND!!! Those that formulated the Rider are NOW asking for a…DATE…To use it. DRS [Dr. Shabibi] has the GREEN LIGHT and we believe he is coming to proclaim this because the GREEN ZONE is the highest example of SECURITY.
8-29-2015 Intel/Newshound Guru tman23 I would agree with devalue IF Iraq was an exporter of goods…BUT they import 95% of their products…and devaluing the currency is economic retardation…too many Ivy League schools have released studies on the subject… Devaluing has no benefit to Iraq…especially since they are trying to sell domestic bonds in IQD.
8-29-2015 Newshound/Intel Guru BGG [HAS ABADI PASSED SECOND SET OF REFORMS?] I don’t think so – just the initial batch have been given the OK by Parliament… I thought the ML law was read once and some speculation is the Investment Law will kick off Monday or shortly there after (reportedly). I think they will go pretty quick…the WB/IMF only gave them until Oct 1? Right? I doubt they let it boil down to the last minute. [do they still have to be published in the gazette to be law in its final state?] of course – but with the obstructionists gone – the gazette will again be a formality – not a hurdle. Abadi is clearly reacting.
8-29-2015 Newshound Guru sczin11 Quote: “This week the CBI is also telling us there is plans for a near future bond drive, that will be issued to raise capital for the economic crisis and try to balance the budget.” CLEARLY POINTS OUT THE NEED FOR DINARS IN COUNTRY…THEY ARE USING THE BONDS NOT ONLY TO PROVIDE LIQUIDITY, MORE IMPORTANT TO BUILD THEIR ON HAND, DINAR NOTES… THEY NEED DINAR, AS THAT IS HOW THEY WILL TRADE IN FUTURE. THEY DONT WANT TO PRINT MORE IN ORDER TO AVOID INFLATIONARY POSSIBILITIES…IT IS A GOOD THING.
8-28-22015 Newshound Guru firefly “…the Council of Ministers revealed in its first report on the recovery of inspectors offices nearly 18 trillion dinars and more than six billion dollars by the ministries for a number of years.” The Iraqi government has reportedly appointed three major international banks to advise on its first international bond issue in almost a decade…Int’l Banks hired for $6 bn Bond Sale. Like I told you guys, the meeting at the Shereton 3 weeks ago went extremely well. What I didn’t tell you guys was that these 3 banks were there. But now that’s it’s in ink. There were MANY people and companys and certain agencys that attended.
8-28-2015 Newshound/Intel Guru BGG “…the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him…” Reforms launched by al-Abadi today a clear signal of the seriousness of reforms…the reforms are real and MOVING.
8-28-2015 Newshound Guru Aggiedad77 Article: “Parliamentary consensus to pass the investment law in the next session Monday” More insight that shows the Investment Law may indeed be voted upon next Monday in Parliament…if so…a real breakthrough as they say for Iraq as they move away from gross amounts of red tape and corruption with how this new law is written.
8-28-2015 Intel/Newshound Guru tman23 FIRST and FOREMOST…Need the Fed Court Law…We should be seeing soon. Medhat al-Mahmoud the courts Cheif Justice…AND… Ismail Moshen (aka Ali Alak) the CBI Governor being replaced…The Party Law that just passed will put into super sonic gear the rest of the reforms.
8-28-2015 Newshound Guru Kaperoni Article: “Political blocs complete discussion of the law of parties and decide to vote on it today’s meeting” its done. passed today [Thursday]. It’s basically the political bloc conduct law. It further removes the Baath party from politics. etc.