Iraqi Dinar Guru opinions 3-24-18
Iraqi Dinar Guru opinions 3-24-18
3-24-2018 Newshound/Intel Guru Mnt Goat Article quote: “Warka clients are now permitted to purchase Warka stock from the funds now deposited in their bank accounts participating in the capital increase in accordance with the banking laws.” …This is nothing more than the bank selling stock to increase capital in their own bank. The stock is selling for less than a penny USD. Yes if they sell a lot of it and the IQD does get revalued the bank stands to make a ton of money.
3-24-2018 Newshound Guru sandyf …the new oil and gas law the same thing as the HCL? – Yes it is. You will never see the Hydrocarbon law pass through the Iraqi parliament, they only refer to it as oil and gas law.
3-24-2018 Newshound Guru Kaperoni There is enough evidence from various news articles over the last month to imply the CBI is now in compliance with the IMF. The clock is now ticking. And to boltster my view, the CBI is selling $180+ million at auction per day. It is my view that the CBI will write a letter to the IMF asking for acceptance into Article VIII sometime around June 2018. This also coincides with an article that they want to end the auctions. I could be wrong and they could wait longer but that makes little sense with the continuing auction amount exceeding $180 million each day. 3 reasons, they said they want to end the auctions, the IMF made it clear Article VIII sends a positive messege to investors, and selling $180 million + will drain reserves.
3-23-2018 Newshound Guru Kaperoni Article: “Economist: banks must be converted to bridges for the development of offices not to money laundering and smuggling” Quote: “…there is a need to reform the banking system and enact deterrent laws for the reform of the banking system in the country…” What he is really saying is its time to open the banking system to the world so investors can participate in the reconstruction of Iraq.
3-23-2018 Newshound/Intel Guru Mnt Goat Iraqi TV is broadcasting that Parliament will hold its last session on March 29 WHERE THEY INTEND to pass ALL remaining laws. No sessions are anticipated in April due to preparations for the May elections. …let’s hope they get this reinstatement done prior to the elections. We know anything can happen during and around election time.
3-23-2018 Newshound Guru Kaperoni Article: “The exchange rate of the dollar and gold in Iraq on Thursday” Quote: “According to the figures in the “Economy News” sell the dollar in Baghdad today recorded 121 thousand and 250 purchase price 122.25 thousand dinars per dollar per cent.” 1212 to $1 not bad. […others…say it is really at over 1250+.] …there are way to many articles from Iraq indicating otherwise. The auctions are to big right now ($180 million +) starting about a month ago, and article after article states the dinar is stronger now. …I believe the CBI is 1215 or less but hard to prove without actual CBI documents. I tend to think we are in compliance for a few weeks. All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII. I tend to think they will with auctions over $180 million a day (they want to end them), they want to move forward and begin to encourage investment.
3-23-2018 Newshound Guru Kaperoni By the way, the last Article IV came out in August (which is usually held a few months prior) which if its the same time this year would be a good time to transition. Time will tell. I will also add that Article VIII is not something the CBI can wait on. Remember the IMF stated a few times (the last Article IV Consultation and at least another time during these reforms) that moving towards “acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community…”
3-23-2018 Intel Guru RayRen98 We have the rates for all the currencies; last week they weren’t on the screens, that’s all. Dong = 47 cents, rupiah = $1.08, Afghani = $2.39, rial = $3.22, dinar = $3.71. These are the most consistent rates we have seen over the last few months.
3-23-2018 Newshound/Intel Guru Mnt Goat IS HCL COMPLETED? …the new HCL or Hydrogen Carbon Law is a law (legal policy) that is called for within the new 2005 Iraqi constitution. The USA and the IMF have been noted in saying that they will not support “full” exit of Iraq out of monetary sanctions until Iraq formalizes this law and makes it a legal and binding law and then implement it. We can see the constant tension between the GOI and the KRG resulting from not getting this law in place. I will also note that this is part of the mandate to have a fully implemented constitution. We know that the “final” exiting out of monetary sanctions will come when we see movement of the monetary policy from working under Article 14 to Article 8 of the UN Charter. Just so you know this HCL is also being called the “oil and gas law” for those not keeping up in the news. We have waited so long for the HCL and now it might finally get done?
3-23-2018 Newshound Guru Kaperoni Document “Husaain Atwan-Exchange rate gap-final” This document seems to confirm that the Market Rate has dropped considerably. 1220 to $1 by Feb 2018. We can assume it is less than that in March from auction reports printed.
3-23-2018 Newshound/Intel Guru Mnt Goat GET READY FOR THAT “BASKET” OR REMAINING LAWS. But then again how many times have we heard them tell us this already over the last 10 years? …But also remember this too – How many times did we see the RV targeted to go – 2011, 2013, 2016 and 2017. …Let’s hope this is it this time. But the good part is in each of these targeted dates they told us the same thing. What makes this time any different? We already witnessed the oil and gas law (HCL) get passed and is being implemented. They told us Article 140 is right around the corner too. We probably should not expect any reinstatement until at least after March 29th. Then again don’t expect them to “pull the trigger” on March 29th either…
3-23-2018 Newshound Guru Adam Montana [Now that the CBI has ‘complete’ control over all the banks in Iraq, the budget not being opposed and pasted, the Federal Court upholding Art.140…allowing the progress of the HCL…What’s your take on the HCL…and what other factors does Iraq have to achieve in meeting their “Constitution’s” compliance…] HCL. All HCL. Only HCL. Everything else is trivial. Let’s see something happen on the 29th!
3-23-2018 Intel Guru Bruce …Iraq is done and they have everything moving and shaking. They have been congratulated from a number of countries in the Middle East in having been put back on the world stage, having a currency to do business with. Iraq did put their rate in the budget in their digital Gazette yesterday. I do not know if the printed version was shown. We had all kinds of information coming in and confirmations that this was supposed to have gone down overnight last night. …From what I understand it was in position and it was expected to. …I don’t know what the reason is why it didn’t happen. …Maybe the timing just was not quite right….but all the factors were in place. The military was ready to go with security. The Treasury was on board ready to go. The President was on board expecting it to happen. …We are in a sort of any minute basis, open window…