Iraqi Dinar Guru opinions 11-14-17
Iraqi Dinar Guru opinions 11-14-17
11-14-2017 Newshound/Intel Guru Mnt Goat Article quote: “A member of the Committee on oil and energy parliamentary Razak Muhaibis, on Sunday, the government to send a draft law of oil and gas to the House of Representatives in order to vote on him, saying that the draft law “has been” since two parliamentary sessions because of “objection” the outgoing Kurdistan Region President Massoud Barzani and his party.” …now we know the truth 1) the oil and gas law is not yet completed; 2) it has been blocked by Kurdistan; 3) it is ABSOLUTELY needed prior to any RV.
11-14-2017 Guest Newshound Guru Apmcrx Finalising Basel III reforms: Press release: “The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, welcomes the progress made towards completing the Basel Committee’s post-crisis regulatory reforms.” “The Committee will keep working to finalise its reforms aimed at fixing shortcomings highlighted by the financial crisis to make banks safer and more resilient,” Upcoming meetings: 12-13 December 2017 (Basel, Switzerland)
11-14-2017 Intel Guru RayRen98 […what are your most recent thoughts on the dong?] Nothing’s changed with the dong; rates have been 47 cents for a long time, with some chance of being $2+. We’ll have to wait on that, but I expect it to revalue with the dinar or shortly thereafter.
11-14-2017 Newshound Guru G-Lin Article: “The House of Representatives votes on two laws and ends reading five laws” Quote: “The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) and submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq and keep abreast of global economic development…”] […great to see a vote finally on the cbi law ,this is one of the laws the IMF has asked for ,does it have to go into the gazette or is it now law…] I believe it needs to be entered into the Gazette or signed by the Pres. It usually happens rather quickly.
11-13-2017 Newshound Guru Kaperoni [what are we all waiting on now and what is the holdup/status?] Same as before…laws, stability, corruption, investment. This is a process that takes time. They are inching closer each day.
11-13-2017 Intel Guru RayRen98 The HCL payments were supposed to start over the weekend at the new rates…and we are still waiting for that information, if it has started or not. There was also the anticipation of PM Abadi making an announcement over the weekend that would leave no doubt as to where we would be standing. We have been told that they are setting up for the biggest celebration ever in Iraq, with bleachers and platforms being set up. Some military people have announced that it’s all over…bar the shouting, and the shouting is that big celebration. The bank folks were/are all on high expectation for something happening this week.
11-13-2017 Intel Guru RayRen98 Some currency people are planning to go into the bank on Tuesday/Wednesday to exchange their currencies and especially the dinar. Anything could possibly roll out. As for today, Rawa was supposed to be liberated over the weekend, or so it was said on the television in Iraq…with preparations complete for the celebration, although that might be affected by the earthquake yesterday. Parliament is meeting tomorrow “for an historic day”. We don’t know if that the cause or the result. US banks are on alert for between now and Friday. Expectations are good for this week, with sources saying everything from half-done to completely done. These are expectations, not guarantees, but they are all good.
11-13-2017 Newshound Guru Breitling …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down. The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process. That would mean they know everything, that they would know exactly what’s coming down the road. And that’s not the case. That’s never the case. You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right? Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17..
11-13-2017 Newshound Guru Breitling …In other words we’re safe all the way up to $1.17…But if a war actually breaks out…So what’s Iraq’s plan? Iraq wants to get to $1.17 and then they actually put on the table a different economic plan which get’s them to $3.25. So that plan is going to be completely put to the wayside until the civil war is over with…IF it comes. So that’s the threat if they have an Islamic civil war in the Middle East…the $3.25 rate which Iraq wants to get to. But up to $1.17 you’re fine…I’m not saying they’re going to come out there. They’ll probably come out way lower and build their way up. So the turmoil in the middle east is only a threat from $1.17 on up. Up to $1.17 it is not. Nothing may come of it but that’s the way you have to plan for it…Here are a couple scenarios that can happen. And I have a game plan for each and everyone of them. Some people can stay in and risk because they have a lot more dinar. Some people, when it revalues at whatever rate, they need to get out. However it works out but that’s the way it is. So remember it’s [Islamic Civil War] a threat to the higher rate not the lower rate…
11-13-2017 Newshound/Intel Guru Mnt Goat Article quote: “The economic adviser to the Prime Minister, the appearance of Mohammed Saleh, Thursday, November 9, 2017 that the territory of northern Iraq will receive his share of the draft federal budget of the country for the year 2018…” We see Baghdad being tough on the KRG. Saleh is trying to account for all the oil revenues from that region. Too much past corruption in the KRG. Why does Iraq have to borrow money to meet its deficit each year? They are a very rich country. I will tell you why – RAMPID CORRUPTION from the top political elite. The GOI has to clean this up. They are trying to balance the 2018 budget. These are all reasons why they are holding back on the final vote of the budget… I can assure you they are not holding back the budget due to the RV…
11-13-2017 Guest Newshound Guru Apmcrx Article from April 26 2017: “Iraqi banks …. and the road map to Basel 3″ Quotes: “Based on the results of this experiment, the final modifications and treatments will be made on the components of this ratio in the first half of 2017, and will be applied definitively and effectively from the beginning of 2018.” “Due to the limited time available to the Iraqi banks or the Central Bank of Iraq, we suggest that the time is invested properly and the 2017 allocation for intensive training with the pilot application of all the axes and requirements of Basel 3, with practical application starting from the beginning of 2018″ By the way In CBI you can find plenty articles talking about basel 3 in 2017. If Basel 3 is international banking compliance then….(fireworks).