Iraqi Dinar Guru opinions 5-24-16

Iraqi Dinar Guru opinions 5-24-16

Iraqi Dinar Guru opinions-predictions5-24-2016 Intel Guru Frank26 They got a LOAN! IMO — This loan is the equivalent of Article 8…What is the definition of Article 8? The completion of their financial reform. The only way they could qualify for the loan is to do the financial reform… They got the loan…a shadow of what they needed to do. All of this to establish a CREDIT RATING. They DO NOT need the money…They DO NOT need the loan…They have more assets up their “wazzoo” then you’ll ever know. They needed the credit rating…and they got it…and in return they got a little “chump change”. 15 Billion does nothing for them…but establishes a credit rating for them…for the INTERNATIONAL world! Better credit rating = INTERNATIONAL BONDS = INTERNATIONAL RATE.

5-24-2016 Newshound Guru Frank26 The Jordan/Amman meeting…they agreed in principle…(with conditions)…before they could get the loan…so the IMF could then turn it over to the Board of Directors of the IMF. They had to complete the list for the monetary reform. Iraq knows that they WILL NOT get the loan unless they complete the list for the monetary reform. All of that info is on the ARABIC side of the CBI website. The instructions are all there…and they are implementing them! So Iraq is moving pretty fast… I don’t think it we’ll see it this month…but we don’t think they’re going to wait until July either. I believe that Iraq is ready. The timing is right for them to raise the value/exchange rate.

5-24-2016 Intel/Newshound Guru tman23 We see that Kurd region banks have now adjusted their rate to 131,000 IQD per 100 usd…was 128,000 to 100 usd… What we knew was the CBI intentions were to hold at 1305… …explaining what it means…Just take it as the KRG region is now exactly what the rest of Iraq is…which means all the banks are on CBI protocols.

5-24-2016 Newshound Guru Chattels Article quote: “The extension of legislative term came into effect since last week, and there is legislation files must legislature accomplish passed quickly within the current chapter.” I have speculated that the extension of the legislative term will be only until the Ramadan recess ( June 5 ). My belief is that the “current chapter” of Parliament will end on or about June 1.

5-24-2016 Newshound Guru rcookie Articles: “The start of the meeting of the Presidency of the Council of Representatives on Tuesday with the heads of the blocs, but without the presence of Kurdish deputies.” “Kurdistan Alliance: MPs, ministers will not return to Baghdad until after the implementation of the “benefits”…” Kurds were absent from attending parliament sessions. Abadi meet with 9 ministers only! KURDS RETURNING TO BAGHDAD WHEN CHECK IS IN THEIR HANDS AND INK IS DRY….

5-24-2016 Newshound Guru mike …Somebody asked me once, “how do you eat an elephant?” I had a couple smart aleck answers but his reply was, “one bite at a time.” For me, that’s where the IMF is at with the Iraqi’s, one step at a time. We’re entering the sixth month of 2016 and Iraq’s finances are unraveling on a daily basis. Now that oil has dropped and stayed at such a low level, they’re stuck. If the IMF can clamp down on corruption, implement income taxes and get Iraq on the straight and narrow, it’s worth $5 billion to them. Heck, half of that money Iraq has already contributed to the IMF fund, sure there’s risk but with oversight, it diminishes. These guys are still driving the car with no oil in it, at some point it has to dawn on them that change is needed, not for profit, but for survival. Oil is a commodity and they acted like they could ignore basic market principles and the open market economy and it’s backfired in a big way. Those days are over, they need long term solutions. IMO.

5-23-2016 Newshound Guru wmawhite Folks…you can take your “countdown clocks” for the end of June and throw them in the trash. [why because it will happen before then?] The “it” to me has always been what the IMF stated last year…”that Iraq WILL enter into the economy market during the first half of next (2016) year.” The “it” has been happening and IMO, with this agreement and the statement the IMF made…Iraq has walked through that door and has entered the economy market.

5-23-2016 Newshound Guru wmawhite Quote: “…assumed that this loan helps to strengthen the credit worthiness of Iraq, and raise the credit rating, the building “umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq ” The Group of Seven (G7) is an informal bloc of industrialized democracies–the United States, Canada France, Germany, Italy, Japan, and the United Kingdom… first of all…IMO…they have entered (past tense)…done, they are in it, they are negotiating with the G7. second, IMO, a change in the status of the IQD will be a result of this action. And why do I say this? Because Iraq has told us this very information.

5-23-2016 Newshound Guru Kaperoni Article: “Iraq News Network,” published the terms of the International Monetary Fund in return for granting the loan for Iraq” …parliament has to approve the SBA from the IMF and the IMF board has to approve the SBA in order for this to go forward. Nothing is a done deal yet. Since it is so important financially to Iraq, I would expect to see it on the parliament agenda soon. …5 billion is not a solution for Iraq…its a temp fix and short term at best. Iraq needs changes and fast or the hole will get deep and bigger than ever. They need alternative sources of revenue, a banking system and currency reform to go along with increased output of oil and oil products to dig themselves out of this situation.

5-23-2016 Newshound Guru Chattels Market price on the dinar at the CBI is now 1290.

5-23-2016 Newshound Guru Chattels Article quote: “An informed source said the heads of political blocs, which held a meeting this evening agreed to invite the House of Representatives to convene parliament on Wednesday or Thursday next.” They have agreed to convene Parliament on Wednesday/Thursday… Quote: “MP said the coalition of Kurdish blocs that our return to the House of Representatives is not the problem but the basic mentality, which leads the country” …head of the Patriotic Union of Kurdistan Bloc announced that the bloc deputies will attend the next session of parliament. It is encouraging that the Kurds appear to be intent upon being in attendance.

5-23-2016 Newshound Guru Kaperoni Article: “Gulf states moving to a basket of currencies save the economy!” This plan surely effects more than just Iraq. I don’t see a basket for Iraq, at least initially. They can always add currencies and create a basket later once the dinar has a reached an exchange rate more on par with the dollar (and set by market forces).

5-23-2016 Newshound Guru rcookie …IMO NOW WITH ALL THE INFRASTRUCTURE MECHANISMS IN PLACE…INCLUDING IAS & IFRS…THEIR GLOBAL OPENING & ACCESS CAN NOT HAPPEN AT CURRENT ARTIFICIALLY SUPPRESSED RATE…

5-23-2016 Newshound Guru Aggiedad77 Siamese twins [Iraq and Iran]…what one does the other duplicates…where one goes the other is there as well…and the big point is…we will be there at the finish line with them…life is good…and…the BEST is yet to come…count on it.

5-23-2016 Newshound Guru Mountainman Article quote: “The Iraqi government has allocated $ 65 million from the World Bank loan of 350 million dollars” A
{L O A N}…Is ONLY given for A PURPOSE and an EXPECTATION…for this and the WORLD BANK to give Such A “LOAN” is A HUGE NEON Sign to IRAQ’S INTERNATIONAL STATUS…

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