Iraqi Dinar Guru opinions 5-31-16
Iraqi Dinar Guru opinions 5-31-16
5-31-2016 Newshound Guru tlm724 Article quote: “…the arrangements made by Iraq with the International Monetary Fund represents a prelude to Moisrh the international community for Iraq and take it out of financial distress…” This just solidifies all the evidence we have seen indicating that the IMF has taken control and will lead Iraq to the promised land of a free market economy and international status including and not limited to full membership in the WTO and a recognized dinar that will trade freely. All these things are an established economic plan used by many emerging economies! Our ship is coming in…and the IMF is indeed at the helm!
5-31-2016 Newshound Guru rcookie THEY HAVE BEEN WORKING WITH WORLD BANK SINCE 2008 TO RESTRUCTURE & PRIVATIZE THE SOB’S…AND THE BANKING REFORM IN LAST YEAR HAS BEEN AT BEYOND WARP SPEED… THE US PANEL IS IN BAGHDAD SETTING UP SHOP AT US EMBASSY TO OVERSEE CBI IMPLEMENTATION OF AUCTIONS GOING FORWARD…IT IS COMMON KNOWLEDGE AS TO WHY IT HAS FAILED AND IRAQ HAS HAD ADEQUATE TIME TO REMEDY///THE US IS TAKING OVER… I AM NOT CONCERNED WHATSOEVER AS THE NEWS REFLECTS INCENTIVIZATION AND PATH FOR IRAQ TO ACHIEVE ECONOMIC & FINANCIAL REFORM…
5-31-2016 Newshound/Intel Guru BGG [What do you feel is the key or keys remaining?] that is a good question – however, with the timing of the recent support, IMF/WB oversite…their insistence on some level of control…and the aggressive movement against ISIS from every direction…things are absolutely moving in a very good direction for Iraq…and as a side note…Abadi has the support of the Kurds, Sadr, the US and the IMF/WB (aka – BIG MONEY)…that is a pretty powerful (and unlikely) alliance he has cobbled together. …they button some of this stuff up – POST HASTE and we will see a giant leap forward in Iraq’s financial system…it’s all pointing that direction…
5-31-2016 Newshound Guru Kaperoni Article: “Release of funds for the displaced through smart cards next week” Quote: “the Ministry of Finance promised to secure finance financial grant for the disbursement of the next week and distributed to displaced families exporting them to the smart card” […they don’t even have consistent electricity in many parts of Iraq, so it seems as though use of the cards would be problematic.] Though electricity remains an issues in many parts of Iraq, merchant card readers are rechargeable/battery operated.
5-30-2016 Intel/Newshound Guru tman23 …Shaways was on Kurd TV speaking in interview and said Abadi has agreed to pay Kurdistan for 2014, 2015, and 2016…This coming July…So to put it in a nutshell…Abadi has the power and certainly expecting to have the money…otherwise HE WOULD NOT MAKE THE COMMITMENT…IT WOULD BE THE BIGGEST MISTAKE IF HE BROKE ANOTHER AGREEMENT.
5-30-2016 Newshound/Intel Guru BGG Article: “Kurdish blocs announced their support for his reformist Ebadi” So the Kurds are announcing (telegraphing) relatively broad-based support for Abadi’s reform project…This is interesting in light of the fairly severe splitting of the National Alliance and crumbling of Maliki’s support base…and the mostly ineffective political attacks his crooked bunch carried out in Parliament lately…they are doing everything they can to slow walk things…surprise surprise. Sadr is backing Abadi… (that’s about 4 Million protestors over the last several weeks)…it’s like having 2nd Amendment protection – but made up of human bodies. The Kurds are backing Abadi – (as per today’s PR releases)… This is all very good news.
5-30-2016 Newshound Guru Kaperoni Iraq dropped the ball big time. They had a window of time from about 2010-2013 in which under Article XIV, they were meeting the guidelines the IMF requested and at the same time, profits were high due to high oil prices, etc. Unfortunately, Iraq chose to steal as much money as they could during that time, than do what was right. Now, the conditions have changed, oil prices are 50% or more less than that period, revenue is less, Iraq cannot meet its payroll, or other investment obligations…as a result everyone is complaining that the auctions, the peg, etc. no longer works…which is true,,especially if they ever wanted to get the dinar out convertible/tradable on a global scale.
5-30-2016 Newshound Guru Kaperoni So now Iraq is in a quagmire. They are being forced to make changes with monetary policy…changes that will benefit us as investors. The plan calls for ending the auctions (they must have an alternative if they do that such as float), getting off the peg, moving from Article XIV under the IMF to VIII when the conditions allow it. But they key for any of this to succeed is the Iraqi politicians to create the right economic atmosphere so the plan will succeed…which seems to be the biggest question…if they can.
5-30-2016 Newshound Guru tlm724 here it is in a nutshell, the CBI spent most of their efforts in making money off the auctions period! Sure they put in a few regulations here and there, increasing the required liquidity of the banks etc… but they sure didn’t do more than that in the recent past during Alak’s time. We have not seen much action from the CBI to do it’s part for the advancement of the free market economy! Now today I do see where things are shifting for the better. There are laws that need to be passed to insure a smooth transition from a rentier economy and since it appears the IMF has set conditions to bailing Iraq out this is the best shot they have at making things right!
5-30-2016 Newshound Guru wmawhite Article quote: “Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory.” Folks…this is another example…or you can say, evidence, that Iraq (CBI, GOI) has entered the global economy market. what other IMF standard/condition is mandatory? Hello…Article 8…? And then earlier in the week that AGAIN the IMF states that the G-7 will now approach Iraq to engage in financial agreements…if the G-7 is now approaching Iraq…it is very sensible to think that Iraq has entered the markets. The IMF made a statement about what Iraq will do, and they have accomplished that. It is logical to follow what else Iraq has stated they will do monetarily and that is to add value to the IQD.
5-30-2016 Newshound Guru rcookie PARLIAMENT WILL VOTE ON EXTENDING LEGISLATIVE TERM FOR 1 MONTH…PARLIAMENT MET WITH 167 DEPUTIES…AND ABADI IN ATTENDANCE…