Iraqi Dinar Guru opinions 8-5-17
Iraqi Dinar Guru opinions 8-5-17
8-5-2017 Newshound/Intel Guru Mnt Goat Article: “Reuters: Iraqi general sees easy victory over exhausted IS fighters in Tal Afar” Just so you know, I am not presenting this article because I believe that once ISIS is gone from Tal Afar or from Iraq in general, that the CBI will automatically trigger some RV. I did not believe that once Mosul was liberated it would RV. …there is much more to do prior to getting to the level of SECURITY needed. Let’s also think about the needed STABILITY which is getting the new Iraqi constitution “fully” implemented. We just have to wait and watch the saga play out and hope that nothing HUGE happens along the way to disturb the process. We also see the 2018 elections coming up in the horizon and once again we have to be cautious that they RV prior to this timeframe…
8-5-2017 Newshound Guru 1bobby Article: “Abbadi consultant: external funding sources for the 2017 budget deficits amounting to three billion dollars.” Quote: “Central Bank and Finance Ministry and other agencies Goals and plans contained in the agreement will give an important signal ahead of major international institutions and States to provide funding and facilities to support the financial situation in Iraq by supporting funding for the State budget and multiple projects as paving the IMF’s statement to the third review which will start in the month of September next to continue with the programme and the consequent to an external support Iraq.” [It sounds like they want this new economic engine switched on between now and their September review meeting.] I don’t think anyone would argue your point. The IMF issues these monies expecting certain benchmarks to either be adhered to and or addressed. With Mosul out of the way, there are no more excuses for the GOI, Parliament and the CBI to progress at a faster pace. Not taking away from Tel Afar or Hawija as hot spots as far as ISIS.
8-5-2017 Newshound Guru Breitling You guys have to understand the way they set this up for it to move forward…[when] they put the currency [dinar] out, the first thing they did was to dampen it down. It’s not a market rate ladies and gentlemen…They artificially kept it down…the pressure they are fighting against is going to cause it to go back up. it’s that simple….What did Iraq use to push the value of their currency down? They used the U.S. dollar…That’s what artificially helped keep the dinar down. The justification Report…went to…the Ministry of Finance, the Ministry of Planning and the CBI and specifically said that we want to get it back to $3. This is well recorded
8-4-2017 Newshound Guru Kaperoni Article: “Announced the restoration of all his money and heading to leave Chapter VII sanctions” Quote: “The spokesman predicted that the end of this year to end all the burdens of Chapter VII resolutions carried by Iraq “because of what committed by the dictatorial regime of policies and follies tied Iraq ‘s money and led to her detention by international organizations.” [Is this needed before the currency can go international?] This is an interesting question…Iraq is a proud country. I would think they would want to say to the world we have our own currency and it is internationally convertible worldwide. Is it a requirement? Probably not, but I bet they try hard to accomplish currency reform and status in Article VIII very soon. After all, they have little time to waste if they want foreign investors or investment.
8-4-2017 Newshound Guru G-Lin Article: “Kurdish delegation to visit Baghdad next week on the referendum ” Quote: “delegation from the Supreme Council for the referendum in the province of Kordesta to the capital Baghdad, next week, to hold official talks with federal government officials on the independence of the Kurdistan region.” I personally do not see this being a quick occurrence. It may succeed in the vote in Kurdistan but that is just the beginning. This would be a monumental change. However, with all of the above going on, the monetary reforms are moving forward. I don’t think there is anything politically that can stop the forward progress being accomplished.
8-4-2017 Newshound Guru G-Lin Next month’s Art. IV consultation in it’s entire by IMF should be an interesting read. And if Iraq is released completely from Chap. 7 restrictions by the end of the year, 2018 might be our year. Could it happen sooner? Sure. I would think Abadi might love to take all the credit before the elections but they need to get their ducks in order. They have been moving at a break neck speed since Mosul was liberated. Shocking really the amount of investors kicking down the doors. And Iraq using their own currency in the latest bond offered is interesting. Lots going on. Also this Commercial Agency Law that was read yesterday for the second time, may have the investment laws we have been looking for. It may pass tomorrow in Parl. and when it is published we could see a lot of what we need. Buckle up. It is moving fast now. As usual all is JMO.
8-4-2017 Intel/Newshound Guru tman23 [So what are your thoughts on the 1 to 1…?] The 1-1 is something Shabibi said that we know was a fact… 1-1 makes sense as he said…easy for people to understand… So I believe the 1-1 would have more odds of what we see occur…but as of right now Nothing has changed.
8-4-2017 Intel Guru Bruce …the IMF meeting which was on Tuesday morning…was a success, and it was such a success that the IMF congratulated CBI of Iraq for providing what it was they needed to provide…doing that actually earlier or more quickly than anticipated by the IMF. They did come with a rate, whatever it was IMF was looking for and they checked all the boxes. That was very positive. They congratulated the CBI for having done that. As far as what has occurred since that meeting we…understand that Iraq has 72 hours to release the rate, or have the rate out and visible for all the world to see. I think we are coming up to fairly closely sometime late tonight or tomorrow [Friday] hitting that 72 hour period. What is interesting is Iraq did what they needed to do and also had an anti money laundering law that was voted on and needed to be enacted, put into law. I believe that has occurred. I believe the only thing that I can see that Iraq needs to do is make that rate for the Dinar, the new Iraqi Dinar known, put that rate out.
8-4-2017 Intel Guru Bruce How do we know that? We know certain people with the Qi cards even in Iraq…had access to new funds from oil and gas exploration, the shared profits from oil was actually on their cards. …Iraqi citizens outside of Iraq also have those cards and they were noticing certain fluctuating in the rates on those cards as they started to increase. Those rates started to increase to the point all of sudden they hit that rate we talked about in the past. When I hear the stuff of 1:1, I just laugh. They have had a rate on their cards, debit cards for maybe a year now in the $4 to $5 dollar range. Forget the 1:1. What about what Dr Shabbi said in 2012 about the rate? Remember he said the rate that Iraq could sustain? I wouldn’t be surprised by it at all. Iraq is basically done. They just need to reveal that rate….and they have a limited amount of time according to the IMF to do that. I think we are getting close to the end of that window…we are right there at the end of the ride.
8-4-2017 Intel Guru RayRen98 Iraqi TV is reporting the CBI governor, Allaq, indicating that finalization of the economic reforms should be obtained in 3 weeks with a review of the budget set for August 21, 2017. It is anticipated that the reforms should maximize and conclude at that time. The budget review by the federal court has been postponed until August 21, 2017 also. Written articles are somewhat contrary to the TV reporting…hmmm?
8-4-2017 Intel/Newshound Guru tman23 “Iraq studies oil swap for reconstruction 1st August, 2017 Iraq’s oil and energy committee unveiled a proposal to swap oil for the reconstruction of terrorism-hit areas with major powers, notably the United States…” THIS FITS THE NARRATIVE FOR THE IQD SPECULATORS WHO WERE OF THE MINDSET THAT THE IQD WOULD BE HELD FOR OIL CREDITS BY FOREIGN GOVERNMENTS…