Iraqi Dinar Guru opinions 3-21-17
Iraqi Dinar Guru opinions 3-21-17
3-21-2017 Intel/Newshound Guru Backdoc …WE HAVE HIGH EXPECTATIONS THAT THE BUDGET WILL BE OPENED SOON TO PAY BILLS ALREADY AUTHORIZED BY THE IMF! THE CONTRACTORS’ DUES SEEM TO BE ICING ON THE CAKE. WILL THE ANNOUNCEMENT TO THE END OF DASH BE A GAME CHANGER AS FRANK [GURU FRANK26] HAS SAID? MMMM LIKELY! IMO.
3-21-2017 Intel Guru Frank26 Abadi went to DC with a huge delegation… [Abadi met with Trump today [Monday], and I think he will again tomorrow [Tuesday] with 68 other nations…] The meeting with Donald Trump created more meetings, not on the schedule. IMO…a lot of meetings…and Abadi met with the IMF earlier today [Monday]. [Where do we go after Mosul? What are you thinking?] I believe …IMO… once we have Mosul is given to us as LIBERATED…the speed of the MR will travel at the speed of light. When we see the effect of these meetings…when we finally are told what happened today…we will see the reforms EXPLODE…IMO.
3-21-2017 Newshound Guru Kaperoni […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
3-20-2017 Intel Guru RayRen98 Iraqi TV is reporting awaiting the release of the new budget which will encompass and supersede all previous budgets (no indication of a time frame yet).
3-20-2017 Newshound Guru Kaperoni Article: “Iraqi economy to a new stage of work” Quote: “Liquidity shortage suffered by the banking sector is in dire need of real moves to activate the capital cycle through the creation of a new deposit policy based on mutual trust between the customer and private banks.” This also tells us the urgency to activate the banking system.
3-20-2017 Newshound Guru mike Article: “Iraq declares bankruptcy over the next 10 years” This guy gets it: “the government continues this policy without the presence of viable solutions that could help expand the resources of the state , it will announce the bankruptcy over the next ten years and will pay the price for generations to come flopping happening in the economic policy of the country.” It’s been two years since the price of oil dropped and Iraq hasn’t done much of anything to try and find/create alternate sources of income for the country. The legislation should have been passed a year ago that would enable Iraq to create an open market economy, there is no time to waste, the reserves are eroding every month they delay.
3-20-2017 Intel Guru RayRen98 Let’s just run over the updates: There is an Iraqi flag flying again over Mosul. Sadr is being asked to do a celebration on Friday for all that has taken place rather than a protest over economic reforms still not being fulfilled. Abadi is supposed to be revealing some information on economic reforms either while he is in the US or at the summit. He is supposed to be announcing full liberation and/or elimination of Da’esh. We are still looking for this every day, by the end of the month, which is also the end of the quarter. It needs to be done by then otherwise there will be problems with retroactive payments going back to January.
3-20-2017 Newshound Guru Kaperoni Article: “International Monetary Fund agrees to release contractors’ receivables” There has also been a few articles that clearly state that Iraq will begin to pay back loans starting next year, not to mention the recent article that said there will be no further loans for budget shortfalls. You add it all up, funds for contractors, no future loans, etc…they expect big changes yet this year from Iraq.
3-20-20217 Intel Guru ADMINBILL ALERT LEVEL HAS BEEN UPGRADED TO RED (high) FOR THE WEEK OF MARCH 19TH
3-20-2017 Intel/Newshound Guru Mnt Goat Article quote: “…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.
3-20-2017 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…Eastern Time…Trump will meet with Abadi.