Iraqi Dinar Guru opinions 10-2-15
Iraqi Dinar Guru opinions 10-2-15
10-2-2015 Newshound Guru Aggiedad77 Article: “Parliament will vote on the Islamic Banking Act” Parliament voted in agreement on the Islamic Banking Act on Thursday…this has to be their version of “fast track”…this moved through Parliament really fast…IMO…there is something else behind this act…why would they want or feel the need and urgency to pass this act…it has to play well with their economic recovery efforts, with Abadi’s reform efforts, and with the MR…all IMO….in that direction this must then be a very positive action on their part.
10-2-2015 Newshound Guru Aggiedad77 “The Government of the Republic of Iraq and the Government of the State of Kuwait Article 1 of the Republic of Iraq to ratify an agreement on trade cooperation between the Government of the Republic of Iraq and the Government of the State of Kuwait” Remember TRADE is a vital blood line for any country and for these two, Kuwait and Iraq, to be opening doors with each other in this fashion is speaking so very LOUDLY…more of the good life to come…they are setting up some very good measures to bring about great growth for the proper time.
10-2-2015 Newshound Guru firefly The ONLY law the WB and IMF was insisted on being done prior to Oct 1st was the…Anti Money Laundering Law…which was done AND published in the official gazette on Sept 16th. I believe that is the cornerstone to EVERYTHING else being implemented…the AML was imperative, especially for the border tariffs. Investment law not required but needed.
10-2-2015 Newshound/Intel Guru BGG This is the whole ball game right here…supposedly they did the 2nd reading of the Law of the 3 Presidensies. As I understand it, that will take care of Maliki. So, they are within a 3rd reading and a vote and once they do Maliki has no immunity, if I understand correctly the way that is laid out. By the way, the only October 1st deadline was the Anti Money Laundering Law set forth by the World Bank and the IMF and they met that deadline early. Some say it was published in the gazette…not sure if that is true. There is no other deadline…they did what they were to do. Stop and think, they have never met a deadline before…so for what ever reason that meant something to them. Also, as soon as Abadi got back from New York he issued new orders and directives. He is walking like he is a man on a mission. That in concert with everything else going on this is very good news.
10-1-2015 Intel/Newshound Guru tman23 We know they will never give a sniff of a hint to the date of creating more value…if indeed that is their intentions, to create more value where public profits can be made… So them saying 2016 is just fine…We know from following this that they need a change in policy asap…not only are the Iraqi people restless…but the worlds emerging markets that are ready to take a big hit does not help “global stability” with more people becoming restless… IMO…The PTB cannot kick the financial can down the road another year… AND that is what 10/1 -10/5 meetings are going to be having to come to terms with…investing several trillions in global infrastructure building.
10-1-2015 Newshound Guru Aggiedad77 Article quote: “The 70th session of the United Nations General Assembly is being held under world challenges on many scales, especially, fighting the terrorism of Da’esh.” Great speech by PM Abadi…he speaks of “sustainable development” in a very positive light…He seeks cooperation with all nations of the world in combating terrorism…he spoke of environmental concerns, the protection of generations into the future, elimination of poverty and discrimination. Lofty topics for someone leading a country that some say is on the brink of extinction… …know that a blessing is coming, not only for us but for all the world who continues to stay tuned in to all that is happening…
10-1-2015 Intel/Newshound Guru tman23 I think to the “education” part to the public regarding monetary changes…Say they plan on lifting 3 zeros at the start of 2016 (Which Shabibi said in ink a few times) that the start of the year is favorable and not in the middle of a quarter or year…That being taken into consideration…IMO, they would have to start educating before the time…and as they removed the 50 note and gave 60 days to turn them in….so goes the pre education part to new currency etc…point being…If this is going to go…it can go anytime after 10/6. We are going to know soon…and not Iraq “soon”.
10-1-2015 Newshound Guru Kaperoni Looks like Saleh is recommending that the CBI get off the peg and at some point into a basket of currencies. I agree that would be best for Iraq…But I also believe prior to this, the CBI must allow the dinar to rise to it’s true value.
10-1-2015 Newshound/Intel Guru BGG [I hope that they hurry up and get the reading of the 3 Pres. Act done!] The fact that is within 1 reading and no one really knew – IS HUGE NEWS…they have apparently been working on it without anyone knowing. Once that is read and enforced – Maliki’s goose is cooked. Officially. the Law of 3 presidencies and the AML Law [Anti-Money Laundering] are both HUGE.
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.