Iraqi Dinar Guru opinions 11-28-16
Iraqi Dinar Guru opinions 11-28-16
11-28-2016 Newshound/Intel Guru BGG Article: “Iraq receives four billion dinars as a loan from the World Bank next month” When I saw this one – my first thought was… 1) That is great… the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international “re-integration”… via IMF oversight and my second thought was…2) 4 million USD doesn’t seem like much (or less) – unless of course… it’s NOT REALLY 4 million? they quoted this number in Dinar (which they would – since it is in Arabic vernacular)…but that number may not be “exactly static”…Who knows what 4 Billion Dinar is worth then? 4 million doesn’t do much in the way of “reconstruction”… That article says Dinar… another one says USD… My point…it’s probably NOT 4 Billion Dinar at it’s current value. That would only be 4 Million USD – that’s about enough to “reconstruct” one really nice house…4 Billion – on the other hand… might be a start…
11-28-2016 Newshound Guru Adam Montana …we are HEATING UP! I’m not even going to go into great detail about the current situation, it’s THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. ‘Nuff said: “Kurds request Baghdad and Erbil to commit Oil agreement” 3. World Bank to loan 4 billion DINARS next month. That’s NOTHING… without a change in the rate. Seriously not even worth the paperwork, much less a news story… WITHOUT A CHANGE IN THE RATE. Can you say “GO RV”? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I’m pretty sure some of you are finally starting to wake up to the fact that we are getting close..
11-28-2016 Intel Guru ADMINBILL CONTACTS REMAIN VERY OPTIMISTIC WITH SOME SAYING THIS WEEK. I AM STILL OF THE OPINION THAT OUR MOVING TARGET IS BETWEEN NOW AND THE END OF JANUARY.
11-27-2016 Newshound/Intel Guru BGG “…Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda.” Well – they have already pushed thru some crucial votes… no need to stop now. If they want to stay in good with the IMF they have some “housekeeping” to get handled – this business about passing budget bills late in the current year won’t fly…I expect to see a 2017 budget passed before 2017 gets here…
11-27-2016 Intel Guru RayRen98 It has been reported that the popular vote was approved thereby uniting Iraq but the budget vote was postponed until Thursday, December 1, 2016. The distribution of the lower denoms are “expected” to be in all provinces by morning. The IMF review has been moved to Monday, December 5, 2016. Iraqi TV states the importance of the loan and that the fight in Mosul needs to be completed to plant the flag and commence the national reconciliation. So, it appears that the complete freeing of Mosul, the passing of the budget and the national reconciliation will all occur on Thursday, December 1 and the IMF review to conclude on Monday, December 5. Can the currency revalue see an international public release before then? Time Will Tell…smile.
11-27-2016 Newshound Guru rcookie Article quote: “…create an ideal investment environment is an economic center of development sought by Iraq and represents the legal side of the main attractions of advanced and specialized international companies that can be used to achieve the development goals which must include all sectors.” THIS ARTICLE IS HUGE… OUTLINES THE APPLICATION OF THE INVESTMENT LAW NO 13…AND ADDRESSING OBSTACLES FROM FOREIGN INVESTORS PERSPECTIVE… SO…FURTHER INVESTMENT LAW AMENDING COMING SOON TO A PARLIAMENT SESSION NEAR YOU…ALONG WITH ALL OF THE OTHER ECONOMIC & FINANCIAL LAWS WE HAVE HAD LAID OUT FOR US THIS WEEK…WE KNOW EXACTLY WHAT WE ARE LOOKING FOR..