Iraqi Dinar Guru opinions 3-13-16
Iraqi Dinar Guru opinions 3-13-16
3-13-2016 Intel Guru Delta THE CBI JUST ADDED IN THE ARABIC SIDE UNDER CURRENCY PAGE: The Foreign Account Tax Compliance Act (FATCA). CAN YOU TELL ME FAMILY WHY THIS NEWS IS HUGE FOR OUR INVESTMENT? Intel Guru Frank26: Can I answer the question DELTA? Many in the past have asked me when purchasing Foreign Currency… Why is it that the UST wants a copy of their ID? I say to them…For a good reason. Our government wants You to pay all Your taxes to them.
3-13-2016 Newshound Guru wmawhite They are at the end of this while two things continue to be done…the government continues to operate and to do so they need to raise revenue and bonds do that…and the CBI will continue to monitor the note count as they transition away from the MCPs. Iraq has already traveled great distances…they have brought their financial institutions from the ‘stone age” into the 21 century. …the Technical Letter of Intent between the IMF, the Minister of Finance and the governor of the CBI…is as close to a “game plan” as anything I have read. It takes you along the way. …the IMF has told us exactly what Iraq will do and they gave us a time frame too. The Technical Letter of Intent has laid out exactly what is and has to happened and did not say a thing about Mosul…wonder why, because this is an electronic event that will occur outside of Iraq.
3-13-2016 Newshound Guru rcookie THE BONDS NEXT WEEK…ARE FURTHER INCREDIBLE EVIDENCE OF THE BUDGET IN FULL EXECUTION…AND THE GOV’T ACTION TO EDUCATE & ENGAGE THE PUBLIC TO THE BANKING SECTOR. THE BOND PROGRAM IS COMPLETELY OUTLINED AND ACCOUNTABLE WITHIN THE 2016 BUDGET…AS A DEFICIT BRIDGING MECHANISM ALONG WITH THE OTHER BONDS…AND INTERNAL/EXTERNAL LOANS…WB/IMF/JAPAN/ARAB BANK ETC… [But we are close, right?] YES.
3-13-20126 Newshound Guru Adam Montana …it would behoove them to come out with a low RV when their oil is higher, because it would increase their profit by the same factor…to put it simply, if they RV at .10 when oil is 3X higher than now, then they make at least 3X. If you could trade 1 bar of gold for $500 today, but if you wait a month you know you will get $1500… wouldn’t you wait a month? I would.
3-12-2016 Newshound Guru Adam Montana [Why is so important just for the oil price to go up when Iraq is so rich in natural resources and not to forget agriculture?] I’m going to try not to over-complicate it, because it really is a simple matter. You are correct, Iraq is indeed blessed with much natural resources, agriculture, and more! But in spite of that, there is still a finite amount of oil beneath the surface, and if they are to get the most out of their efforts and have the best chances of RVing and sustaining a higher rate, their income from oil sales has a direct impact on that. Therefore, higher price of oil = better for CBI.
3-12-2016 Newshound Guru Kaperoni Parliament has not been in session for about a week, with no new dates scheduled yet. It is frustrating for sure that they just seem to not care. Would be nice to see them get in a session and begin to pass some of these laws (like the banking insurance law) that are needed to encourage investment. This is exactly why it is impossible to put a time frame on these reforms, because there seems to be no sense of urgency. So we wait. Sadr seems to be our only ally now which is pretty scary.
3-12-2016 Intel/Newshound Guru tman23 …PM Haider al-Abadi has recently delivered a letter to Iraqi political factions, asking them to suggest their candidates within one week (by next Wednesday) as he is planning to re-form the cabinet sooner than planned.