Iraqi Dinar Guru opinions 1-23-16
Iraqi Dinar Guru opinions 1-23-16
1-23-2016 Intel/Newshound Guru Backdoc IRAQ AND IRAN WILL GO TOGETHER AND THAT’S THEIR WORDS NOW NOT MINE…COULD THERE BE MORE TO THE DEAL? AHHHH YAAAAA…HOW ABOUT WTO? REALIZE THE WTO INDUCTS ONCE PER YEAR IN JUNE! THEY MAKE THE DECISION IN MAY! IT TAKES 90 DAYS TO COMPLETE THE PROCESS, SO JUST SIMPLY MOON WALK 3 MONTHS FROM MAY! AS I READ 60 DAYS OF THE 90 DAYS CAN BE COMPLETED THROUGH PARLIAMENT PRIOR, POSSIBLY SECRETLY, NOT SURE! BUT, THERE NEEDS TO BE GIVEN 30 DAYS NOTICE EVEN IF ALL IS DONE PRIOR TO INDUCTION. SO WE HAVE SOME INTERESTING CLUES TO CHECK OUT GOING FORWARD FOR SURE! IMO.
1-23-2016 Newshound Guru rcookie [did the budget actually get into the gazzette?] YES IT SURE DID…AND ALREADY MANY PARTS BEING IMPLEMENTED… [Past Budgets, after being published in the Gazette…took around 4-6 weeks where the Budget was brought out in the Council of Ministers meeting for “implementation and distribution” instructions…This 2016 Budget will be no different…] THE DIFFERENCE IS THAT THIS BUDGET ACTIVATION… ALONG WITH TRANSFER OF POWERS AT THE PROVINCES RECEIVE THEIR INDIVIDUAL DISBURSEMENTS & ALLOCATIONS…IS BEING OVERSEEN & MONITORED BY IMF…WB…& UNITED NATIONS TEAMS…THE CONTRACTS WITH GE…BOEING…INTERNAL BONDS HAVE ALREADY BEEN EXECUTED…. SALES…CUSTOMS TARIFFS…
1-23-2016 Newshound Guru OOTW NOWHERE IN THE BUDGET DOES IT SAY THAT HCL IS PASSED… IT DOESN’T SAY ANYWHERE “HCL, HYDRO, HYDRO CARBON LAW,” ETC. THE VALUE OF THE DINAR DOESN’T HAVE TO BE INCREASED FOR KURDS TO RECEIVE THEIR PORTIONS OF PAYMENTS DISTRIBUTIONS. FEDERAL REVENUE SHARING LAW IS THE DEVICE / LAW BY WHICH THE DETERMINATION AND DISTRIBUTION OF PAYMENTS COMES ABOUT. HCL IS NOT THE DEVICE WHICH DETERMINES THE VALUE OF THE DINAR.
1-23-2016 Intel/Newshound Guru Poppy3 with THE OIL PRICE DOWN IS IN OUR FAVOR — MEANS TO MEET BUDGET OR JUST TO REDUCE THE DEFICIT THEY WILL HAVE A MUCH HIGHER RATE FOR THE DINAR. WITH OIL DOWN THEY MUST COMMIT MORE GOLD TO RESERVES OR RAISE THE RATE OF DINAR HIGHER THEN THEY WOULD HAVE IF OIL WAS STILL UP? ALL WE NEED IS THEM TO TAKE INEVITABLE ACTIONS THEY KNOW THEY HAVE TO DO.
1-23-2016 Intel/Newshound Guru tman23 …regarding the 2016 Budget…When the Kurds receive payment from the Finance Minister for 17% of the budget for the month of…then it is in effect…AND if it were in effect right now…Then the federal government is in breach of payment again for January…it is NOT and HAS NOT been in front of the CoM for implementation instructions yet…Council of Ministers meets every Tuesday… We will see this action take place in a CoM meeting …I GUARANTEE IT!
1-22-2016 RUMOR Guru Mnt Goat I want to… caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT. But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar. Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.
1-22-2016 RUMOR Guru Mnt Goat …just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation…will not make the RV happen any sooner. In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world. …my contact in the CBI was trying to tell me…to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.
1-22-2016 Newshound Guru rcookie 1ST ON MONDAY WE HAVE ANNOUNCEMENT OF CUSTOMS & TARIFFS LAUNCHED IN ALL PROVINCES… IN ACCORDANCE WITH ARTICLE 24 (A,B,C) OF 2016 BUDGET…THEN YESTERDAY WE SEE THAT GENERAL ELECTRIC IS ANNOUNCED AS PRIMARY AGENT FOR ELECTRIC PLANTS & MAINTENANCE IN ENTIRE COUNTRY AS GUARANTEED ALLOCATION IN ARTICLE 31 OF 2016 BUDGET…THEN WE SEE THE ANNOUNCEMENT OF FOREIGN INVESTMENT TOWARD PRIVATIZING IRAQI AIRWAYS AND RE-OPENING OF EUROPEAN FLIGHT SCHEDULES FROM IRAQ AND MASSIVE EXPANSION PLANS WHICH WILL ALSO BE SUPPORTED BY GUARANTEED ALLOCATIONS IN ARTICLE 31 OF 2016 BUDGET…THEN FINALLY TODAY WE SEE ANNOUNCEMENT THAT FOR 1ST TIME SINCE 2003…IRAQ SELLS BONDS TO LOCAL CITIZENS… TOTALING 5 TRILLION DINARS THIS YEAR…3 YEAR TERM..10% INTEREST…HAVING ALREADY ISSUED TO LOCAL BANKS…AS OUTLINED IN 2016 BUDGET (CHAPTER II..ARTICLE 2.. SECTION B..PAGE 10) WOW…THIS ALL DONE AND BUDGET INK IN GAZETTE STILL WET!
1-22-2016 Newshound Guru Millionday Article quote: “State of Iraq, will host the third International Conference on Finance and Banking, in an open dialogue between Iraqi officials and international business partners and investors…The event will be held from 7 to March 8, 2016 in Beirut, Lebanon.” [you would think if Iraq was hosting this conference that their currency would be internationally recognized?] I WOULD NOT BE SHOCKED BY IT — IMO THEY HAVE MADE IT CLEAR THAT THEY ARE GOING OUT TO THE MARKET AND THIS APPEARS TO BE A GREAT TIME WITH EVERYONE THERE IMO.
1-22-2016 Intel Guru Frank26 The Budget is finally official with the G [Gazette] publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.