Iraqi Dinar Guru opinions 9-16-15
Iraqi Dinar Guru opinions 9-16-15
9-16-2015 Newshound Guru Millionday …LAST WEEK`S ANNOUNCEMENT OF ANOTHER LINE OF REFORMS BEING ACTIVATED BY ABADI AND THE OBVIOUS GROUP OF ECONOMIC LAWS/REGULATIONS –ETC IN THE NEWS — IT IS VERY EXCITING TO ME BECAUSE IT APPEARS TO BE THE ECONOMIC REFORMS IMO. [the economic reform does not necessarily mean a RV, correct?] THE ECONOMIC REFORM INCLUDES THE BANKING REFORM AND INVESTMENT AND THE STEPS TO GO TO A MARKET ECONOMY THEY HAVE BEEN WORKING ON — THE ADMINISTRATIVE ARE IN PROCESS — THE ECONOMIC REFORM WILL INCLUDE THE GLOBAL PRICING INDEX IMO — THE NEW PAY SCALE — THE NEW COST OF LIVING CHANGE — THE INTERNATIONAL EQUATION — SO THIS WOULD INCLUDE THE INTERNATIONAL RATES/PRICES AS WELL IMO.
9-16-2015 Newshound Guru BGG [So all the laws are going to be passed all at once? is that correct?] …the AML Law and Investment Law are on the agenda. Anti-Money Laundering Law…This is the one the WB and IMF want…likely pointed directly at Maliki and his corrupt gang. […the iraqi parliament agenda for tomorrow [Wednesday]…says “The vote on the draft anti-money laundering and terrorism financing law.” and “The vote on the draft second amendment to the Law of Investment”.] …sounds like a vote to me. That is good news. [When everything is voted thru, then when is it Implemented…When should they Revalue or RV?] value can happen anytime… these are just things that OBVIOUSLY open the door wide for monetary reform…but there is nothing that says they can’t do whatever they want when the “obstructionists” are well “on the ropes”. [All the laws are NOT needed for international acceptance.] you are correct.
9-16-2015 Newshound Guru tlm724 Article quote: “Urgent Cabinet Approves Cancel posts of Vice-President of the Republic and the House of Representatives to solve” how bout that! been waiting for this! Quote: “the prime minister began the implementation of a plan or strategy to combat corruption divided into several joints and apply broadly.” *hallelujah* love it, from the top to the bottom, bet they had to get this strategy in place and now we see the 3 vice presidents positions being removed…
9-16-2015 RUMOR Guru Mnt Goat …parliament was to supposed to vote on the draft anti-money laundering and terrorism financing law today…This is another one much needed for the reforms…we also see a vote on…the Investment law on the …today. Hurray! …these reforms are tied to reinstating their currency meaning RV time!
9-16-2015 Newshound Guru Kaperoni Article: “Cabinet Approves Cancel posts of Vice-President of the Republic and referred to parliament” Though this sounds good, the key here is the CoM was probably told what PM Abadi’s plan to cancel the vice presidencies was unconstitutional. And so the CoM just wrote a bill to disolve them…and now it says it has been submitted to parliament for a vote. In other words, parliament will decide if they are cancelled or not.
9-16-2015 Newshound/Intel Guru BGG “…He said the Information Office of Ebadi said in a statement, said the cabinet approved the draft Cancel the posts of Vice President of the Republic Act…” Cabinet approves bill to cancel the posts of Vice-President of the Republic Act. MALIKI IS GONE (soon)…not only is the CoM wanting to push forward the removal of these crooks (as a law) – but they are also withdrawing ALL the previous junk not voted on yet. IT’S HUGE NEWS!!
9-15-2015 Newshound Guru tlm724 Article: “Selling foreign bonds to fill budget deficit” I don’t think they will have much trouble selling these bonds after tomorrows vote on the AML and investment law, those laws will provide a certain level of confidence.
9-15-2015 Newshound Guru Aggiedad77 …Parliament tomorrow…voting on not one but two important laws…Investment Law AND the Anti-Money Laundering Law…stellar on their part if they pull it off…then the cherry on top of this ice cream soda is the presence of PM Abadi in Parliament. A reschedule of his cancelled visit from last Thursday that was postponed as he put one foot inside the Parliament then had to leave for “emergency reasons”…Will he be handing out pink slips to Parliament members who have over stayed their welcome by not showing up for the dance each week…or is he going to roll those corrupt heads out of Parliament. Or maybe just tell them we are transitioning to a democratic process and as a result your services will no longer be needed in their current capacity but if you are an honest bloke we might have room for you in our new Congress…who knows…maybe he just wants to visit.
9-15-2015 Newshound Guru Tlar I am afraid that the dinar will not happen this year. October has a chance but I am thinking January 2016 is most likely more realistic. Abadi, the prime minister is in the process of cleaning house of all the corrupt politicians that Maliki had put in place. Maliki himself will most likely be on trial soon as they are preparing charges against him. But this is Iraq and anything can happen. The IMF and WB both have put conditions on Iraq that they must clean house and get rid of corruption and pass the money laundering law by October 1st. Its an uphill battle but all the religious guys including Hakin, Sadr and al-Sistani are behind Abaidi and his reforms. Parliament voted unanimously to support a list of things in support of Abadi and his reforms going so far as giving him the power to eliminate the parliament itself and start over. Abadi has relieved the three presidencies abolishing them altogether. Allawi, Maliki and Najaifi are all supposedly out of a job and are no longer considered a part of the government. All three have refused to go away so that will be another fight for Abadi.
9-15-2015 Newshound Guru Tlar He is also trying to get rid of the head of the Judiciary, Maliki’s guy and has intentions to replace the head of the CBI. He wants all qualified technocrats running all positions in government and has stated publicly that he will give the jobs to the most qualified people paying no attention to secular quotas. The reforms are meant to get rid of corruption in Government and to punish corrupt officials that have been stealing the society blind for the last 8 years under Maliki. The reforms are also intended to recoup the stolen funds and right the wrongs under Maliki. This includes most of the politicians over there. The people in Iraq are solidly behind him and are demonstrating in the streets supporting his reforms. My only fear is as they start to prosecute the bad guys, they will try to assassinate Abadi, but Abadi has stated publicly that he will see the reforms through even if it costs him his life which to me smells of his getting death threats. Prosecutions and arrests are already being made. Over 300 people including politicians are no longer allowed to leave the country. Arrest warrants are being issued to round up the corrupt. On a good note…
9-15-2015 Newshound Guru Tlar …the CBI admitted in an article that they had planned to implement but postponed deleting the zeros four times in the last four years. Maliki had put up so many obstacles and roadblocks culminating in an arrest warrant on Shabibi. Ultimately while PM Maliki did arrest a lot of the top guys running the CBI including Saleh, Shabibi’s right hand man. Abadi exonerated Saleh and made him his personal economic adviser. So Abadi is doing all the right things but because Maliki is trying to thwart his every move and kill the reforms, the going is slow. Abadi will get the reforms done and will clean the government of all the corrupt officials as long as he is not killed. We will eventually see our RV that should have happened as far back as 2010. Iraq has no choice if they are to ever open their economy which they desperately need to do. If Abadi can get the requirements of the IMF and the WB done by October there is still a possibility we could see it then but that’s a tall order. I think it will more than likely be January.
9-15-2015 RUMOR Guru Mnt Goat …the leaders of Iraq are new to having a democracy and a free and robust economy and need assistance in setting it up and regulating it. Perhaps they are now ready? To what extent will they continue with the reforms before they finally agree to their new currency rollout? When will they be ready? Currently they are in the process of the meeting to discuss progress made since June. So far there is no word on what they plan to do next since the meeting continues until September 17th… I therefore do not expect any rollout of the new currency until at least after this date.