Iraqi Dinar Guru opinions 12-14-15
Iraqi Dinar Guru opinions 12-14-15
12-14-2015 Newshound Guru rcookie Article quote: “…economic expert, Salah al-Din Kaku, that Iraq depends on oil revenues by more than 80 percent, indicating that the decline in oil prices is necessary for Iraq to take swift action to lift the economy.” THIS ARTICLE SUPPORTS THE DIRE NEED IN IRAQ TO IMPLEMENT ALL OTHER ECONOMIC REVENUE STREAMS TO RELIEVE BUDGET BURDEN ON VOLATILE OIL MARKET PRICING…LIKE TAXES & TARIFFS…AGRICULTURE AND THE INDUSTRIAL MANUFACTURING SECTOR…OR PREDICTION OF TOTAL COLLAPSE OF IRAQI ECONOMY IN 2016.
12-14-2015 Newshound Guru OOTW FROM THE CABINET SITE: “the Federal Ministry of finance/general administration llkmark introduction kmerkih audit and holds the points to make sure that the customs tariff law in border self-righteous.” THIS ANNOUNCEMENT IS CONFIRMING THAT THE GOI INTENDS TO IMPLEMENT TARIFF’S AND QUALITY CONTROL OF GOODS FOR THOSE BRINGING GOODS INTO IRAQ…ONE THING TO NOTE – IF THESE IMPORTER’S ARE BEING CHARGED A TARIFF, YOU CAN BET THEY’LL PASS ON THESE COSTS TO THE IRAQI CITIZENS/ BUYER’S OF GOODS.
12-14-2015 Newshound Guru OOTW Quote: “The first is called the central category of «50» Alpha in February next. And the planned issuance of the «100»” FOOD FOR THOUGHT – IF THE 2016 BUDGET CONTAINS LEGISLATION STATING THAT THE TARIFF’S ARE TO BE IMPLEMENTED IN 2016, COMBINED WITH TODAY’S CABINET ANNOUNCEMENT RE THE INTENTION TO CHARGE ENTRY OF FOREIGN GOODS CUSTOMS/TARIFFS – AS WELL AS THE ABOVE ARTICLE [quote], RE THE INTENTION TO RELEASE THE 50K NOTES IN FEBRUARY (LATER TO RELEASE 100K) NOTES, THEN PERHAPS THE IRAQI GOVT WILL ASCRIBE SOME PURCHASING POWER TO THESE NEW NOTES? AS USUAL, WE WAIT AND SEE…
12-14-2015 Newshound Guru Kaperoni The market economy cannot succeed without freedom of movement of capital. And everyone knows it is grossly undervalued. Once the laws are in place and the CBI moves to Article VIII and changes regime from fixed to float, the dinar will only go one way..that is up. …we should be excited, the CBI has followed very precisely the IMF the last few weeks. A great sign of what’s to come.
12-13-2015 Newshound Guru Chattels Any one who says that the HCL is agreed upon and set forth in the 2016 budget is clueless, IMO. A ” permanent ” and plenary HCL will involve several constitutional issues. It is not going to be set forth in any annual budget agreement / law.
12-13-2015 Newshound Guru wmawhite …the tariffs, the taxes, are budget issues and are needed to support the budget. However, those two items will cause major increases in goods to the citizen. Therefore, Iraq must provided more purchasing power via a more valuable currency.
12-13-2015 Newshound Guru mike Article: “Economist: 77% out of cash liquidity for the banking system due to lack of confidence” For me, these folks are hanging onto every dinar they can squirrel away, they’re in survival mode right now. Government projects have stopped, paycuts, the war with ISIL and others all contribute to this, until there’s relative peace and stability, nothings going to change. I also agree that without banking laws, the folks are going to shy away from the banks. There’s been too many stories about folks being unable to withdraw their funds because of low liquidity, no one trusts the banks in Iraq.
12-13-2015 Newshound Guru firefly Article quote: “Governor Ali al-allaq said in March that the new Bank is that the auction is no longer a daily window for sell by auction, noting that new mechanisms developed to sell the currency, particularly the functional currency of the foreign trade.” the discontinuation of the daily currency auctions…Must happen. The only thing I’m looking at is the Auctions…PERIOD, END OF STORY. Nothing else matters…The auctions are for buying the USD. They have to get the USD off the streets! No way around it. When it is completely halted…then IMO we should be expecting the LDs to hit the streets as well. I’m pretty pumped to tell u the truth.