Iraqi Dinar Guru opinions 11-18-17
Iraqi Dinar Guru opinions 11-18-17
11-18-2017 Newshound/Intel Guru Mnt Goat Article: “(IBAN) IN BANKING TRANSACTIONS” Quote: “IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations” A few weeks ago they implemented SWIFT and it is mandated by the end of 2017 for all banks in Iraq. So now we see IBAN also in use as it is also a worldwide banking standard. Both of these banking requirements are mandatory if you are going to do international banking. Does anyone remember way back to 2012? The minister of Finance then told us then that IBAN was coming that year, but due to corruption they delayed the banking reforms until later. Now we see it.
11-18-2017 Newshound Guru Kaperoni Article: “Amendments to the Central Bank gives him the freedom to work on a wider area of law” I believe the added ability to develop the financial market (securities) is important to the plan to float the dinar. [Is there more Banking laws needed…?] Not waiting on any banking laws, just IMF compliance.
11-17-2017 Newshound/Intel Guru Mnt Goat …we have seen some amazing events happen just in these last couple weeks towards monetary reforms: 1. SWIFT implementation mandated for all banks (private and state run) by end of year, which allows inter-banking transfers of money internationally. 2. IBAN implementation announcement this week which specifies standardized banking account # formats. So now SWIFT can work account to account 3. Much needed amendments to law #(56) which implements provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution. This broadens the powers of the CBI and coincides with a more broader/wider outreach (global) to the monetary policy of Iraq.
11-17-2017 Newshound/Intel Guru Mnt Goat 4. More departments of ministries come online with electronic payments as Rafidain Bank announced Friday the payment of salaries of employees of some universities and departments of the Ministry of Higher Education and Scientific Research and the departments of the Ministry of Industry and Minerals and Ministry of Water Resources departments are now getting paid electronically. 5. The CBI recently announced to its citizens that they need to circulate their cash dinars (3 zero notes) into the economy and not hoard them. Why did they do this announcement? We know the CBI needs to reduce the money supply by 2/3 prior to the RV. They have told us this many times already. So we know prior to launching a new rate they need to flush out the last of the hoarded dinars.
11-17-2017 Newshound Guru Aggiedad77 Article quotes: “The Speaker of the House of Representatives Dr. Salim Al-Jubouri met with Mr. Mirza Hassan, Executive Director of Iraq at the World Bank.” “The Speaker of the House of Representatives, Dr. Salim Al-Jubouri, Executive Director of the International Monetary Fund (IMF)…”…here is Jubouri meeting with high level entities of both the World Bank and the IMF while he is here in the US…..If you stop and consider…the orchestration that Iraq is going through right now as they prepare to tell the world they are free from terrorists and ready to get on with their lives…and remember the LL…the Long Line that wants in…they IMO are salivating wanting to step up to the plate with Iraq and move their lives back into or towards a productive mode once again…We just await Abadi to light the fuse…a short fuse IMO that will create a world-wide wildfire that will create kingdom building as maybe it has never been known before..
11-17-2017 Intel Guru RayRen98 Iraq’s prime minister is congratulating his forces on retaking the last Iraqi town that was held by the Islamic State group. Article “Haider al-Abadi says in a statement released on Friday afternoon that Iraqi forces liberated Rawah in record time and are continuing operations to retake control of Iraq’s western desert and the border area with Syria. The announcement came just moments after Iraq’s Defense Ministry announced that Rawah — located 175 miles (275 kilometers) northwest of Baghdad — had been retaken from ISIS. The ministry said the assault on the town began at dawn and was complete within hours.” Here we go!!!!!!!
11-17-2017 Newshound Guru Mnt Goat …what is still to be done in order reinstate the Iraqi currency and move out of the program rate. This is a very good question and I don’t have all the answers for you…sorry! But I do remember the articles from the Finance Ministry in 2011 and 2012 and everything we are now witnessing for banking and financial reforms efforts were right in their plan as they then told us would be instituted in the “coming days”.
11-17-2017 Newshound Guru Mnt Goat Well…it took a few more days (more like years) to get these reforms accomplished than we and the CBI anticipated. The problem in delay was of course the Nori al-Maliki years where nothing got done… Also we witnessed the raid on the CBI in late 2012 by Maliki and his goons, so this was also a major setback. Iraq is now moving ahead very quickly under the leadership of Abadi and Jubouri and just this week we witnessed an amazing feat of legislation get pushed through parliament for the amendments to the CBI law (56).