Iraqi Dinar Guru opinions 5-29-16
Iraqi Dinar Guru opinions 5-29-16
5-29-2016 Intel/Newshound Guru Poppy3 ABADI ANNOUNCED OVER A YEAR AGO SEVERAL TIMES SECURITY WOULD NOT INTERFERE WITH THE FINANCIAL REFORM AND HE HAS HONORED THOSE WORDS AS REFORM HAS CONTINUED IN SPITE OF SECURITY, POLITICS ETC ETC.
5-29-2016 Newshound Guru rcookie Article: “The central bank stopped 300 companies transform financial and banking deal” US COMMISSION & PANEL OF FINANCIAL INTELLIGENCE ARRIVE IN BAGHDAD AND SET UP SHOP IN US EMBASSY FOR PURPOSE OF COORDINATION WITH CBI…HAVE STOPPED 300 FINANCIAL & BANKING TRANSFER COMPANIES UNDER REVIEW FROM CBI THROUGH WEEKLY REPORTS UNDER SUSPICION OF SMUGGLING & MONEY LAUNDERING…AND FRAUD…ON WEDNESDAY ALAK INFORMED BANKING & FINANCIAL SECTOR THAT CBI POLICY HAS CHANGED AND NOW WORKING WITH 10 BANKS ONLY IN IRAQI MARKET AND ADOPTING CLASSIFICATION DEGREES OF THEM BY CBI…AUCTIONS BEING HANDLED BY 10 BANKS ONLY… WOW! THAT IS INSANE… IT IS OBVIOUS THAT ALAK HAS NO CHOICE…THE QUESTION IS…TIMING…WHY NOW.
5-29-2016 Newshound Guru Chattels All eyes on Fallujah is likely a healthy distraction from the political crisis in the government. The religious leaders are emphasizing the battle for Fallujah in sermons…in Iraq…All of which gives Abadi and Co. needed breathing room and a “boost” in their public persona at least in the eyes of the populace.
5-29-2016 Newshound Guru wmawhite IMO…as the IMF, MoF and CBI agreed to…”to move away from the MCPs” [Multi Currency Practice] …the only way for that to happen is to reduce the auction to an absolute minimum…and…in order to reduce the flow of USD into the local market is to instruct the Iraqi banks to start paying/settling the foreign remittances in IQD. …I read on the IMF site and the exchange of foreign currencies are to reside within the local banks…not at the CBI as the auctions are currently…think about it…we know as fact, that back in December 2015…the IMF, CBI and Mof agreed to move away from the MCPs…which are a result of the auctions. We see more effort to clean up the corruption at a lot of these banks. And why? why now? Because…IMO…the bulk of the foreign exchange activities will reside in the local banks…not at the CBI…in the near future. IMO…there will always be a need for some form of the auctions…however, they will be greatly reduced…BUT, can not reduce them until the CBI gives the green light to the banks to start paying those foreign bills (foreign remittances) in IQD.
5-28-2016 Intel/Newshound Guru Backdoc WITH THE CBI PUTTING A STOP TO THE CORRUPTION ALL THE INTERNAL REASONS FOR A WEAK DINAR HAVE JUST EVAPORATED!
5-28-2016 Intel/Newshound Guru Poppy3 I STILL THINK ANYTIME DURING JUNE…PREPARATION HAS ALL BEEN SO THEY CAN MEET THE DEADLINE ISSUED BY THE WORLD BANK AND IMF. JUNE IS HERE NEXT WEEK GET READY…MOST OF US THAT HAVE STUDIED AND WATCHED THEM FOR 12 AND MORE YEARS KNOW THEY SAID BEFORE THAT DATE. THATS WHY I EXPECT IT ANYTIME DURING THE MONTH.
5-28-2016 Intel/Newshound Guru Backdoc FRANKIE [Guru FRANK26] AND HIS TEAMS ARE WATCHING FOR FLAGS TO BE RAISED IN MOSUL FOR SURE. HERE WE ARE ON A LONG HOLIDAY WEEKEND IN THE STATES AND WE SEE ACTION! “ACTIONS MEAN THINGS”. MY TAKE ON MOSUL IS A POLITICAL DRAMA BETWEEN THE SUNNI / SHITE/ KURD TRIBES AND WHO WILL BE RESPONSIBLE FOR SECURITY UNDER THE NATIONAL GUARD LAW! OF COURSE IT ALSO TIES IN WITH HCL BECAUSE OF FUNDING FOR THOSE FORCES AS WELL!
5-28-2016 Intel/Newshound Guru Backdoc NOW, SINCE THE REST OF THE GCR SEEMS TO BE ON CRUISE CONTROL FOR MID YEAR, I WOULD THINK SINCE ITS ALL ABOUT IRAQ, AND IT’S NOT ABOUT IRAQ THEY BETTER SEND IN THEIR BEST WIDE RECEIVER TO CATCH THE BALL IN THE END ZONE FOR THE TOUCH DOWN! MR. KEYWORD (DR. S.) MIGHT HAVE SENT IN A PLAY BECAUSE WE HAVE ACTION FOLKS! WITH THE KURDS BEING SENT IN FOR THE PLAY ON THIS PARTICULAR WEEKEND…COME ON KEYWORD, CALL A POST ROUTE INTO THE MOSUL END ZONE AND MAYBE IT WILL BE CAUGHT! GIVE ME A “H”, GIVE ME A “C”, GIVE ME A “L”…WHAT’S IT SPELL? THE NEW GLOBAL RESERVE CURRENCY (SDR).
5-28-2016 Newshound Guru wmawhite Folks…this is GREAT! “Official: Iraq seeks to open up banking cooperation at the Arab and international levels” this says it all! “general manager of the Rafidain Bank spokesman Kamal al-Hassani said: keep pace with the achievements reached by the developed world in the banking systems, he has been putting the finishing touches to complete the project activate MasterCard service, in coordination with the company’s global card…” We are at that point in time that we are looking when an Iraqi can use his/her credit card drawn on his/her bank in Iraq and buy that food at some store anywhere in the world.
5-28-2016 Newshound Guru wmawhite [“anywhere in the World” wouldn’t the rate have to be international?] 1182 is international…except the CBI says no, no, no…we are not ready to…have our banks settle foreign remittances at that rate. In other words…there are banks outside of Iraq that buy and sell the IQD…what banks do not do yet…is exchange their currency with the IQD because the CBI has not taken that step yet. We wait for the decision by the CBI to inform the banks of Iraq to settle foreign remittances in the IQD. We can also believe that when that time comes, the CBI [will] inform the other central banks around the globe what the exchange rate will be with their currencies.