8-29-2012: Iraqi Dinar Guru guesses!!
8-29-2012 Newshound Guru Adam Montana It is now a couple Wednesdays since Ramadan wrapped up and a lot of people are wondering what is going on and “where we are”… we are seeing a BUNCH of news in a possibly unexpected arena…BANKING. The GOI is making very subtle but very STRONG moves to implement banking and maintain control of exactly which Iraqi banks are able to expand to outside of Iraq and which foreign banks are able to come INTO Iraq. These are VERY GOOD for us! In order for the Iraqi Dinar to become quickly tradeable as a world currency (at a higher rate of course!), we need to have sophisticated and efficient banking and communications systems in place. EVERYTHING – that I’m seeing regarding banking laws progress, attitudes, etc… it is ALL positive and lends to a globally traded, higher valued Dinar and finally, there is movement on the HCL…it appears they are attacking this subject yet again, and the news is positive.
8-29-2012 Newshound/Intel Guru BGG Article: “Iraqi Council of Representatives resumes its sessions.” This may be the best news so far for the last few days – lots of action in the Parliament. They are getting some fairly important legislation in place and passed. These are some of the things we needed to see to fully “seal the deal.” I expect Talabani back well inside the “10 day window” and secondly…it appears there is talk about a pre-meeting with Barzani (which needs to happen).
8-29-2012 Newshound Guru Mailman17 THE 18TH OF SEPT IRAQ GOES TO A WORLDWIDE MEETING REGARDING THEIR INTERESTS…MAINLY INFRASTRUCTURE IN LONDON. IMO, THEY WILL NOT GO EMPTY HANDED. THEY WILL BRING A STABLE GOVT THAT INVESTORS ARE LOOKING FOR AND A TRADEABLE CURRENCY. INVESTMENT IN IRAQ WILL BE THE MAIN TOPIC AND SHABS WON’T GO THERE WITHOUT SOMETHING TO PUT ON THE PLATTER. ADD TO THAT THE MAIN 4 LAWS PARLIAMENT IS ON SCHEDULE TO ADOPT. THINGS ARE MOVING REAL FAST REAL FAST. IMO SEPT WILL BE A GOOD MONTH.
8-29-2012 Intel Guru Bluwolf PLEASE NOTE THAT THERE IS NO NEGATIVE INFO TILL THIS POINT OF TIME. ALL IS AS EXPECTED AND WE ARE TO BE NOTIFIED AS SOON AS THE INFORMATION FROM THE BANKS PERMITS…BEFORE THE COINS COME OUT THERE SHOULD BE A INTERNATIONAL RELEASE…THEY NEED A CURRENCY WITH VALUE FIRST…THEY NEVER STARTED THE FLOW OF THE MONEYS, MALIKI NEVER GAVE THE ORDER TO DO SO, THEY STILL WAIT…ALL AT ONCE WILL BE THE INTERNATIONAL RELEASE.
8-28-2012 Newshound Guru Kaperoni Iraq is lining everything up to invite banks and investors and participants to come into Iraq and when you see all of this line up you can clearly see that we are getting closer to the point in which they will hopefully take their currency on an international level and give it some value. This is all focused on what we believe to be the month of September.
8-28-2012 Newshound Guru SWFloridaGuy The HCL dispute is over 4 paragraphs (out of 54) in the legal clause between the federal government and the Kurdistan region that have to do with ownership and management. There are a few drafts of the oil and gas law. Last year the GOI ratified the HCL draft and submitted it to Parliament. The GOI introduced some amendments which were then reviewed by the Energy Committee. The Commission on oil and energy decided the draft law of oil and gas had constitutional violations and moved to amend the bill to reach a suitable formula that would be agreed upon between the political blocs. The NA objected and postponed it until now. Supposedly, the GOI has currently made passing the HCL and General Amnesty a top priority and for all we know it may be worked into the new reform package. This very important law is currently being addressed but still heavily debated.
8-28-2012 Intel Guru Tony From high level people in Iraq, coins released but can’t be used until after September 1st. Does not mean it will RV at that time. I believe the final steps are being done now. I expect some announcements from Iraq on Thursday.
8-28-2012 Newshound/Intel Guru BGG Article: “Talabani returns from Germany within ten days” I think 10 days is a little on the “outside” for a window to look for Talibani’s return. In fact, we’re a little overdue right now. Anytime is possible. As have been saying – I would look for some of these important pieces of legislation to get handled this week, for more good news about everyone getting along and then Talibani coming back later this week – thru early next week sometime. JMHO
8-28-2012 Newshound Guru SWFloridaGuy Great article from DMCC today. They are the leading commodity and currency derivatives exchange in the ME, with electronic trading accessible from anywhere in the world. They said the IQD has attracted their attention and they are looking forward to the inclusion of the IQD (along with other currencies) into the global commodities exchange market. The IQD must be a convertible currency. This article of course does not reference the mechanisms by which they will achieve this but the fact that the IQD is on their radar as a currency that will add more “volume and value” in trades is an encouraging sign.
8-28-2012 Newshound Guru Med CBI WOULD NOT LAUNCH A NEW CURRENCY IN THE MIDDLE OF A BUDGET. IT DOES NOT EVEN MAKE SENSE. YOU PASS A BUDGET BASED ON A NEW RATE, THEN DONT PUT IT OUT FOR 7 MONTHS. THINGS ARE GOING TO BE A GO SOON.
8-28-2012 Intel Guru FreewayBill WELL, I COME BEARING SOME GOOD NEWS! HIGH OFFICIALS FROM U.S. IN IRAQ AND THEY ARE NOT THERE FOR DINNER! YOUR COMMANDER AND CHIEF IS JOCKEYING FOR HOLDING THIS UP FOR THE RIGHT MOMENT. CAN HE? YES, BUT ONLY FOR THE MOMENT. THE MEETINGS GOING ON NOW IN IRAQ IS NOT [TO] DECIDE IF, BUT WHEN IT WILL BE OFFICIAL. WE ARE, INDEED, REALLY CLOSE TO THE END.
8-28-2012 Newshound/Intel Guru BGG Article: “Iraq: Minister Quits Over Maliki’s Meddling” The Minister of Communication (a relative of Allawi) has resigned due to Maliki’s constant barrage on the media outlets over there. If they don’t follow thru with the NM – it will be just one more nail in his coffin…more pressure.