Iraqi Dinar Guru opinions 9-29-16
Iraqi Dinar Guru opinions 9-29-16
9-29-2016 Newshound Guru rcookie Article: “Cabinet approves 2017 budget amendment” SO 2017 BUDGET AMENDMENTS APPROVED BY CABINET…JUST AS LAST YEAR WITH THE IMF CO-AUTHORING BUDGET AND MANDATING THE CRITERIA THAT WOULD QUALIFY THEM FOR THE SMP AND THEN SBA LOANS…THIS YEAR EXACTLY THE SAME…THEY GOT THEIR 2ND INSTALLMENT OF SBA MONEY BECAUSE THEY MADE THE NECESSARY AMENDMENTS TO IMPAct deficit and reforms that were then inspected and approved by imf before relaesing loan money… [Will the OPEC decision today hinder those output numbers?] NO…THE OPEC NEWS IS GREAT BECAUSE IT WILL POSITIVELY IMPACT BUDGET REVENUES…AS OIL WAS ADJUSTED TO $42…DEFICIT ATTACKED ON BOTH ENDS…..IMF SMILES AND CUTS NEW CHECK…SIMPLE.
9-29-2016 Newshound Guru rcookie Article: “Iraq: 634 receive Advisor Abadi million dollars from the IMF and the budget deficit “shrinking” Quote: “…the size of the budget deficit in 2017 shrank from 34 trillion to 12 trillion dinars, indicating that the next instalment of an IMF loan for Iraq amounted to $ 643 million…” AND THERE IT IS…DEFICIT TRIMMED FROM 34 TRILLION TO 12… [those numbers are amazing.] WITH IMF ASSISTANCE AND GUIDANCE JUST LIKE 2016 BUDGET THEY CO AUTHORED…NEVER… EVER…EVER HAPPENED IN THEIR HISTORY…NEVER…THEY FINALLY RIPPED THE BAND AID OFF…READY TO PLAY IN THE BIG BOY SAND BOX..
9-29-2016 Newshound Guru mike Article: “Trade protectionism stimulate national industry” Quote “…resort states to various means in order to encourage and support enterprise productivity to achieve economic growth…” We’ve known this for years, so do the Iraqi’s, what’s missing is the political will to implement the much overdo changes to the open market economy. On a positive note, at least they know what they need to do. Now they just need to do it.
9-29-2016 Intel Guru Frank26 After Mosul we would see more on the Monetary Reform…I believe Mosul is coming to a close now because different parts of the Economic Reform came out before they even told you about Fallujah…I’m seeing the Monetary Reforms in the last few days come out in great strides…Try to stop an avalanche…it is coming down like a lava flow… you can’t stop this Monetary Reform.
9-29-2016 Newshound Guru Adam Montana [Do you think oil with stay low & cause the RV to delay or come out lower?] I think oil will start to go back up OR Iraq will adjust, but it will not be a permanent delay. [Do you still think we can / will see an Oct RV or simply things “getting better”.] Both.
[ I am under the impression Mosul will be retaken by the joint forces within a few weeks. Does that make any more reason for them to finally roll out there new rate?] It’s not “the” reason, but it’s definitely forward progress and a positive thing.
9-28-2016 Newshound Guru Adam Montana Oil prices are relatively stable, the price of gold is staying above $1300/oz and most likely going up. Iraq has plenty of both. With all that has gone on with Iraq this year: CBI talk, banking, more oil, more gold, security, government, IMF and UN aid, etc…things are actually looking promising. I know about your 10 cent stance, and…I was just curious if you’ve heard anything about a possible rate of 13-26 cents, like a few other middle east countries are currently valued at as well. Just so Iraq can be ‘on par’ with some of their neighbors, and take advantage of the resources they possess or have yet to tap into.] oil prices stable ish — yes…gold price staying above $1,300/Oz and heading higher — I sure hope so…Iraq has plenty of both — well we know for sure they have a lot of oil, how much gold they actually have at the moment is anyones guess. as for the rate — 1c , 10c , 50c, $50 per dinar or even the current rate, it really doesnt matter to Iraq what the rate is life continues as normal, there are 120 factors that determine the value of a currency, everything from political stability to standard of healthcare, structure of the economy and population educational levels then the usual things like reserves, natural resources, workforce participation, interest rates, banking structure and policies, inflation rates and the volume of cash in the economy etc.
9-28-2016 Newshound Guru Adam Montana …”on par with the neighbors” — I’ve heard this one for years and there is absolutely no reason one country can value its currency at a higher rate just because another country close by is at a higher value relative to the dollar…thats like me saying well bob down the road who is a CEO of his own company just got a new mustang … I should have one too ,even though I work part time in pizza hut…with todays crazy lending policies I probably could get the loan for it in this scenario but long-term it will destroy me just like if Iraq jumped the gun and set a rate too high based on a false belief in their ability to maintain that rate or deserve it. As mentioned above the factors that affect the value of a currency cannot be overlooked or dismissed just because one might want to keep up with the jones’s (or Muhammad’s in this case) its just an ego thing. I do think some day it will be on par, now whether thats because the IQD increases in value or all out chaos engulfs the middle east and everyone else drops to Iraq’s current value I don’t know but time will tell.
9-28-2016 Newshound Guru Aggiedad77 Article quote: “The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER).” Notice how the UN and it’s various departments seem to all of a sudden be falling all over Iraq in attempts to help them….what pray tell might be coming from all this new found assistance.
9-28-2016 Newshound Guru firefly “Law No. (27) for the year 2016 general amnesty Arabic Original Document 26 Sep 2016″ From the Iraq Local Law and Governance Library folks! In Print now. It is now Law.
9-28-2016 Intel Guru Dr. Clarke As it stands RIGHT NOW, it looks like we’ll have an Official International Rate increase and exchangeable Iraq Dinar currency, on Monday, October 3, 2016. The next few days will fully determine this outcome, based primarily on events OUTSIDE Iraq, believe it or not, for this date…it has to do with the full integration of several other key political powers, and their current positioning politically. There are moves being made, as we speak, that are of serious concern. That’s all we can say about that, at this time. Because of this, at this point, there is strong consideration, to FIRST substantially increase the IN-COUNTRY rate by Oct. 3, countrywide only, without granting an International status, until the Approximate time period of December 1, 2016, at which time, Iraq would Officially become an Internationally Tradable and exchanged currency, outside the country.
9-28-2016 Intel Guru Dr. Clarke The consideration, is that this would give them some extra time, to fully integrate the affairs within the country, managing the changeover sufficiently within all aspects of their banking and regulation systems – lower denoms, auctions, pricing, etc., finalize some political shuffling of key positions, finish a handful more laws, and secure a little more ISIS details – all before becoming a Full International partner, and the onslaught of changes that come with that – ALL while these other things play out, after the Oct. 1 date..
9-28-2016 Intel Guru Dr. Clarke There just isn’t a 100% complete indication, from any direction, on this Oct. 3date right now, but it is a very high probability, much more, than implementing the December 1 scenario. The reason, is that they realize, the more time taken, the more problems that will inevitably surface. They, (meaning primarily the U.S. & Iraq), want to move on this NOW, but the UN & the IMF are leaning toward a little more time, to suffice the global picture…there are a couple countries right now, seriously threatening, as we speak…These are purely our Beliefs & Opinions, as to the status of things, at this point. As of Right Now, OCT. 3rd is it. …”Time Will Tell” …the VN Dong – we have no status change, at all – still…at any moment.
9-28-2016 Newshound Guru Kaperoni Article: “Float the Iraqi dinar economic phenomenon that will support the national currency” hopefully the plan will be put in place soon so Iraq can start to create a private sector. The dinar is key to that success.
9-28-2016 Newshound Guru Adam Montana If you’re watching the news stories, you’ll already know that my prediction to start seeing things moving around now is taking shape… we’ve actually got news! Which is a GREAT thing, considering the lull that we were in for the last few months! I think it’s clear that things are picking up pace. And that is exactly what’s happening now… I am liking the current situation.
9-28-2016 RUMOR Guru Bluwolf The 170 hours ends sometime tomorrow. What it transpire is not known by me. For see this is on a timer (It has a day and specific time agreed on by all countries). The rates are admirable and high and the banks are all ready. Know that the US is in the original basket and it also is revaluation. Vietnam, Russia, China, Iraq, Iran, Brazil, Mejico (Mexico for you), South Korea, to name a few are in that original basket of twenty. … the timer is about to expire and all GCR related happenings will become the world’s new reality.