Iraqi Dinar Guru opinions 3-20-17
Iraqi Dinar Guru opinions 3-20-17
3-20-2017 Newshound Guru Revbo Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” […why is this huge…?] To me, it’s huge because the world is throwing cash at Iraq, and that’s a great sign. Means the world thinks Iraq is about to turn the corner. With $9 billion of the $18 billion released two weeks ago going to pay off Kuwait, they should be out of the final Ch. 7 sanctions shortly, and now, the contractors can get back to work. That this is all happening right at the same time CBI has stopped published the market rate for the dinar, I think, it also no coincidence.
3-20-2017 Newshound Guru Kaperoni Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-20-2017 Newshound Guru revbo Article: “Trump welcoming Iraqi PM Abadi to White House” Quote: “President Trump will host Iraqi Prime Minister Haider al-Abadi at the White House on Monday.” At 3 p.m., Trump will meet with Abadi.
3-20-2017 Intel Guru Frank26 [Bluestar: I was blessed with a phone call from a contact and as a result, I will be at a forum with PM Abadi tomorrow at 5 PM eastern in Washington , DC. I will do my best to ask a 4 part question tomorrow. There is no guarantee that I will be allowed to ask my question, but I will try.] BTW…If i could ask A a question it would not be when is Iraq going to RV the currency. Instead …It would be…”Mr Abadi Sir…Do YOU want an RV for Your country’s currency in this year of 2017?”
3-20-2017 Intel/Newshound Guru Mnt Goat […identified its goals to achieve financial stability and the development of banking technically and structurally and organizationally in order to reach financial inclusion where it was in 2016 in the preparation and development of appropriate financial and technical basis of the reality of the Iraqi economy and banking mechanisms.] …this plan had to be stalled before coming to full implementation at the end of 2016 due to getting the regions liberated from ISIS by the end of that year. So one would think then they must come up with a new target and announce it soon to us. The point that they have not yet done this already and we are quickly moving our of EARLY 2017, so this shows us they are still hoping for AS SOON AS POSSIBLE situation. They just told us last week we are looking at an EARLY April timeframe for liberation from ISIS.
3-19-2017 Newshound/Intel Guru tman23 This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
3-19-2017 Newshound Guru Kaperoni Article: “Sabri: Iraq’s economy will rise over the next five years” …this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
3-19-2017 Newshound Guru mike Iraq’s not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn’t serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.
3-19-2017 Newshound Guru revbo Well, it’s Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI’s spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.