Iraqi Dinar Guru opinions 11-23-15
Iraqi Dinar Guru opinions 11-23-15
11-23-2015 Newshound Guru Millionday Article quote: “Managed (State – components) of the framework of its new economic characterization as a system (Riei- liberal) alternative economic system (state – the nation), a system (rent-Central) based on the severe state capitalism Central…” THIS…IS THE ANNOUNCEMENT FROM SALEH ABOUT THE MOVE FORWARD TO A MARKET ECONOMY. SALEH IS ANNOUNCING THE NEW ECONOMIC SYSTEM — RENT-CENTRAL — CAPITALISM. THE LAWS ARE THERE…THEY NEED TO ALL BE ACTIVATED ALL AT ONCE.
11-23-2015 Newshound Guru Millionday THE NEW ECONOMIC REFORM IS IN THE 2015 AND THE 2016 BUDGET…ALL REFORM IS TO MAKE THEIR PRIVATE SECTOR MORE PRODUCTIVE AND SUCCESSFUL IN THE –GLOBAL MARKET–. ALL OF THE MOVES THIS INGENIOUS PLAN HAS PRODUCED IS TO TRANSITION TO THE GLOBAL MARKET AND ENTER THE GLOBE AS A DEMOCRATIC EXAMPLE FOR THE REGION THEY WILL BE DOING MUCH OF THEIR BUSINESS IN — HUGE. ONE OF THE TOOLS THAT HAS TO BE PUT IN PLACE IS THE INTERNATIONAL EQUATION WHICH IS REALITY AND FAIR TRADE ACCORDING TO ACTUAL WORTH IMO. UNDERSTAND HE IS TALKING ABOUT WHAT WE HAVE BEEN WAITING TO SEE — IRAQ GOING GLOBAL TO A FREE MARKET ECONOMY — GLOBALIZATION.
11-23-2015 Newshound Guru wmawhite I am thankful that the CBI and IMF are…using sound judgement and fiscal policies to bring the Iraq Dinar back into the global markets. Also, when the IMF tells the world that Iraq will be re-entering the global market before the first half a 2016…I am excited.
11-23-2015 Newshound Guru tlm724 Article quote: “the governor of the bank on the Keywords in the (3 March 2015) that the project to delete the zeros existing project has been put into practice and that gave light Green to start with, “he said.” The project needs a period of time may extend to two years or more.” Now I know you all remember this from March 3rd…the CBI gave the greenlight on the project. Needless to say we are seeing huge strides in the currency reform. We have since the IMF meeting and the IMF said if you want us to loan you money you will listen to us and do things the right way! Thank you IMF.
11-23-2015 Newshound Guru firefly We are NOT waiting for laws. They were amending old laws, NOT creating new ones. IMO they won’t even tell us when they are/were activated. Much of what I am reading on international sites hints that many are already activated. […and art 140 is rearing its head again?] I’m not concerned about article 140. Yes, it is HUGE in Iraq and will help them immensely but what does it have to do with a international monetary reform? [the way i get it is we wont see an rv till between jan and june of 2016, but i could be wrong?] According to the UN, US and Iraq reform agreement, there is an end date! IMO, it’s all about timing now.
11-23-2015 Newshound Guru Kaperoni Article: “Central working on the application of parallel policy to keep prices and curb inflation” Iraq needs money, they are going to be forced one way or another to activate the tariffs, market economy, and follow the IMF.
11-22-2015 Newshound Guru Aggiedad77 Article: “Abadi wishes application of customs tariff soon after the previous governments’ failure to implement” watch for early December implementation…by the middle of the month…taxes and tariffs…PM Abadi though is wanting it done correctly this time, no more delays…the Holy Man wants this done…we want this done…its a part of our step forward into the new international world.
11-22-2015 Newshound Guru Kaperoni Article: “Central bank: we oppose calls for reducing the rate of exchange for reforms” Good to hear again there is no plan to reduce the value of the dinar despite those who want to (Turki).
11-22-2015 Intel/Newshound Guru tman23 The decision of the Court on Najafi’s 2 lawsuits which involve the VP position is the BIGGEST of BIGGEST for Abadi and the GOI as a whole. This decision is set for release the 24th…Tuesday. If they decline Najafi’s suit…the rest (Maliki and Alawi’s are moot. If the court rules in favor of the VP suit. Well it won’t be good for Abadi reforms and anything else coming down the pike. Tuesday is a BIG day!
11-22-2015 Intel/Newshound Guru Poppy3 …THE WORLD BANK IS STRESSING THE MOVES ARE VERY URGENT. I HAVE READ SEVERAL TIMES THE BILLIONS IN LOANS FROM THE IMF AND WORLD BANK ALONG WITH CHINA…NONE OF THESE WILL RELEASE THE FUNDS UNLESS THEY HAVE A INTERNATIONALLY TRADABLE CURRENCY. THIS MAKES PURE COMMON SENSE. (EXAMPLE ) JUST LIKE YOU AND I GETTING APPROVED FOR A LOAN IS ONE THING BUT THE FUNDS ARE NOT RELEASED TILL THE COLATERAL IS IN PLACE. EXPECTING NEW RATE BETWEEN NOW AND DEC. 15TH.
11-22-2015 Newshound Guru mike If the sovereignty of the dinar is so important, why haven’t they added value to it? Of course the dollar isn’t a benefit to the country, it’s a crutch to limp along with until you fix your own currency. I can’t even remember how many times the GOI has said they need something (think “security and stability” ) to add value to the currency, it’s been one long list of excuses for years now, they’re going to mess around and delay this too long and the reserves will be severely depleted which may give them a legitimate excuse to put a hold on the change. …there’s only so much the IMF can do. For me, the only motivation Iraq has to comply with the IMF is to receive the handout at the end, the IMF has made it clear they won’t help unless Iraq helps themselves.
11-22-2015 Newshound Guru Kaperoni …it would make little sense to issue any lower denomination until the dinar appreciates to a point in which they are useful. And I do expect that they will move from the peg to the float before 2017 (probably by mid 2016). Here is the direct quotes from the CBI as far as timeline for the notes…”the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017,” or “likely work on the project early in 2017.” …two articles also say that only a 50, 100, and 200 would be introduced at that point. One can make an educated guess as to a rate then based on those denominations the dinar would only be worth about 5 cents or so (any more would require even smaller denominations, any less no need to issue). The reference in this article to me is only a general statement as to the value of notes that eventually will be out, not that specifically that they would all be issued at that time. In fact, we know that is not true based on the two CBI articles posted. That being said, who knows how fast the dinar will rise once they get off the peg.