Iraqi Dinar Guru opinions 4-7-16
Iraqi Dinar Guru opinions 4-7-16
4-7-2016 Newshound Guru mike […realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar? Even with it pegged versus a basket of currencies?] That’s a tough question… We all know that in order for a currency to have real value you need stability, security and a half way decent economy. Iraq doesn’t have very much of either right now. The next step would be to compare rates for those in the region and other oil producing countries, who’s currencies have lost value because of the price of oil. At this point, I couldn’t even guess what a “correction” to the dinar might be. [What we do know is a correction to the dinar sure ain’t 1182.] Agreed…
4-7-2016 Newshound Guru Stryker The IMF Staff continues their monitoring of progress under their Memorandum of Understanding and has stated that the government is doing its part on financial and economic reforms. Three out of the five items were achieved by the end of 2015 with other outlined reform measures will underway.
4-7-2016 RUMOR Guru Mnt Goat Article quote: “The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government…” …we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate. Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.
4-6-2016 RUMOR Guru Mnt Goat The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first. Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
4-6-2016 Newshound Guru Stryker It was posted today on the Arabic side of the CBI website but dated on the 4th of April, the announcement and Declaration of the Central Bank’s launch of National Bonds in Iraqi Dinars on behalf of the Minister of Finance and ending on April 14th. These will be in 5 categories: 100,000/250,000/500,000/1,000,000/5,000,000. Could these be Domestic Denominated Bonds? It sure looks that way but we will soon find out because it looks like they will be offered through the ISX!
4-6-2016 Newshound/Intel Guru BGG Article: “Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki First Published: 2016-04-06″ I was reading something of a vague attempt – brewing for a while now…all of this came to a boiling point on the 3rd – when the Supreme Court came down with a ruling that Abadi can do what he’s doing…the crooks are fighting like made to keep their status quo…
4-6-2016 Newshound Guru Islandg1211 Frank [Guru Frank26] and teams got this right: “Article 140 is effective because of the recent financial budget which granted it.” Go Budget! Go HCL! Go RV! Go April 2016!
4-6-2016 Newshound Guru Millionday Quote: “Presidency of the Kurdistan Regional Government Bachirvh form a special joint committee and the exchange of foreign currencies Baerakip.” SO AS WE SEE — BARZANI HAS FORMED A COMMITTEE IN — KURDISTAN — FOR THE — EXCHANGE PROCESS OF THE IRAQI DINAR…WHOOOPOW.