Iraqi Dinar Guru opinions 9-14-16
Iraqi Dinar Guru opinions 9-14-16
9-14-2016 Newshound Guru Breitling …There’s an article taking about de-pegging from the US dollar. Ok just pure math. We know the US dollar dominate about 70% of the world’s international trade. Just based on that math…do you think that it would be a good idea for Iraq to de-peg itself from the most powerful currency that’s ever existed on the face of the earth? Do you think that is a wise decision? Do you think the US treasury and US government setting up their currency…we’re the ones who got rid of their old currency and we’re the ones to help setup their new currency…do you think there is any room for that type of shenanigans? No there is not. I appreciate articles that come out but some of them are so obnoxious that they should be indicators all by themselves that the person who wrote that is completely off the wall. They are not going to de-peg from the US dollar. This is not opinion at all…the US dollar is getting stronger and stronger and stronger.
9-14-2016 Newshound Guru Islandg1211 The IMF met with the Gov of the CBI, Allak and the Finance Committee to assess Iraq’s progress to date in meeting their requirements. To review, the IMF required that Iraq did a number of things, including determining their 2016 and 2017 Budget, passing laws, banking reforms, and monetary reforms. The IMF stepped in last December with a LOI that covered the first half of 2016, then in May/June, the UST, WB, IMF, US and other nations combined in a coordinated plan for an umbrella plan for Iraq in which Iraq would get loans. The meeting last Friday was a review of progress of Iraq meeting the requirements. The IMF is completely taking control of the structure and conditions they expect their plan for Iraq to be implemented. The IMF does not want to lend money without Iraq doing what they need to do. That’s they message that came out of Friday’s meeting.
9-14-2016 Newshound Guru Islandg1211 So, how is Iraq doing implementing the IMF’s plan? The Finance Committee has been working with the CBI and the IMF to draft their 2017 Budget. The Finance Committee is saying that they want to submit the 2017 Budget to Parliament this month. The biggest issue with the Budget is setting the expected average price of oil per barrel. On Friday, the IMF set the price per barrel at $45.00 for 2017. There is progress being made in this area, namely that the 2017 Budget does cut spending, does reduce its reliance on oil, is being reviewed and set by the IMF, and is being drafted on time. That’s a lot of progress. Also of importance, is that IMF audit of the CBI’s foreign reserves found that they had an additionally $10 billion. So the IMF is pleased with the Budget and the foreign reserve level of the CBI. (Also the passing of the Amnesty Law and a few new technocrat Ministers was real progress the last couple of months.) The IMF will hold their next review meeting in October.
9-14-2016 Newshound Guru Islandg1211 The obvious biggest question is when is the IMF requiring the CBI to RV? Unfortunately, they don’t directly state that. They stated in their December 2015 LOI that they wanted Iraq to join the international community “by mid-year.” Their June LOI states that the IMF wants the CBI to cut out their Multiple Currency Practices and move to Article VIII compliance – which requires the RV – “by the end of the year.” The IMF is on top of exactly what Iraq is and is not getting done on time. That comes out through these articles on Friday’s meeting.
9-14-2016 RUMOR Guru Bruce Iraq…We know all the major bills and laws been finalized and entered in the Gazette and the gazette has been published. They have been actively using their lower denominations, key cards, received back pay back to January. Things are happening in Iraq. Moving right along. From an Iraqi perspective, the linchpin has been pulled that everything is ready to pull now. If there is an issue, it is not one we know of. The international exchange is up and running to all exchanges around the world. Everything is working directly with the new satellites and computers so all can be protected and work as a system as it should. The CIPS system is functioning beautifully…from a system point of view, banking point of view, everything is rolling along beautifully. It is just a matter of when it is our turn to plug into the system…We are in line for it. We are just waiting for the go signal. The rates on dinar and dong did go up a little bit. It could be tonight, tomorrow. It is that close. I am excited to tell you I am anticipating good news very soon…
9-14-2016 Newshound Guru Kaperoni Article: “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed” Quote: “…the central bank boosted bank balance Rafidain and Rasheed dollar in order to direct the sale of hard currency from the dollar to citizens traveling outside of Iraq.” I like how the CBI has these meetings with the IMF and when they come home, they usually do something right away. Clearly the IMF told them last weekend, raise the minimum at the banks.
9-13-2016 Intel Guru Frank26 …the IMF met with Iraq this past week…and they told them in order to receive any further loans…like for example the $650 million dollar loan that is waiting for them in November…they have to do two final things that they have not done…you have to finish the Financial Reform…before November…this is Iraq’s window…IOO. Allak is saying the very same thing…all is done…but the currency reform is not…it is the only thing that is left…and the IMF is demanding that they do this before November …the CBI and the IMF are now talking about these issues. The Rafadain and Rasheed Banks are now poised and set to make loans to citizens…and even to sell the American dollar to the citizens and…why…because the auctions will eventually disappear…because there were the requirements… among many that the IMF had for them…but they have not completed the Financial Reform.
9-13-2016 Intel Guru Frank26 …they must finish their Financial Reform…the CBI is giving you their step by steps…this information about the IMF and Iraq is HUGE. A long time ago the IMF told them…we are going to help you but you have to lift the 000’s…and in December of last year…they laid out the plan…and here we are seeing it unfold…would you not agree with me that they are international. IMF said look we will take you into the international theater by the middle of the year 2016…and they did..and now it is their turn IMO to finish the final obligation that the IMF demands of the GOI and CBI. …the conclusion of Fallujah has brought the Economic Reforms…it is the Financial Reform of the CBI that needs to be done now…the CBI…along with the GOI is about to follow these orders…IMO.
9-13-2016 Intel Guru Frank26 The government right now is actually gone…it is a certain type of holiday that is a continuation of Eid. Let’s look after the holiday…because they are looking at about a five day holiday for this Sacrifice Feast…after their Eid ended…and if you include these extra days…Friday, Saturday, Sunday…it is a total of about nine days that the GOI has to come back and communicate with the CBI…and determine if they are going to follow this last step…the CBI said they would lift the 000’s…and would be ready by 2017…but that was before this meeting with the IMF…the latest information we have from the CBI website in Arabic…Allak knows these steps…and under his watch he may get some very big credentials…if when they come back the CBI and the GOI decide to lift the value of their currency.
9-13-2016 Newshound Guru mike Article: “Immaturity” economically Iraq has been presented by international conditions , “most unfair” and Abadi demands as “bold stances” Quote: “…because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance.” The IMF is the last stop for these guys, if they don’t conform to what the IMF is requiring the money drys up and then the real problems are going to set in.
9-13-2016 Newshound Guru Kaperoni Article: “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed” Quote: “The Iraqi Central Bank announced on Tuesday (September 6), the processing bank Rafidain and Rasheed exchange of foreign currency to the dollar expansion of cash sales outlets to citizens via their branches in the capital Baghdad and the provinces.” More good news. They are following the IMF concerns and liberalizing the foreign exchange.
9-13-2016 Intel/Newshound Guru Backdoc LOTS OF INFO BUT MOST OF MY STUDIES ARE TOO SENSITIVE TO TALK ABOUT. WE ALL KNOW HOW IRAQ REDUCED ITS NOTE COUNT BY DOING THE CURRENCY AUCTIONS BY SELLING DOLLARS AND PULLING IN DINAR. THEY METHODICALLY DESTROYED THE PAPER THUS REDUCING THE NOTE COUNT! I LOVED SEEING THAT ARTICLE ON THE 7TH THAT STATED IRAQ HAD ENDED ITS INTERNATIONAL FINANCIAL MESSAGING SERVICE! YES A COMPLETION ON THE 7TH! OF COURSE THEY WERE BEING SNEAKY ON HOW THEY STATED IT BUT WE ALL KNOW THAT WAS THE SWIFT CODE RIGHT? RIGHT! THEY ARE NOW E-DINAR AS THEY SAID THEY WOULD BE! SO OBVIOUSLY THEY ARE NOW ON THE THE CIPS WHICH IS THE NEW DIGITAL PLATFORM WHICH CAN RUN BOTH!
9-13-2016 Intel/Newshound Guru Backdoc NOW WE WAIT FOR THE CONCLUSION AS WE SEE IT IN PROCESS! WITH THE BUDGET RIDER ACTIVATED AND LIKELY LAUNCHED ON THE 8TH WE SHOULD SEE FURTHER ACTIVITY BY THE 10 DAY WINDOW. THIS SEEMS TO ALIGN WITH THE IEX SCHEDULE WHICH SAYS TRADING WILL RESUME SOMETIME AFTER THE 15TH! IRAQ CAN WAIT TO PUBLISH THE BUDGET FOR AWHILE SO I’M PICKING NO DAYS HERE BUT WE ARE ENJOYING THE COMPLETION PROCESS AREN’T WE? OCTOBER USHERS IN THE NEW ASSET-BACKED DIGITAL NEW REALITY AND WE ARE MORE THAN READY! JUST ENJOY DAY BY DAY SEEING THE REAL TIME CONCLUSION PROCESS! YES ITS REAL! PINCH YOURSELF! IMO.
9-13-2016 Newshound Guru Mailman17 THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE. WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL. SHABS [DR. SHABIBIS] PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES. A 1-1 WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD. REMEMBER PHOSPHORUS? I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW. IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT. THEN I BELIEVE REFORMS WILL TAKE OFF ASAP. AND I HATE TO BRING UP HISTORY, BUT IRAQS FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST. SOMETIMES WHAT YOU SEE ISNT ALWAYS WHAT IT IS. IRAQ IS READY…ARE YOU? I KNOW I AM…AS ALWAYS JMHO.