Iraqi Dinar Guru opinions 6-24-16
Iraqi Dinar Guru opinions 6-24-16
6-24-2016 Newshound Guru rcookie Article: “Exchange Rates and External Adjustment Swiss National Bank, International Monetary Fund, and IMF Economic Review” Quote: “Zurich, June 24-25 2016 The Swiss National Bank (SNB), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on “Exchange Rates and External Adjustment”. A LITTLE ANNOUNCEMENT FROM IMF…ANNOUNCING THIS CONFERENCE…SO SWISS NATIONAL BANK AND IMF HAVING A LITTLE POW WOW IN ZURICH ABOUT EXCHANGE RATES AND EXTERNAL ADJUSTMENTS…HAS A LOT TO DO WITH PPP…PURCHASING PRICE PARITY…ETC…AND THAT STARTS FRIDAY. [I think Iraqs is out of whack with their comparables.] THEY ABSOLUTELY ARE WHICH IS WHY AT EVERY POSSIBLE OPPORTUNITY THE ECONOMISTS OVERSTATE THE IMPORTANCE OF VALUATION AT PAR OR BETTER THAN REGIONAL ACTORS …ESPECIALLY BORDER PARTNERS AND TRADE PARTNERS OVERALL… [Wikipedia – The purchasing power parity…PPP exchange rates…can be useful for making comparisons between countries…]
6-24-2016 Newshound Guru rcookie Article: “BAGHDAD SECRETARIAT CONFIRMS THEIR SUCCESS IN ATTRACTING INTERNATIONAL COMPANIES TO IMPLEMENT INVEST PROJECTS IN IRAQS CAPITAL…” SO FROM PLANNING AND PREPARATION TO OPERATIONAL ACTIVATION…THEY OUTLINE SOME OF THE PROJECTS AS 5 STORY MALL WHICH WILL INCLUDE SHOPS… RESTAURANTS…WEDDING FACILITIES…WITH 44 ACRES IN ADDITION TO SHOPPING MALL RECREATION CENTER WITH SWIMMING POOLS…SCHOOLS… AND RESIDENTIAL HOUSING FTO ACCOMMODATE 336 HOUSING UNITS…JUST 1 OF MANY INDICATIONS OF PRIVATE SECTOR AND INTERNATIONAL COMPANIES ENGAGING EARLY IN IRAQS ENTRANCE TO GLOBAL ECONOMY. THEY ARE NO LONGER FIXIN TO ATTRACT INT’L COMPANIES…IN INK THEY ARE FULL ON GETTING IT DONE!
6-24-2016 Intel Guru SteveI …our investment…is approaching the final stages of completion.
6-23-2016 Newshound Guru tlm724 Article quote: “… the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money?” the key here is an advanced banking environment… I said it years ago and I stand by what I said, we won’t see any substantial increase UNTIL the electronic system of oversight is in place…if they increase the dinar now billions will go out the backdoor! They MUST have accountability in place…as the governor said of the advanced banking environment, “you will see the results during the year”…*hallelujah*
6-23-2016 Newshound Guru wmawhite The value of the IQD outside of Iraq (which is the exchange rate/value) has no impact on what Iraq receives from importers who pay the tariffs. Also, if you are Ahmed and you are to pay 1,000 IQD tax for whatever, the exchange rate/value of the IQD to the Euro or the GBP or USD has no effect upon ahmed’s tax because inside Iraq a IQD will always be equal to a IQD. Let me try to explain this a little better. If you are importing into Iraq rice, for example, and you owe me, the Minister of Finance, 1 Billion IQD on what you are importing, I don’t care what the exchange rate/value is of the IQD. You as the importer don’t care either. All that I am concerned about is that you sent the equivalent value of what the tariff is. I, the Minister of Finance, just wants the tariff paid. You the importer can pay it in gold, silver, Euro, GBP, USD, IQD, etc. Just pay the tariff.
6-23-2016 Newshound Guru rcookie THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW… Article: “Baghdad confirmed its success in attracting international companies to implement investment projects…” GUESS THERES NO NEED FOR SPECULATION ON WHETHER INTERNATIONAL COMPANIES ARE CUED UP TO DO PRIVATE SECTOR BUSINESS IN IRAQ…
6-23-2016 Newshound Guru Aggiedad77 Article quote: “…Mohammed Saleh, said that the end of this month, will see the Executive Board of the International Monetary Fund endorsement of the granting of financial loans to Iraq agreement…” Saleh is no clown and he would not go out on a limb stating things that he did not feel are shaky…He is a facts and figures guy and presents them in a way they don’t lie…conditions of the loan…cutting spending… increase non-oil revenues…pay the oil companies…things they are working with diligence to accomplish… green lights here Abadi and IMF…let ‘er rip…The government approved the MOU from the IMF two weeks ago…so watch now for the meeting of the IMF Exec Board who will give the final approval for this loan process…maybe this loan approval by the Exec Board and the big announcement about Mosul…maybe they will be timed to be simultaneous events…
6-23-2016 Newshound Guru tlm724 Article quote: “…central bank adviser said Walid Idi, the central bank has more than $ 50 billion in reserve as well as gold, pointing out that this reserve covers imports over the period prescribed internationally recognized..” Geared up and ready to roll out the International carpet!
6-23-2016 Newshound Guru Shredd Article quote: “Governor “Yes, it is unfortunate that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work…” this is their pilot phase and a pilot happens right before a go-live implementation, really good to see this all fitting together.