Iraqi Dinar Guru opinions 5-22-16
Iraqi Dinar Guru opinions 5-22-16
5-22-2016 Newshound Guru wmawhite Quote: “Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.” issuing bonds to global markets. Folks…this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch? “Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data…With dual headquarters in London and New York, Fitch Group is majority owned by Hearst…” On those bonds…having them backed by other countries makes them a sure thing…6% to 8% on multiple millions is sweet. IMO…the gears on this thing are a turning…all of this activity will be a change in the status of the IQD.
5-22-2016 Newshound Guru wmawhite All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets …and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it’s banks…IMO, there has been a change in the status of Iraq within the international financial community…and why do I state this? Because…articles are talking about it…
5-22-2016 Newshound Guru Kaperoni I guess time will tell. In a few weeks or so we should see the IMF SBA published that will contain the details of the agreement. That will provide another piece of the puzzle and much more clarity to the plan for the financial system over the next 12 months or so.
5-22-2016 Newshound Guru rcookie …JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED…THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION…IT WAS AND IS 100% EXECUTING…IT IS IN THE EXISTING 2016 BUDGET…AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV’T…AND THE 2016 BUDGET IS 100% EXECUTABLE…WITH EXCEPTION!!
5-21-2016 Newshound Guru mike Article: “Fitch: Iraq’s agreement with the IMF will enable it to issue an international bond” …The only silver lining I can see is the IMF’s direct involvement in the Finance and Integrity departments, if Iraq can’t get their act together, the IMF will try and do it for them. But to effectively do that, they need the judicial branch to step up and prosecute those who are accused. Hopefully Mahmood is on his way out, it’s hard to imagine any real prosecution and conviction for these guys until he’s gone. Time will tell, right? Your move, Abadi.
5-21-2016 Newshound Guru BGG …if the Kurds and Baghdad are so on the “outs” – why did the CBI just agree to open a CBI (a branch of the Iraq CBI) in Kurdistan?
5-21-2016 Newshound Guru wmawhite …the IMF is not keeping secrets…they told the world and told the G-7 countries that they can conduct business with Iraq (CBI and it’s banks) “with confidence”! If Iraq is going to do just what the IMF said the world can do…then, the question is…is it international? Here is a hint: The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Would that be international business?
5-21-2016 Newshound Guru rcookie Article: “Abadi adviser reveal the terms of the IMF to lend to Iraq” Quote: “…financial advisor to the Prime Minister revealed the appearance of Mohammed Saleh, on the conditions of the International Monetary Fund for lending to Iraq nearly $ 5.5 billion…” THIS IS PART OF THE REASON THE IMF IS REQUIRING A REVISION AND REWRITE OF THE 2016 BUDGET LAW…THEY WILL INCORPORATE THE LOAN PAYMENTS AND BE MADE ACCOUNTABLE IN THE BUDGET… THE IMF MAINTAINS CONTROL OVER INTEGRITY & OFFICE OF FINANCIAL SUPERVISION AND AML ACTIVITIES OF FINANCIAL TRANSACTIONS…BIG BROTHER WATCHING…AND SAYING…”AH NO…YOU WONT BE DOING THAT WITH THIS MONEY”…
5-21-2016 Newshound Guru tlm724 Article: “…Called on Prime Minister Haider al – Abadi, on Thursday, the World Bank to support the private sector in the country…” Quote: “Iraq ‘s stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector…” remember one of the requirements set by the IMF was private sector development…so between now and the end of July, if not sooner we should see a huge shift in how the economy functions, we might even see it running like a well oiled machine AND when we do we should see the stability needed to push the currency reform forward IMO. Basically they agreed to loan Iraq the money BUT not until August, giving Iraq June and July to set the economic policy straight. so we have the IMF overseeing the economic state of affairs and the World Bank overseeing development, ya gotta love a plan when it comes together! …and Iraq NEEDS this money, have no doubt, which is a huge kick in the azz to get them moving.