Iraqi Dinar Guru opinions 12-28-15
Iraqi Dinar Guru opinions 12-28-15
12-28-2015 Newshound Guru Millionday “…the government’s commitment to hand over 17% of the actual spending for the region depends on the commitment of the region to export oil…” “…there have been meetings between the Prime Minister and the Finance Ministry and the Finance Committee in the Parliament and there was an understanding between them on all the 2016 budget items.” THIS IS ADDRESSING THE OIL AGREEMENT BETWEEN KURDS AND IRAQ FEDERAL BUT ALSO IS OBVIOUSLY THE AGREEMENT WITH THE BUDGET ITEMS AS WELL. THEY ARE AGREEING ON THE OIL AGREEMENT MADE EARLIER THIS YEAR AND MOVING FORWARD…FINALLY THEY HAVE AGREED AND THE NUMBERS WORK AND ARE GOING TO BE RESPECTED. THIS IS GREAT NEWS. THIS IS A HUGE WHOOPOW.
12-28-2015 Newshound Guru firefly [i dont think anyone is calling a date or rate, just hoping.] There is no hoping, it is happening before our eyes, Just enjoy the last moments.
12-28-2015 Newshound Guru rcookie Quote: “Iraqi city of Ramadi ‘fully liberated’ from ISIS by government forces THE ASSOCIATED PRESS Monday, December 28, 2015, 6:36 AM” EVEN THOUGH IRAQI FORCES ARE DECLARING FULL LIBERATION OF RAMADI…THE ENTIRE GOV’T COMPLEX HAS BEEN LIBERATED…AND 70% OF RAMADI BUT STILL SOME CLEAN UP WORK TO DO.
12-28-2015 Newshound Guru Kaperoni Article: “Parliament calls for reducing the financial value of the dinar against the dollar, rather than external borrowing” This is the same old story from a few months back, calling for the CBI to devalue the dinar to 1400 to save money on the budget rather than borrow from the IMF and WB (and the subsequent conditions) to fund the budget. The one caviot here is they claim they have sources in the CBI that are in agreement and planning to devalue the dinar. That being said…in the short term, a devaluation would save them some money. The problem is though that it would also destroy citizen confidence in the dinar, many would dump the dinar for dollars and further putting strain on the CBI’s reserves. A devaluation also completely goes against the principles the CBI and government are trying to acheive to create a market economy.
12-28-2015 Newshound Guru Kaperoni Strengthening the dinar, opening the banking system, freedom of movement of capital are all goals. A devaluation is counterproductive to this. Not to mention Ali al-Allaq made at least 3 appearances in the media stating the CBI has no intent to devalue the dinar. If this becomes a clear lie, it would hurt his credibility and the CBI’s monetary policy credibility…Further harming the banking system. I don’t buy it all…I would tend to think this kind of article comes from those who don’t want to see the CBI succeed and want to further damage Iraq’s economy. Time will tell.
12-28-2015 Intel Guru Bluwolf We await a not so distant sign or calling which actually should be in the mist of occurring. I for one am very optimistic about the situation, every aspect of this venue has been covered and there is no reason to the why it hasn’t transpired. We are just a email away period.
12-27-2015 Newshound Guru rcookie Article quote: “…the Parliamentary Committee with regard to a joint meeting of the ministries of planning and finance, industry and the Interior of the Central Government and the Kurdistan Regional Government to implement customs tariff revenue and increase revenue to the State.” CUSTOM TARIFFS TO BE APPLIED IN ALL PORTS…BAGHDAD..ERBIL MEETING.
12-27-2015 Intel/Newshound Guru American Contractor When military operations first began in Iraq, in March 2003, there was no set plan in play for the Iraqi economy. The Coalition Provisional Authority (CPA), along with the Iraqi interim government, created a new Iraqi dinar currency on 15 October 2003 and ended on 15 January 2004. The Iraqi government plan was to distribute 4.5 trillion new Iraqi dinars in a one for one exchange throughout the country. The money supply has increased to about 40 trillion banknotes on deposit and in circulation since 2004.