Iraqi Dinar Guru opinions 9-28-17
Iraqi Dinar Guru opinions 9-28-17
9-28-2017 Intel/Newshound Guru tman23 [So if the kurds go independent then we have wallpaper and not currency anymore…] You will find out in a few more days…Abadi ordered Kurds to turn over all land…Airports will shut down Friday at 1800 hrs…Borders will be secured…And Iraq military will take over… Barzani was very respectful of Abadi…and they want to support him as PM in the upcoming elections… I know of this from inside…SO… My excitement which makes no sense to many…makes sense to me…Abadi may be playing actor among a bunch of snakes surrounding him and high pressure…But what I know or thought to be true…this is not making sense …ZERO! We will see in 3 days…AND we have up to 10/8…Sticking by it…
9-28-2017 Intel/Newshound Guru payray Article: “Association of Private Banks organizes a workshop on safety requirements for financial transfer systems” Quote: “…the presence of the Central Bank for most workshops held by the Association of Private Banks A significant indication of its importance because it is part of its strategy to be implemented during the next five years” [What does this mean?] It means we are preparing for Iraq to go international… [Implemented during the next five years” Gooodness, I could be here awhile.] Nah… Once they go international, it will be a process… But once they do go international, a new rate will be imposed… They will be forever learning, and changing international standards…
9-28-2017 Newshound Guru Adam Montana [Not real sure about the numbers, but I think I’ve seen that the Kurd province produces 12 percent of all Iraqi oil and represent 17 percent of the Iraqi population. Wouldn’t be better for Iraq (and us) if the Kurds cecede?] If the Kurdish region went Independent, Baghdad (Iraq) would lose their northern border with friendly Turkey and gain a new border with less agreeable tenants (the KRG)… so no, I don’t think that is something they want. They also have to address Article140, which neither side wants to cave on. And even if it is “just 12%” of their production/revenue… That is a pretty significant number. So overall, I don’t think Baghdad will want to let this happen. Would it be better for us? I don’t think it would further the HCL agenda, it might even hurt it. The Kurds would create their own new currency, and we’d still have IQD with less chance of an RV. So in my opinion, nope. Not good for us if they secede.
9-28-2017 Newshound/Intel Guru Mnt Goat Trust me this is not my “opinion” either…The Kurds are not just being rebellious and this is not just some “smoke” screen for the RV. Barzani fully intends to separate Kurdistan from the Iraqi Republic but remember this is not an overnight deal. It will take years to accomplish. Meanwhile what will be the GOI response? How about the response of its neighbors? There will be many impacts all around. We are told it will not be pleasant…the Kurds will not be allowed to leave peacefully. The Kurds overwhelmingly voted for the referendum and got over 60% turnout for the vote and the voting process was a huge success. Iraq is now experiencing major crises and this is disappointing as we really don’t know how this is all going to turn out.
9-27-2017 Intel Guru RayRen98 Man, oh, man…what an interesting week and turn of events. Just when you thought nothing else could possibly slow down the wheels of progress, who would have thought an internal issue would be the issue. They are still reporting on the television that the internal bankers have completed training. If there is never, ever going to be a revaluation, why would they be training private bankers in Iraq? So you have heard about the internal turmoil in Iraq, with tension between Kurdistan and Baghdad, and reports are flying out here with 72 hours to released the borders, now pinned as 6pm on Friday (local time), with force if necessary…we get to sit back and see what happens until it’s time to make our move.
9-27-2017 Intel Guru RayRen98 Abadi said to Parliament today that he’s targeting the end of November for these issues to be resolved, and some automatically assume that he means the final economic reforms. Either way, we cannot influence the process. Most are still focusing on the end of this month into the beginning of October. When you look at the mechanics of things including fiscal reconciliation, it does seem like the 1. October is appropriate. We’ll see. Banks over here have initiated training on how to handle us on the appropriate procedures – does that sound like there is ‘no RV ever, ever, ever’? Yes, it’s happening later than we would have liked to see it. Right now, October is the most obvious time frame. End of November – I think that is just talk. It won’t take that long to liberate those last two provinces. Take in the news you see, discard what you can’t use, and stay calm while we wait for this to pop.
9-27-2017 Newshound Guru G-Lin Article: “The House of Representatives votes on a parliamentary resolution on the referendum of the Kurdistan region and hosts the Prime Minister” [It does not appear that any laws that was proposed for today was voted on…] …they will be back in Parl. next Tues. This referendum situation took priority. And with good reason. This easily could turn into another Israel Palestinian conflict. Kirkuk is Kurdistan’s Palestine. It is all about the oil and disputed territories. It always has been. Thus no 140. Maybe this will force them into an agreement but when you throw Maliki and Iran in the mix, it’s scary. Syria and Israel seem to be ok with the Kurds forming an independent state, but the rest of the M.E. and the U.S. and Europe are not happy with the Kurds. Now will this mess effect the economics? Who knows?
9-27-2017 Newshound/Intel Guru BGG Let me be perfectly clear…I am not saying, nor have I said, they will enact some version of currency reform this year – as in: 2017. They may – they may not… it would be very difficult to know this. Nor am I saying this HAS TO go into 2018. Nowhere has any official source said this. Nor have there been ANY DIRECT indications of this. NONE. In fact, there have been NUMEROUS indications DAILY they are moving closer and closer to a full re-engagement with the world markets and economies. Just today there is news of direct negotiations between Iraq and the Saudis to share an export pipeline again. Article quote: “Iraq asks Saudi Arabia to reinstate the oil export agreement through the joint pipeline”…
9-27-2017 Newshound/Intel Guru BGG This daily flow of news speaks directly to the economic and market progress Iraq is making… by LEAPS AND BOUNDS. This re-engagement, with the support of the IMF, UN and WB is critical. Iraq can price their currency and whatever they want. If no one will buy it, what does it matter? Who cares if there were a $14 RV – if no one will buy your currency? This re-engagement and international acceptance is a HUGE step towards economic, investment and currency reform in Iraq. I have plainly said they are CLOSE. Period. End of story.
9-27-2017 Newshound Guru Adam Montana …the Kurdish referendum…They did hold their “vote” on Monday, but the result of the actual vote isn’t what I’m focusing on right now. What I AM looking at is the aftermath. Turkey is leaning HARD on the KRG after the referendum. 85% of Kurdish oil exports leave via Turkey, and Turkish President Recep Tayyip Erdrogan stated point blank that they will close that border if that’s what it takes to get the KRG back in line. This is some serious strong arming! OIL is at a high right now. We’ve all been waiting for the price to go up, and the $60 mark is in sight! Kurdish Regional President Barzani issued a statement regarding the vote, which apparently revealed exactly what we thought would happen – the people voted for Independence.
9-27-2017 Newshound Guru Adam Montana But are they really going to be able to achieve that, with Article 140 still unresolved? The only way to move forward with an actual secession would be to relinquish any claims they have on the disputed territories, and there’s no way that will happen. This is not rocket surgery, my friends! I’ll tell you why I like how this is playing out. They know they are stuck between a rock and a hard place right now with Turkey. Add to that the proposed extension by OPEC, Iraq’s general exemption from said OPEC agreement, the price of oil rising, and everything else on the table… you know, I look outside right now and I see leaves falling alongside the temperature. It makes me think of warm foods like soup and chili… and looking at the situation in Iraq, it looks to me like a recipe for “HCL soup”! Serve it up, I say! The table is set, and we’re hungry.