Iraqi Dinar Guru opinions 10-23-15
Iraqi Dinar Guru opinions 10-23-15
10-23-2015 Newshound Guru Millionday Article quote: “special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won 179 votes out of 187 votes in favor, with one country, so Iraq’s record return mission in international forums” …MEANS…BACK TO THE GLOBE. IRAQ IS NOW AN ACTIVE MEMBER OF THIS UN ORGANIZATION… ECOSOC. THE BEST WORDS IN ONE SENTENCE I HAVE SEEN IN A VERY LONG TIME >>>FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION. THIS…IS HUGE NEWS AND…WHY I AM SO VERY EXCITED.
10-23-2015 Intel/Newshound Guru tman23 This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms… And Abadi will lose credibility… IMO, the BEST thing we have seen is this new salary ladder…The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries…Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid. Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year…which is the equiv to international standards…when you take all the salaries on the ladder it works out to what their in country pricing index is. So the question is…HOW LONG BEFORE THE ARE TOLD…AND IMO…The 3 zeros need to be raised with the “back wall” being the start of the new year.
10-23-2015 Intel/Newshound Guru tman23 In the past years they spoke of lifting the 3 zeros and it was DELAYED…needed studied by a committee…We probably couldn’t count on 2 hands how many committees kept being formed to study the 3 zeros. Then they announced delaying from the start of the New Year to June…AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR! This new salary ladder is a good sign. The delay of the investment law is a good sign. The 2016 Budget being completed before the start of 2016 is a very good sign. And citizens not being paid and liquidity being drawn in off the streets is a good sign. IMO…Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation.
10-23-2015 Newshound Guru Adam Montana Keep an eye on that HCL news… when it slows down this time, I think that’s when we’re on the home stretch.
10-23-2015 Newshound Guru Enorrste Article: “Parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues” The very fact that this announcement came from the Parliamentary Committee on the Economy means that this will happen. I find that what the Parliamentary Committee is saying echoes exactly what KAP [Guru Kaperoni] and I have said for some time now, namely that once the Investment Law is passed investment will flow into Iraq and literally create a “quantum leap” for the economy. The term I have often used is that it will be like the “wild west” was in the US at the end of the 19th century…foreign investment will mean that the financial crisis will be ameliorated significantly and will allow the government to return to “normal” in terms of salaries, projects, etc.
10-23-2015 Newshound Guru Enorrste Furthermore, foreign investment will inject new money into the local economies, which means that the CBI will be enabled, finally to float the currency. As new money comes into the economy the only way to avoid inflation (too much money chasing the same amount of goods) will be to raise the value of the dinar to offset those affects. By reducing the amount of dinar currency in the market the REAL value of the dinar will rise, meaning that the same dinar will buy MORE goods, thus reducing the upward pressure on prices themselves. I was also pleased to see that the IMF is chiming in on this today, stating that early next year will see Iraq “entering the market.” This means that they expect this process to take place and that the float will begin early next year. The phrase “entering the market” means allowing their currency to become internationally recognized.
10-22-2015 Intel/Newshound Guru tman23 Aside from the new salary ladder and the confusion where political blocs are calling it illegal and not with in Abadi’s powers… Iraq is holding talks with Findland and Europe on deporting migrating Iraqi’s back to Iraq…Most of the young and scientific (educated) are the ones who have fled the country. Now why would Iraq even begin to speak about them returning when they have nothing to offer them? There has to be a massive change coming…The talk of bringing back citizens you can’t support, the new salary cuts that has the country confused and mad as h*ll. This can not go on for 6 months. Quite frankly I don’t believe they can make it 90 days with out a rate change that explains the reasons for what appears to be insanity to the citizens.
10-22-2015 Newshound Guru Chattels Article quote: “the budget bill arrived at the Presidency of the Council of Representatives by the government to put on the agenda and approval” THE BUDGET BILL MAY BE ON THE AGENDA FOR THE 27TH WHEN PARLIAMENT RECONVENES WHICH LEAVES ONLY FIVE (5) BEFORE THE 1ST OF NOVEMBER AND THE LAST TWO DAYS OF THE MONTH ARE FRIDAY HOLY DAY AND SATURDAY ( HOLIDAYS ). MY POINT IS THAT THERE ARE THREE (3) ” WORKING ” DAYS LEFT TO THE PARLIAMENT FOR TWO READINGS AND A VOTE.
10-22-2015 Newshound Guru Chattels MY BELIEF HAS BEEN AND IS THAT THERE IS A FOUR (4) DAY WAITING PERIOD BETWEEN THE SECOND READING AND A VOTE. WE MAY FIND OUT WHETHER I AM CORRECT NEXT WEEK. MY read/take is that if the budget is not voted upon by the 1st that the recess will be will not start on the 1st and the session extended for 30 days to complete adoption of the budget law. No way it can be done in the next 11 days, IMO, so we are into November if the article is accurate.
10-22-2015 Newshound Guru Kaperoni Article quote: “…confirmed the International Monetary Fund, on Wednesday, that Iraq could give a large loan in 2016 to help him achieve financial stability…” Well the good news is any IMF loan comes with a SBA (stand by agreement) and they do what they are told if they want that money.
10-22-2015 Newshound Guru Aggiedad77 Article: “International Monetary Fund: Baghdad is not currently in danger of running out of cash” The IMF is admitting they may well provide Iraq with a “large loan” in 2016 in order to achieve financial stability…they are recognizing the external issues that Iraq is facing, the war against DAASH and the falling oil prices that have both devastated their countries economy…what they are seeking from Iraq is the development of a clear and comprehensive set of reforms that apply to their finances…the IMF has agreed they may help in this process as well