Iraqi Dinar Guru opinions 9-19-15
Iraqi Dinar Guru opinions 9-19-15
9-19-2015 Newshound Guru Millionday Article quote: “Endorsed President Dr. Fuad Masum, the political parties law passed by the House of Representatives in 27 of last August, and while stressing the need to ensure the success of the national reconciliation…” THE PRESIDENT HAS CALLED FOR ALL LAWS TO BE RESOLVED AND HAS SIGNED THE LAW OF PARTIES…HE IS PUSHING FOR THE SUCCESS OF THE NATIONAL RECONCILIATION…HE IS PUSHING FOR ALL PREPARATIONS TO BE DONE. HE HAS CALLED OFFICIALS TO WRAP UP WHAT IS LEFT OF NATIONAL RECONCILIATION PLANS– AGAIN MAKING IT CLEAR…ALL LAWS NEED TO BE ENACTED.
9-19-2015 Newshound/Intel Guru BGG Corruption, corruption, corruption…This is the watch word for today… and going forward. Iraq is rooting out corruption and fraud at every turn. This will not be an overnight success – but it may not be required to be a fully complete process prior to some kind of currency reform / value shift… The world powers spoke – Iraq responded. This is good for Dinar investors. We should remember that’s what this is – an investment. The big problem is timing… it’s not coming fast enough for most people. I’m with you there. However, none of us control the timing. It’s not a “guaranteed winning lottery ticket” – it’s an investment.
9-19-2015 Newshound/Intel Guru BGG Article: “Najiba Najib: adoption of the investment law will help solving the problems of the financial budget” First – when is the Investment Law coming and exactly where does this law come up with the revenue to make good and this budget problem? OK – “reportedly – the Investment Law is coming soon” and secondly – good news to hear Najiba Najib talking like this but worth pointing out – she is the MP calling for an RV recently (value, increase, whatever you want to call it…). So there it is – soon and she’s calling for an increase in value – as an answer to their budgetary crisis… [how much weight does she have on making them do what she wants?] MP and sits on either the Economic or Finance committee…
9-19-2015 Intel Guru TD Very few comments from my Kurdish friend to speak of these past many, many months ( as always treat all as rumor and please due your own sound diligence ) BUT there is growing sentiment and outcry by many economists and political folks to DEVALUE the dinar here in the short term. Continued lagging of the price of oil and worldwide glut supply coupled with trade imbalances are posing this move to occur. Rumor has it that the Abadi administration in sync discussions with the CBI will act in this proposal in the next couple weeks , probably beginning of October. Rumored rate will be about 1500-1600 / dollar .
If this happens that will be the rate at least for the next 6 months or so.
9-18-2015 Newshound Guru Aggiedad77 Earlier this week you saw they passed the Anti-Money Laundering Law…no whoopla though…then a few articles later…an announcement that the Investment Law was postponed until after the upcoming holiday. …the reforms that Abadi has proposed and is proposing take time to implement…it took Maliki 8 plus years to drag Iraq into the cesspool where they live today…can you honestly expect to see significant change in a couple of months… PM Abadi has his hands full battling ISIS in many areas and attempting to deal with corruption in a HUGE way in other areas…throw Maliki and his thugs into this mix along with the Iranians…he is working…but carefully… he makes calculated moves… he works in a wise manner. We are there now to help, to show him and his government how to get things done in a faster and more efficient fashion…but at the same time we stand in the shadows to allow the Iraqis all the credit.
9-18-2015 RUMOR Guru Mnt Goat …many say that Iraq is a sovereign country since they are now out of UN Chapter 7 sanctions (since June 2013) however technically this is entirely NOT TRUE until they get their currency reinstated…they need political and economic stability along with physical security in order to get their currency reinstated. When they hit mid year of 2015 it was apparent that a new strategy and a plan had to be made to “aggressively” push this reform process along… So in this June 2015 time period the PTB called another Paris Conference. Part of the dialogue was to come up this new plan… They asked how they could “pick the low hanging fruit” (prioritize the reforms that would given them the most benefit and can be accomplished in the shortest period of time). They recently referred to these items as the “hasty” reforms. The plan also included sequencing the implementation of the laws so the reforms could work. We know the process now – distribute the lower denominations, launch the 50k notes in circulation, continue the project to delete the zeros to coincide with a significant increase in the value of their currency.
9-18-2015 RUMOR Guru Mnt Goat Many…intel “gurus” are now telling you there are two windows of opportunity that the PTB are aiming at for the currency reform mid September and the end of September. I also believe these two alternative timeframes have been set for an RV. Mid September is here and Iraq has not yet completed all the promises from the mid June conference. They have decided to extend the effort for another 2 weeks to the end of September. So do not expect any RV at least until this timeframe. So they will now move to a new target end of September ending as their next date. Iraq is very close to accomplishing the needed tasks… They have less than 2 weeks to pass a couple needed laws but these are the most controversial ones. But the good news they are acting now and now is finally the time.