Iraqi Dinar Guru opinions 4-8-17
Iraqi Dinar Guru opinions 4-8-17
4-8-2017 Newshound Guru 1bobby Article: “Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140″ The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. …If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it’s already in the Constitution. What Baghdad wants is what the constitution states “All oil within Iraq belongs to all Iraqi’s”…So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %’s will be distributed accordingly. We’ll just have to let this play out and see what they do, not what they say.
4-8-2017 Newshound Guru Kaperoni Article: “The call for legislation of “important” laws before the end of the parliamentary session” Quotes: “The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible,” the bloc said in a statement.” “noting that “the need to resolve to see the light soon.” …the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
4-8-2017 Newshound Guru MadDScout [What’s left before NEEDED to be taken off programmed rate?] Answer: Thats is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
4-7-2017 Intel Guru RayRen98 We have Army leaders making statements in Iraq, saying Mosul is 90% complete. Other Army leaders are saying it’s 100% with a few small pockets still to be cleaned out. …the UN and Iraq have had talks about reconciliation as soon as Mosul is fully liberated. The television information says the Kurds are focused on Article 140, and others say that has nothing to do with it. Abadi says that Mosul will be complete in two weeks, and that the value of the currency is rising, possibly 6:1. Iraqi television is running an awareness campaign to make the citizens aware of the economic reforms and increase in purchasing power of the dinar. “This is what’s going to happen and this is how you need to handle it.” It’s either about to happen or it’s in process right now. Let’s see what happens this weekend; based on the information, next week may be THE week.
4-7-2017 Intel Guru Frank26 …they are in the process of REMOVING the 3 zero notes and USD’s. NO MORE USD’s are being given to anyone anywhere. This is part of the MR. When they show 1 to 1 on the CBI website…that is when they will draw in even more of the 3 zeros notes…because that is when the lower denoms and coins will come out…and not a single 3 zero note will work. …this will not happen overnight. Yes…when it goes to 1 to 1…that will happen like “BOOM” overnight…but these notes they will run congruent for about 2 years until all of the 3 zeros are gone. IMF regulations state that they must lift the value of their currency…and also to educate the Iraqi citizens.
4-7-2017 Intel Guru Frank26 When they do FINALLY make the change on the CBI website to the 1 to 1…then the PHYSICAL part of the currencies monetary reform will happen through the lower denoms and the coins. 1,000 to 1 is simply an EASY CONVERSION state. This is BRILLIANT as far as I’m concerned. They are in the phase of their MR that is so unique…so powerful With their economic BOOM that they are bragging about…with oil…with industry..amazing! That is why their currency is REFLECTING 1,000 to 1 now in pay structure. Their currency was put in a position to be raised to reflect the true value of their oil and its dependability. It is likely to happen when the CBI raises the value of the IQD.
4-7-2017 Newshound Guru MadDScout [Do they have to have the HCL passed before they RV and if so have it been voted on yet?] Answer: It appears no, on that question, HCL prior to currency shift. The HCL is a very complicated piece of legislation and envolves the administration of provinces and their resources. In order to do this there has to be a census, so that these areas are represented properly, and administered accordingly. There are many problems at present with getting this accomplished with the fight on terrorism still ongoing, and the issues of the displaced. Plus there is no set in stone number that will be returning so there is no way to “wing it”.