Iraqi Dinar Guru opinions 11-19-16
Iraqi Dinar Guru opinions 11-19-16
11-19-2016 Intel Guru RayRen98 I believe the Budget has been made a matter of urgency to get that approved and also implemented. Don’t put too much emphasis on the Budget, because being passed and published, that doesn’t mean an automatic RV. We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The citizens are no longer complaining about economic reforms. These are all signs to say that it’s over. It’s coming to a beginning, rather than an end. I do believe this is happening before the end of this year.
11-19-2016 Newshound Guru Shredd Article: “Central necessary to mediate letter of guarantee 100% of their capital firms” Quote: “Baghdad revealed a document issued by the Central Bank of Iraq, on Thursday, for a resolution that includes an increase for letters of guarantee banking companies to allow them to enter sell the currency window, and noted that the decision included raising the letter of guarantee for banks to 100%…” Though not unprecedented in other markets, this 100% guarantee is great news and in my opinion, very telling it will be in place by the first of the year, given the recent news regarding the project to remove the zeros. See the forest in the trees, this is good news!
11-19-2016 Newshound Guru rcookie …ONE OF THE BIGGEST ISSUES TOWARDS WTO ACCESSION IS HANDLING OF TRADE DISPUTES AND ARBITRATION PROCESS BETWEEN TRADE PARTNERS…AND WE JUST LEARNED THIS WEEK…THAT BAGHDAD WILL BE THE HOME & HOST OF THE ARAB REGIONAL ARBITRATION CENTER…WHERE TRADE DISPUTES WILL BE HEARD AND SETTLED AS WELL AS REGIONAL TRAINING CENTER FOR THE HUMAN RESOURCE TRAINING TOWARDS THESE ISSUES… HEADQUARTERED IN BAGHDAD! THINK THE WTO TOES ARENT CURLED WITH THAT…AND WHAT THAT SAYS ABOUT IRAQS REBRANDING AND MOVING AWAY FROM GENERATIONAL IMBEDDED CORRUPTION…AND ALL THE STATEMENTS ABOUT THEIR READINESS FOR ACCESSION… CONNECT THE DOTS AND THE PUZZLE PIECES COME TOGETHER… [They are further along then we know – IMO.] AGREED…AND THEY ARE QUITE FAR ALONG WITH WHAT IS PUBLIC AND ON RECORD.
11-18-2016 Intel Guru Frank26 Financial Affairs Advisor to the Prime Minister, Dr. Saleh…on behalf of the CBI…He says that the CBI is operating in two directions…#1…the first direction is the reduction of the USD against the Iraqi dinar…and #2 is to stabilize the exchange rate in their country…I agree…because IMO the program rate of 1180 is no form of stability…Dr. Shabibi said…I plan to return our currency back to the glory days value of what it used to be in the ‘80’s and ‘90’s….now we all know that quote… Saleh said that the general orientation of the CBI is working to restore the IQD exchange rate against the USD to its former glory days”. …there any glory in a program rate…there is only embarrassment…and to see these words again…given from the Financial Advisor to the Prime Minister to the citizens of Iraq…makes me smile.
11-18-2016 Newshound Guru Kaperoni Article: “Parliamentary Economy: project to delete the zeros from the currency has become impossible due to corruption” …this kind of banter has been going on for years. It has been referred to as “political football” within Iraq. Fortunately for us this time, the CBI is under an SBA with the IMF that will dictate economic and banking reforms to move the economy forward. We just have to wait and see what that entails.
11-18-2016 Newshound Guru rcookie Frank Baker’s Twitter Quote via Josie: “Frank Baker Great Britain’s Ambassador to Iraq via Twitter… “Interesting meeting with Govenor of Central Bank of Iraq to speak about enabling market access to UK banks and need to respect IMF conditionality” [Discussing the ability for UK banks to bring money in and money out of Iraq. International banking.] THAT IS PRECISELY WHAT HE IS REFERRING TO… AWESOME FIND! …”RESPECT IMF CONDITIONALITY”…MAGNITUDE OF VERBIAGE…
11-18-2016 Newshound Guru Adam Montana I’ve slept about 7 hours over the last 2 nights, and I couldn’t be more eager to continue corresponding with some of my best contacts. It’s all about what’s in the news, my friends! I’m really surprised that we’re not seeing more coverage of this, but my inside reports are telling me that the advance on ISIS in Mosul is going amazing.