Iraqi Dinar Guru opinions 7-21-16
Iraqi Dinar Guru opinions 7-21-16
7-21-2016 Newshound Guru Islandg1211 WHY DID WE NOT SEE THE RV “BY MID-YEAR”? NONE OF THE REFORMS that had been planned got done in the first half of the year. PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS. THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT. I’m still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN. A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries’ aid, Private sector loans, Bond sales, Deferred Paris Debt. ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED. …the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV…
7-21-2016 Newshound Guru Islandg1211 …while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE – the SBA/Marshall Plan, and for liberating Mosul. IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE… When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year. THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT “AS A FIRST STEP” THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well.
7-21-2016 Newshound Guru Millionday WE HAVE AN IRAQI BANKING MEETING ON THE 23RD AND ALSO HAVE THE US ALONG WITH MANY OTHERS — BUILDING A POLICING FORCE FOR IRAQ — ALL GREAT ACTION AND NEEDED…WE WILL WATCH ISX CLOSELY ALONG WITH CBI ETC…PARLIAMENT IS MEETING ALL WEEK…LOTS OF GREAT NEWS OUT.
7-21-2016 Newshound Guru Adam Montana As of today, we do not have an RV. I believe that’s because we don’t have an HCL, but this isn’t an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through… it’s just not happening as fast as we want. Since we can’t control the HCL, or the rate of the IQD for that matter, let’s focus for a minute on something that we CAN explain… “Who, or what, exactly, controls the rate of the IQD?” In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let’s break this down, and we will all walk away better educated!
7-21-2016 Newshound Guru Adam Montana When it comes time to RV, Iraq itself isn’t even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will “push the button”, nor will Shabibi or the IMF. In fact…an article earlier…shows exactly how little the IMF has to do with anything… they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI – Central Bank of Iraq. And the reason why is extremely simple – because THEY are the ones that regulate and operate the auctions, which is where the rate is set. That’s it. End of story.
7-21-2016 Newshound Guru Adam Montana Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about – they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do… the CBI is the only thing that can change the rate. That’s where we are…Final thought….GO HCL!
7-20-2016 Newshound Guru Kaperoni Article: “Exchange rate and disinformation” Quote: “Mohammed Sharif Abu Mayssam…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…” This guy hit the nail on the head..that the dinar cannot rise in value at this time and you cannot randomly increase the value just because the CBI has large reserves. That until the banking system is open to the world, and the economy is diversified, they cannot raise the value. Again, the good news is the plan is to raise the value. The bad news is that raising the value is part of a set of moves that need to be coordinated at the right time as part of the transition or activation of a market economy. It will come, we just need to be patient so they can get in compliance, pass the laws, stability, etc. in place.
7-20-2016 Newshound rcookie SADR THREATENING MASS DEMONSTRATIONS THIS WEEK AND NEXT WEEK…ABADI REPLIES THAT ANY ARMED DEMONSTRATORS WILL BE TREATED AS TERRORISTS BY SPECIAL SECURITY FORCES…
7-20-2016 Newshound Guru Aggiedad77 Article: “Prime Minister Haider al-Abadi will be presented during next week’s seven new ministers in the cabinet his booth” …incredible timing…what I find as interesting is this move goes from six ministers resigning…to him replacing seven ministers now…get 7 for the price of 6…not a bad deal…Abadi he’s a shrewd PM…trustworthy but shrewd…these guys will be instrumental in the coming reforms…this is good stuff…really good stuff…more to come too I’m sure…oh and…keep an eye out for Boeing talking to Iraq.
7-20-2016 Newshond Guru Bondlady Article: “Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah” Article quote: “Al-Maliki said that “the alliance between the Kurdish movement of change and the Patriotic Union of Kurdistan is a positive step worth blessed and support” …both sides will HAVE to make concessions on the HCL and art 140, gotta amend the Constitution… after 8 years its time Iraq wins, not just a certain block…believe it or not Talibani an Maliki can make this work now…