Iraqi Dinar Guru opinions 2-4-16
Iraqi Dinar Guru opinions 2-4-16
2-4-2016 Newshound Guru Millionday Press conference quote: “within the coverage of the budget will be put national bonds at home to be purchased by citizens at an interest rate similar to the interest which are raised for foreign bonds,” adding that “these bonds will bring good return to the citizen”. THEY HAVE ANNOUNCED TO THE CITIZENS THAT NOT ONLY ARE THEY ABLE TO COVER THE BUDGET AND AGREEMENTS BUT ALSO THEY WILL BE ABLE TO INVEST IN THE BONDS AT A GREAT RETURN — THIS ANNOUNCEMENT IS A HUGE ONE TO MAKE IN IRAQ RIGHT NOW IN THE ECONOMIC CONDITION THEY ARE IN. THIS REQUIRES THE MOVEMENT OF FUNDS TO EVEN BE POSSIBLE…I KNOW I AM EXCITED.
2-4-2016 Newshound Guru rcookie THE TARIFFS…RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO…AS WELL AS ALL LAND…AIR & SEA BORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTOMS TARIFF ACTIVATION…TARIFFS AT THE BORDER ARE PAID BY IMPORTERS BRINGING CONTRACTED GOODS INTO COUNTRY…AND COLLECTED BY CUSTOMS BORDER AGENTS….THOSE GOODS ARE THEN BROUGHT INTO RETAIL MARKET WHERE THE PRICES WILL REFLECT THEIR FAIR MARKET VALUE WITH INT’L EQUATION FACTORED IN…AND THEN REALIZED AT POS (POINT OF SALE) BY END CONSUMER…FINALLY A FAIR PLAYING FIELD FOR THE IRAQI PRODUCES…
2-4-2016 Newshound Guru firefly We are at a point now where agreements are going to be activated, no ifs or buts. Iraq has an obligation to get er done!
2-4-2016 Intel/Newshound Guru Poppy3 MY CONTACT INFORMED YESTERDAY A ABADI STAFF MEMBER SAID THEIR SECURITY ISSUES ARE NOT ISIS OR DAASH BUT INTERNAL CORRUPTION. SAID THEY ARE MAKING HEADWAY BUT SLOWER THAN ABADI WANTS. …ABADI WAS ADAMANT ABOUT COMPLETING THE REFORM THIS MONTH.
2-4-2016 RUMOR Guru Mnt Goat Update: Fighting ISIS: It is my opinion that the battle for Mosul will not be long. I base this statement on all the planning I see and my conversations with many of my friends now stationed in the area. I can see they plan to move this along as quickly as possible… I believe they are still planning within the end of Feb timeframe for completion of this campaign.
2-3-2016 Newshound Guru Millionday Report quote: “by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.” THIS IS HUGE AND VERY IMPORTANT AS IT WAS THE MEETING ABOUT ARTICLE 8 WITH THE IMF AND THE REQUIREMENTS. THE END OF THIS MONTH…WHOOOPOW.
2-3-2016 Newshound Guru Millionday I HAVE ONE MORE PART OF THOSE ORDERS: “…by end-February 2016, appoint international auditors to audit the latest financial statements of Rasheed Bank and Rafidain Bank according to international standards…” THIS IS FORMAL IMF DOCUMENT RELEASED BY IMF. NOTE — AGAIN — THE END OF FEB. THEY COMPLETED AUDIT SO THIS WILL BE JUST TO OPEN THESE BANKS AND COMPLETE THEIR REFORM ON THESE TWO BANKS.
2-3-2016 RUMOR Guru Bluwolf we are in a anytime this go situation…Seems that all is well both in Iran and Iraq, ships and airplanes coming in and out, so I guess there RV’S should be in by now…All banks now Gold and Silver standard, personal trained and should be expectedly ready. The rates on the dinar should be as in the original plan, I honestly do not believe it coming in the low 3 like some bank wants you to believe.
2-3-2016 Intel/Newshound Guru tman23 The opinion was that Iraq needed a stable government to revalue it’s currency… Sistani just called for the replacement of Abadi which only shows that the Supreme Leader has lost confidence in Abadi… A citizen uprise against the government is not favorable… The talk of not being able to meet salaries come April is not favorable… This is not to say that Abadi doesn’t have the plan in motion to revaluation…or the IMF for that fact…BUT Sistani has spoken and now they don’t have time to play or delay…That goes for both Abadi and the IMF if a revaluation is truely in the plans.
2-3-2016 Newshound Guru Enorrste Article: “The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks” First, it seems apparent to me that this new initiative is being driven by the IMF rather than by the CBI or the GOI. That being said, I foresee things moving at a somewhat faster pace here forward. Second, to the extent that the GOI/CBI/IMF require payrolls to be made electronically it is my opinion that people will fall in line quickly with the simplicity of an electronic system. Think about the US: we all used to use dollars (assuming you are over 60), but now we almost all use a debit card (at least I do). It was not a hard sell. In fact, the transition was painless.
2-3-2016 Newshound Guru Enorrste Therefore, if a local Iraqi has a choice between pulling his dinars out from under the mattress to go to the market or taking his debit card, I would vote for the debit card. In time, and I suspect in a short time, confidence in the banking system will increase and more and more hidden dinars will come to the surface (there is also the lure of buying gold coins). All dinars that are brought to the surface will be destroyed and Iraq will join the world economy, as the IMF has stated. It is an ambitious goal, but with the backing of the world’s bank, I am confident that it will succeed The alternative is not acceptable, either to us as investors or to the IMF.