6-21-2012: IRAQI DINAR GURU GUESSES!!
6-20-2012 Adam Montana The latest UN meeting did nothing substantial, which shouldn’t surprise us. Maliki is holding on tightly, and it’s becoming more and more obvious that they need to resolve the HCL soon. Once that is done, I strongly believe the RV is right around the corner. Until that is done, we are patient observers in this once-in-a-lifetime event.
6-20-2012 BGG Maliki is a lot worse off than the media is letting on. There is a “full court press” on in the media by Maliki to spruce up his image…won’t help though. Did you guys hear he bribed ALL the journalists who covered his recent trip to Kirkuk?? They got “promised” Gov’t land grants…I doubt it ever happens…Maliki’s word isn’t worth much.
6-20-2012 Vic1 THE NEW AMBASSADOR TO IRAQ…MCGERK STEPPED ASIDE…WHY?…BECAUSE…ALLAWI SAID…I WILL NOT WORK WITH HIM….HE WAS THERE TO GET CPA GOIN AND SET MALIKI…UP, NOW…CHAPTER 7 HELD OFF.
6-21-2012 Breitling Every 4 months is when the U.N. security committee gets together to decide if Iraq gets out of Chapter 7 or parts of the regulations of Chapter 7, it’s every 4 months, so the next one is in October.
6-21-2012 Vic1 I TRULY BELIEVE…THEY HAVE PUSHED THIS AS FAR AS COULD…NO MORE…ROOM! IT HAS GOTTA GO DOWN.
6-21-2012 Mike You can tell they are serious about moving forward with the Vote of No Confidence folks…This is not a dead deal…we’ve said it has just begun…lots going on – they have the ability once Parliament is in – The President of the Parliament can bring this up for a vote – I think they may try – we will have to see what happens on Thursday when they are in….so As the World Turns with Government of Iraq we get closer and closer to it.
6-20-2012 SWFloridaGuy In reference to that negative article from Forbes yesterday: It’s funny we see these reporters do their little fluff pieces on the IQD and 99% of the time they seem completely uninformed as to Iraq’s political and economic situation. They don’t appear to put much effort into their research which is fraught with ambiguity and they rarely present a reasonable theorem that supports their doubt. Maybe these reports are released for the sole purpose of quelling the amount hype and attention this investment has received. Just like the banks have been hounded with questions, I’m sure they have also.
6-20-2012 Bluwolf EUROPE IMO TOLD THE U.S. TO BE SILENT FOR THEY ARE IN THIS MESS BECAUSE OF THEM AND THAT BEING SO THEY HAVE NO POWER IN TELLING THEM OR GIVING THEM ANY TYPE OF ECONOMIC SOLUTION TO THIS WORLD CRISIS. SO WITH THAT SAID I PERSONALLY DO NOT SEE ANYTHING BETWEEN THESE MEETINGS [G20 MEETING] AND THE INTERNATIONAL RELEASE OF THE WORLD CURRENCIES.
6-20-2012 BGG the NA blabbering on and on about fully implenting the Erbil agreement brings up two very important points. First, the people are sick of the excuses and believe there is no chance of reform. They hear nothing but promises, promises and more promises from Maliki and then nothing…unless he’s backed into a corner. Secondly – he says, instead of them (the SLC) whining with the question “Why do you insist on the withdrawal of confidence”…the question they really should be asking themselves is “why don’t we have the Erbil agreement fully implemented” (after having a year-and-a-half to get it done)???
6-20-2012 Med THE BET IS ON FOR THIS YR. THE RATE IS DEBATABLE. ALL WE KNOW IS THE REMOVAL OF THE 3 ZERO’S FROM THE NOMINAL VALUE. WHAT EVER IT IS AFTER THAT WE DONT KNOW FOR CERTAIN. FOR EXAMPLE THE WORST IT COULD BE IS 1 CENT AND THE BEST .85. 1 CENT THOUGH…WOULD NOT BENEFIT THE IRAQI ECONOMY AND WOULD NOT BE WORTH ALL THIS EFFORT THAT CBI HAS GONE THROUGH…ALL WE KNOW FROM SHABIBI’S OWN MOUTH IS THAT HIS EFFORTS ARE TO HAVE IT EQUAL TO THE USD.
6-20-2012 Mike “Member of the Economic Committee: share of surplus oil revenues must be poor “exclusively” Everybody is trying to get these figured out and we want to give them to the poor….thats great. The longer we wait to RV the more will come out as to who gets what – Lets add some value to the currency and they won’t have to worry so much of who gets these revenues – they can divy it up and everybodys gets their fair share. They want to get this divied up and its coming up to that time – they are working on this to get it out to the citizens…Very good.
6-20-2012 Bluwolf THE QUESTION IS HOW MUCH LONGER DO WE HAVE TO WAIT FOR THESE INTERNATIONAL RELEASE OF CURRENCIES ? WHAT WOULD BE THE NEW EXCUSE OR HOLDUP IF ANY? THERE IS ANOTHER SUMMIT IN A COUPLE OF DAYS SUBJECT THE EU SITUATION AND AFTER THAT RAMADON. SO WHEN WILL IT HAPPEN? AND DOES THESE TWO SUBJECT HOLD ANY RELATIVITY WITH THIS RV ? IMO I DO NOT KNOW AND I GUESS THAT NOBODY ELSE WILL EITHER.
6-20-2012 BGG there is a lot of last-minute “wrangling”. Maliki is doing everything he can to “derail” what’s coming. It is even possible we see a “last-minute deal” or Maliki resigning. Anything is possible. However, I also think it is getting very late in the game for a legitimate offer to be accepted.
6-20-2012 SWFloridaGuy Either way it appears we are light years ahead of them when it comes to Iraq’s economic future. The ones who know it has potential or are privy that information are certainly not about to publish something that would galvanize the masses to their nearest dinar dealer. I’ve always said real intel never makes it into a public forum for obvious reasons. It’s imperative to the process they remain as furtive as possible. The people who do know aren’t talking and at this point a decision may not have even been reached yet. We do know Iraq is a very wealthy country who is on the rise (if they can ever solve this political crisis) along with their exchange rate. It’s just a matter time.
6-20-2012 Mike The Future of Iraq Project tells us that the banking system is the last thing they need to get done (Final Chapter). We’ve seen where they were at with the IMF 6 – 8 months ago and where they are now…they are knocking things off of their banking checklist as fast as they can to make sure they have what they need in order to get this banking system up and running and off the ground. Absolutely they are working hard…Gotta tell you its pretty exciting seeing them moving forward day by day…every day. ITS GETTING CLOSE TO TIME TO ADD VALUE.
6-20-2012 Scooter Over the past two years, I have always said that nothing will happen with Iraq’s currency without the two Government banks correcting their balance sheets and getting re-capitalized. Based on some recent information from their law library, posted June 15th, the recapitalization has been approved by the Council of Ministers. This becomes exciting for two reasons: This completes a CRITICAL BENCHMARK set forth from the IMF and World Bank back in 2006. If the balance sheets are corrected and the devaluation of those two banks occur, then the government and the world can re-capitalize those banks to the appropriate levels. This becomes incredibly important when determining valuations and providing proper transparency to the international community — international transactions, investments, loans, etc.
6-20-2012 Adam Montana As you know, I’ve been on the “now-to-September” train for quite some time, the CBI, through various news sources, is now reporting that they plan to introduce the new denominations not in September, but in January of 2013 which basically means we have no choice but to rename the locomotive the “now to January” train. I wish I could say the opposite, but I’m not here to…give false hope – it is what it is, and I’m always going to tell it how I see it…good, bad, or indifferent.
6-20-2012 Bluwolf NOW I HAVE A MESSAGE TO ALL BANKS, TO THE UST, TO THE IMF, IF YOU WERE WAITING ON THE COMPLETION OF THIS SUMMIT TO REACH A DETERMINATION AND BEING IT A NOT SO GOOD SCENARIO WITH LACK OF COMPROMISE, THEN WHY DO YOU NOT PUSH THE BUTTON AND RELEASE THE WHOLE WORLD REVALUATIONS AND GIVE BACK THE PEACE OF MIND TO ALL THE PEOPLE OF THE WORLD WHO ARE HURTING?
6-20-2012 Vic1 Today so much Important and Great News! Please with all due respect to all the News and Intel providers! The TIME is so close and many are on edge… realizing that NEWS can at times look so CONFUSING! This Maliki…Guy! Is he for REAL? VP/Biden…comes to Talk some sense into you…and you…Maliki…turn DOWN his MEETING!!! Then You write OUR PRESIDENT…asking MR.O to tell EXXON/MOBIL to stop doing business…with The KURDS? Are you Serious? YOU NEED TO NOW…Pack YOUR BAGS…CUZ…WHEN WE…THE(USA) says LEAVE… TIME HAS COME for you to GO. NEVER TREAD…ON THE USA!
6-20-2012 Phoenix3333 Iraq PM asks Obama to stop Exxon-Kurdistan oil deal. Iraqi Prime Minister Maliki has asked US President Barack Obama to intervene to stop Exxon Mobil from proceeding with a deal with the Kurdistan region that he warned would have dire consequences for Iraq’s stability. Exxon is one of the oil majors participating in massive projects intended to make Iraq the world’s biggest source of new oil over the next few years, but the US company’s decision to sign a deal with the KRG has infuriated Baghdad. Iraqi Kurdistan, which has its own government and armed forces, has already clashed with the central government over autonomy and oil rights, and halted its crude exports in April after accusing Baghdad of not making due payments.
6-20-2012 Studley they are working on last minute logistics…they r dotting the i’s and crossing the t’s…THERE R BIG POLITICAL BATTLES TAKING PLACE…this takes time, STAY BALANCED, we SHOULD be very close, BUT there can always be last minute issues.
6-20-2012 Adam Montana The CBI is…reporting that when the new denominations come out, they plan to let them co-exist for a full year, and they are blatantly telling us that they plan to increase the value at the same time. I have always kind of thought we would only get about 90 days to cash in (like Kuwait did several times), but if we get a full year – even better!
6-20-2012 Bluwolf SOMETHING MUST BE DONE IMMEDIATELY AND THAT TIME IS NOW. I HONESTLY HOPE THAT THIS MESSAGE GETS OUT AND REACHES THE EARS OF THOSE INVOLVE AND THAT THIS BUTTON IS PUSHED. IT IS THE RIGHT THING TO DO AND THE WHOLE WORLD WILL BE IN DEBT IN THE GOOD SENSE FOREVER. NO MORE POLITICAL AGENDAS, THE PEOPLE HAVE HAD ENOUGH. LETS GET IT OVER AND DONE WITH…EVEN THOU SOME TIMES WHAT SEEMS THAT IS, IS REALLY NOT, AND THAT, THAT IS NOT IT REALLY IS, WHICH ONLY BRINGS US TO THE CONCLUSION THAT SHOULD BE OBSERVED BY THE OUTSIDERS, LOOK WE AIN’T STUPID, GET IT DONE.