Iraqi Dinar Guru opinions 9-28-15
Iraqi Dinar Guru opinions 9-28-15
9-28-2015 Newshound Guru Millionday Article quote: “Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time.” THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE LAW SET AMOUNT…THIS IS HUGE NEWS…THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN. CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST. THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET — THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND.
9-28-2015 Newshound Guru OOTW Article quote: “…Sunday, continuing disputes with the Kurdish parliamentary blocs on the amendment of the Federal Court Act because of the commitment positions since the arrival of law to the House of Representatives.” THE SITUATION WITH THE KURDS IS NOT THAT DISSIMILAR TO WHEN THEY HAVE BOYCOTTED SESSIONS OR LAWS IN THE PAST, IN ORDER TO DRAW ATTENTION TO THEIR OWN CAUSE… OVER THE PAST TWO MONTHS, WE’VE SEEN THEM STATE THAT THEY’RE NOT GOING TO VOTE FOR THE FEDERAL COURT ACT, ESSENTIALLY, BECAUSE THEY WANT ALL JUDICIAL LAWS PASSED. THE JUDICIARY NEEDS SWEEPING REFORMS – AND AFTER EID AL-ADHA, I BELIEVE THE PROTESTER’S WILL GO BACK INTO ACTION…THEY’LL NEED TO BE CHANGES TO THE CONSTITUTION AS WELL…I REALLY DO BELIEVE, EVENTUALLY, WE WILL SEE A BIG CHANGE IN THE JUDICIARY, IF NOT THE GOVT, IN ORDER TO ENACT THESE NEEDED REFORMS..TALK AIN’T WORKING ANYMORE…THE PEOPLE WANT ACTION.
9-28-2015 Intel Guru TD Just a few comments from my Kurdish friend (please treat all as rumor and please due your own sound diligence.) The Iraqis and the Kurds are very proud people and some of the articles of challenges they are all facing pale in comparison to the true conditions on the ground. Things are really tough to put it mildly. Abadi is losing support and a sense of “hopelessness” is weighing in on most ordinary citizens. There is talks going on again with the IMF for further help but this time it seems Iraq will not get any. The lack of reforms toward the growth of a public sector economy is reason número uno. Here in the short term it is more likely of a depreciation of the currency rather than an appreciation. Unanimous consensus my amigo says is that any appreciation is a long, long way off, at this point nothing should be anticipated in 2015 & 2016 as well. Way toooo much uncertainty and lack of stability.
9-28-2015 Newshound Guru Millionday ABADI IS ATTENDING THE MEETINGS WITH THE UN IN NEW YORK WHICH WILL ADDRESS ALL THE CHALLENGES THAT HAVE CRIPPLED IRAQ IN MANY WAYS. …THEY CAN VOTE THROUGH LAWS WITH HIM OUT OF THE COUNTRY… BECAUSE THEY ARE A DEMOCRATIC GOVERNMENT AND THE LAWS BEING VOTED ON ARE IN PARLIAMENT — THE MINISTERS HAVE ALREADY (QUITE A TIME AGO) HAD THESE LAWS ON THE TABLE — WHAT IS LEFT IS PARLIAMENT VOTE AND PRINT.
9-28-2015 Newshound Guru firefly I’m in [Guru] BGG’s corner on this one. As soon as corruption is under control…THE SKY IS THE LIMIT! Which is why the AML [Anti Money Laundering Law] is SOOOOOOOO huge. It is the cornerstone of all the other laws needed for the international community.
9-28-2015 Intel Guru Frank26 [Looks like the banks are joining us in the Long Line.] Actually it is these Iraqi Banks…there are now a few of them…That are opening up and will cause Iraq’s MR [Monetary Reform] to…Open Up Too. …It will start to dismantle the LL [Long Line]. IMO…the rest of 2015 is to set up the banks in Iraq for DRS’s [Dr. Shabibi’s] MR in conjunction with the New Laws…the GOI did yesterday for today. They are busy preparing and passing LAWS.
9-28-2015 Newshound Guru Aggiedad77 Definitely some interesting news this morning…are we seeing an approach to the “day of reckoning” for the IQD…perhaps on a worldly scale…the Iraqi Official Gazette getting geared up for some good things…all those LAWS that have been talked about recently…Islamic Banks are coming…again more innuendos about security I think…watch for things to really start improving…IMO.
9-28-2015 Intel/Newshound Guru Poppy3 I HEAR VOTING TOMORROW ON THE ENTIRE BASKET OF LAWS. BANKS ANNOUNCED THEY HAVE INTERNATIONAL ELECTRONIC BANKING READY. WE ALL WAIT FOR THE NEW RATE.
9-27-2015 Newshound Guru firefly The HCL is huge for the people of Iraq but not needed for the monetary reform! Question needs to be asked … What does the HCL have to do with a monetary reform? In country for the citizens it is enormous. Internationally…well it has absolutely nothing to do with it
9-27-2015 Newshound Guru sczin11 Article quote: “…Sunday, continuing disputes with the Kurdish parliamentary blocs on the amendment of the Federal Court Act because of the commitment positions since the arrival of law to the House of Representatives.” THIS MAY BE VERY TELLING…IMHO, THE JUDICIARY REFORM IS A VERY NECESSARY STEP, IN ORDER TO COMPLETE THE MONETARY REFORM, AND CLEAN UP THE CORRUPTION…
9-27-2015 Newshound Guru firefly AML [Anti Money Laundering] is HUGE and was a must according to the WB and IMF. IMO it is the root for all the other international laws to come into fruition. I believe that the National Guard Law is just as important as the Investment Law. The HCL is huge for the people of Iraq but not needed for the monetary reform!
9-27-2015 Intel/Newshound Guru tman23 The elections and then appointments of positions in Iraq GOI was a mere game of musical chairs…same players, different appointed position…AND they did not begin to move into reforms until the poor population began demonstrating and was preparing to “burn the house down'” per se’… The reforms so far have been 99% cosmetic. They claim that after EID they will pass the laws that will enforce/re-enforce the reforms. The only one I care about is the investment law…once this is passed and new foreign contracts along with investment come into play…this influx of money and the accounting with/without 3 zeros will be the determining factor of which way the IQD moves.
9-27-2015 Newshound Guru tlm724 Article quotes: “Saleh, said that investment protection is the only and the main way to raise the economic growth in the country” “the investment essential and important issue of protection of the fact that the country has no alternative to economic growth and raise the rates of development, but from investments overseas” …Saleh is saying one way to make the needed adjustments to the economy is bring in foreign investors and their money, they gotta pass that investment law and protect the investment or no one is going to invest!