Iraqi Dinar Guru opinions 9-17-16
Iraqi Dinar Guru opinions 9-17-16
9-17-2016 Intel Guru Frank26 [Have Iraq banks completed request by the CBI to electronically comply by September…?] …yes IMO…yes the banks of Iraq are set to make loans to citizens…to give out credit cards…to open up accounts…to help investors that are going to be coming in…electronically they are advanced…yes they are ready…but it is useless…it is all useless until they raise the value of their currency.
9-17-2016 Newshound Guru mike [ I often wonder if Shabbibi was her for dinner and I got the absolute strait skinny if I’d be compelled to dance on the table or cry in my napkin.] So, if you had Shabibi over for dinner you’d probably start out with a good cry, Shabibi had a plan and all he needed was political and economic stability, something Maliki and the Dawa party did not want. I’m betting that with political and economic stability you’d be up on that table dancing the jig in no time. Iraq is it’s own worst enemy, even now they just removed Obeidi, the Minister of Defense right before a major offensive in Mosul. Now they’re going after Zebari, the Minister of Finance right before they have to submit a budget in October. Maliki, Allawi and Haitham al-Jabouri are creating havoc, again, to stop progress and maintain the status quo.
9-17-2016 Newshound/Intel Guru BGG Article: “Saleh: Iraq has implemented all the conditions of the International Monetary Fund!” Interesting to hear this kind of bluster from Saleh…We haven’t seen the absolute proof – but sounds like they are headed the right direction.
9-17-2016 Intel/Newshound Guru Mnt Goat Remember back to 2012 when the then head of the CBI Dr Shababi was going to RV the currency. We know this is FACTUAL since he told us in an article last year that Iraq missed an opportunity since the IMF gave them permission to RV at that time. He also said that he has the reserves at over 80 billion. So we must go by what we now know. We now know the CBI reserves is somewhere around $52 billion since Maliki and his goons raided the coffers along with the currency auctions to sustain the economy since Maliki left only 500 million in the treasury when he parted from office and Abadi took over.
9-17-2016 Newshound Guru Kaperoni Their is no revalue, only a gradual appreciation over time. This event is not specifically about the dinar, its about creating a sound stable banking system and as a result an investment climate for global investors to rebuilt Iraq. Getting Iraq’s banking system into Article VIII is the key…here is a quote direct from the IMF…”Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.”
9-16-2016 Newshound Guru mike …this ride has been going for so long now folks get confused about the note count. The Finance committee said in 2014 that Iraq’s current note count of roughly 4 billion notes would be reduced to roughly 1 billion once the value was raised. I can’t see any way for them to reduce note count until they raise the value…
9-16-2016 Intel Guru Frank26 I feel good about what they have done last week in that meeting [IMF?] and…they are going to have continued negotiations going into November…September, October and part of November…and I hope that maybe when they come back from this holiday…they come back around the 18th I believe…I think they are going to come back with a lot of news…a lot more information…more transparency…what did we say…once they give you Fallujah…transparency of the Economic Reforms…you see it…what did we tell you the moment they give you Mosul…the transparency of the Monetary Reform…and when they come back we are going to have a plethora of information about the Monetary Reform…more talk from the CBI….more talk from Dr. Shabibi…IMO…
9-16-2016 Intel Guru ADMINBILL THE INFORMATION I AM GETTING IS SKETCHY AND WITH NO RESULTS IN THE END. IT IS NOT THAT THE SOURCES THAT PROVIDE THE INFORMATION ARE WRONG, THEY ARE NOT GIVEN THE COMPLETE PICTURE. I HOPE TO HAVE MORE TODAY. AFTER SO MANY GOOD REPORTS LAST WEEK THIS WEEK HAS BEEN SOMEWHAT DISAPPOINTING. LET’S SEE IF IT CHANGES TODAY.
8-16-2016 Intel/Newshound Guru Mnt Goat Eid is now over and parliament sessions returned on Thursday 9/15. Two major items we waited for was 1) the outcome of Zabari’s (finance minister) parliamentary vote on confidence and 2) the vote on the oil and gas law (HCL). …I am talking to some really high up officials in the Iraqi government, the IMF and in the USA who are telling exactly what is needed and at what level of performance they expect from Iraq. …They need an oil and gas law (HCL) passed in parliament before any turn-on of their currency to international markets. They even told us in a recent article this week that any significant increase it the value of he dinar is dependent on needed legislation. I quote from the article below – “the legislative track and other issues also have an impact on the exchange rate”…this article confirms that an oil and gas law is required.