Iraqi Dinar Guru opinions 10-1-15
Iraqi Dinar Guru opinions 10-1-15
10-1-2015 Intel/Newshound Guru Poppy3 no doubt about the fact that none of these banking laws, international credit rating, any of the goi and cbi regulations would have been needed if the CBI AND IRAQ GOI where not going to RV the dinar. they could have chosen to just continue to use USD…none of this would be needed. MEANING TO YOU AND ME THE NEW RATE IS COMING AND WITH THE IMF STATING THEY ARE PREPARING TO LOAN BILLION TO IRAQ THEY MUST KNOW THE NEW RATE IS A FOREGONE CONCLUSION. REST ASSURED NO RATE NO LOAN FUNDS WILL BE RELEASED.
10-1-2015 Newshound Guru Adam Montana I think Abadi has done a great job in reshaping the GOI. Maliki is small potatoes – he’s merely a gnat on Abadi’s shoelace at this point, and I think Abadi is working behind the scenes on bigger items. [any news on the HCL?] Strangely quiet at the moment…I’m hoping that’s the best news possible right now.
10-1-2015 Newshound Guru BGG Article Quotes: “Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report…” “According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012.” Here is a very interesting article… shows a legitimate reason why – in the face of such adversity – that major banks and players are still looking to invest in Iraq… essentially – (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame… There’s the reason…
10-1-2015 RUMOR Guru Mnt Goat Article quote: “…the Commission formally addressed the Presidency of the Council of Representatives to hold a special conference of national reconciliation and the introduction of those who want to contribute to the building the state and the new Iraq…” Remember this – No reconciliation thus No RV! I believe Iraq also needs the Investment law and Banking laws (already passed) and this too is holding back the RV but not needed for the “full” reconciliation. … there are also economic reforms that the government WOULD LIKE TO PUT IN PLACE too that can ensure a smooth transition to investors and international players doing business in Iraq prior to the RV.
10-1-2015 Newshound Guru Kaperoni Article quote: “Prime Minister Haidar Al-Abbadi said, the net oil revenues in next year’s budget draft 2016 “100% goes to staff salaries and retirees.” …all the revenue goes to pay state employees and that is why there is such an urgency now for a market economy to get additional sources of revenue and get citizens off the state payroll.
10-1-2015 Newshound Guru Aggiedad77 Well the Iraqi news this morning is packed with some good stuff, and I’m expecting more to be coming our way as the day and weekend progresses. We stand on the doorstep of October and we are hoping for some really hefty kinds of effort from Parliament in these first few days of the month. May they be steady and strong in their efforts to push forward with some very key laws that can have a strong positive impact on the Iraqi economy and their reform efforts as well…rest assured they are moving at speeds we’ve not thought. We wait…we watch…we pray for the best…for we know…the BEST is yet to come.
10-1-2015 Newshound Guru Chattels Article quote: “Parliament Speaker Salim al-Jubouri confirmed its support for initiatives aimed to achieve a comprehensive national reconciliation in the country.” Hardly sounds like it is done or a foregone conclusion …I say, National Reconciliation is a process and NOT AN EVENT!
9-30-2015 Newshound Guru wmawhite [World bank about lend one billion to Iraq by the end of the year.] …these pedally loans are for the day to day operational needs of Iraq. The change in status of the IQD will enable Iraq to conduct business outside of Iraq. It will enable the CBI to “leverage” its currency. Such as, instead of paying 1166 IQD for $1 of expense…leverage to 1 t0 1. the sooner the IQD changes status the sooner Iraq can start leveraging its currency and using the international community to rebuild its country. Currently, Iraq is just treading water. How long can they hold out? Forever. However, they have told the world that they want off of the USD and use the IQD.
9-30-2015 Newshound Guru wmawhite Let me clarify…holding out is continuing to conduct business on the USD. But if Iraq wanted to continue on the USD Iraq would not be going through all of these painful changes. Based upon what the Board of Director of the Central Bank of Iraq, they are moving forward with the steps that are needed because of a change in value of the IQD. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change.
9-30-2015 Newshound/Intel Guru BGG it appears…that Shabibi is the one who had the “legit goods” on Maliki and others… Maliki is trying to counter these reports of his outright theft with “counter-allegations” of huge bonuses and other perks. IMHO Maliki still has considerable power – it is still a very corrupt structure. However…they are making all these corruption issues with Maliki public now – because, of course, they intend to move against him soon… he’s still working to stay (on numerous fronts)…if they meant to keep him – why go public…short answer – they don’t…Maliki is throwing every vile accusation he can at the National Guard Law… it and the AML Law are the end of him…they have chiseled, and chiseled and chiseled… and he’s not as powerful as he once was. [Has parliament finally voted to dismiss the VPs?] not officially – (yet).
9-30-2015 Intel Guru Delta Maliki has been a “hot” issue in Iraq for a long time…but not lately. He used to give people money under the table. Abadi has eliminated those people. Maliki is out of power…and now he doesn’t have any money…so he is losing a lot of ground. Nobody listens to Maliki anymore. He has no support. He’ll get phased out just like the 3 zeros.
9-30-2015 Newshound Guru Aggiedad77 Article: “Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month” In the presence of a man who knows how big business should be run….I’m speaking of PM Abadi and how he attempts to run things on a tight schedule…the 2016 budget looks to be in the hands of Parliament maybe by the 10th of October…we shall see and certainly be surprised if it is…a budget of 113 trillion dinars on a deficit of 29 trillion dinars…how do they ever make ends meet.
9-30-2015 Newshound Guru Adam Montana News right now on the HCL is scarce, but I actually like it that way. If we are to see a major change in the value of the currency, and it rests on a successful HCL, then we should not hope to see a lot of “news” or “tips” on it’s progress. The HCL, and then the RV, is something that will happen BOOM! or…”SUDDENLY”.
9-30-2015 RUMOR Guru Mnt Goat They have to make some kind of “reconciliation” or they will NEVER join the international community. Pressure is just too great from the USA and GB not to conclude this sooner than later. This they want and need so desperately. They also have until early 2016 to get their act together to get fully out of chapter 7 sanctions. This deadline is fast approaching. This was a deadline imposed by the UN of 10 year sanction release period. Now it’s time for Iraq to turn the page and to experience the full blessings and abundance that can come from the proper use of all their resources once applied to the global markets. It is my opinion the time is now. The clock is ticking.