“As the Dinar Turns”…same RV channel, same RV time…3-12-13

“As the Dinar Turns”…same RV channel, same RV  time…3-12-13

3-11-2013    ******    I’m hearing great things for today.   i did get word that there is  enough $ in the coffers to cover the rv which what I’m hearing is to happen  maybe today.   the rates i was quoted yesterday afternoon were upper 5. Dinar  and .39 on the dong.
3-11-2013   Mountainman   Article:  “Financial expert: Iraqi  dinar needs economic stability to make it a desirable currency internationally.”   This article reiterates what  we’ve been saying for years. Stability, stability, stability. That doesn’t mean  they all go to their happy place, it means economic/political stability in the  eyes of the global community that will give Iraq the international support to  make the IQD desirable, dedollarize and eventually use as their primary currency  once they add value per IMF/CBI instruction and approval (when they feel the  time is right).
3-11-2013   Poppy3   I JUST GOT A CALL SAYING MALIKI HAS  BEEN DEALT WITH DURING THIS MEETING THAT HAS TAKEN PLACE TODAY AT NAJAFI’S HOME AND THAT HE HAS BEEN ISSUED A ULTIMATUM IN  WRITING TO SIGN ALL DOCUMENTS HE HAS BEEN SERVED ON ALL HIS PREVIOUS AGREEMENTS,  ERBIL. 140, HCL, BORDERS AND TO COMPLETE HIS APPOINTMENTS, LIFT THE OUTSTANDING  WARRANTS ON OFFICIALS AND PERFORM ALL DUTIES BY TUESDAY OR HE WILL BE REMOVE  FROM OFFICE PERIOD. THIS IS FROM A SOURCE I KNOW BUT I DON’T KNOW HIS SOURCE BUT  I KNOW HE IS IN DC AND HAS IN THE PASSED HAD SOME VERY GOOD INFORMATION. HE LIKE  ME IS TAKING THE NEWS WITH A GRAIN OF SALT AND HOPING LIKE US IT IS ALL TRUE.  STATED THERE IS ANOTHER MEETING AT NAJAFI’S HOME TOMORROW TO PREPARE FOR TUESDAY  PARLIAMENT MEETING…TIME WILL TELL.   STRANGE THEY ALSO TODAY STARTED TALKING  ABOUT NEW LEADERSHIP OF THE CBI ANOTHER  THING I SAID HAD TO BE DONE BEFORE THE IMF WILL ALLOW THE RV??? TIME WILL TELL  AND TIME IS ON OUR SIDE.
3-11-2013   Doc    The fundamentals have not  been completely put in place to support the RV long term.  We continue to  believe the HCl is one of the key remaining items.  We know its not completed  because the Kurds are still making noise about breaking off from Iraq.  If the  HCl was done to their satisfaction they would not be still threatening.  In fact  they are making noise about having the budget redone also.  This is why as we’ve  been reporting that the RV is not and was not in the budget.  [post 1 of  2….stay tuned]
3-11-2013   BOBGETZ6    I am beginning to think the  budget is not key. I think they can rv without it. The budget is just a number  which can be altered…numbers and conversion can be changed @ any time. How  easy would it be to change a rate on a spreadsheet.
3-11-2013   ******     jack lew is running the show trying to get us the rv signed off…let me say  this…how many want to go to the bank tomorrow.   things are in motion right  now.  we may see the announcement tonight or in the morning.  this is from my  number 2 source, number 1 source is not talking right now,  china source backs  this one up.
3-11-2013   Tlar   the budget just got done.  Its done and a  majority of the MP’s voted on it. The budget sets up the HCL as another major  piece of legislation that is now readily in sight.  The amount of revenue to be  shared by Kurdistan and the provinces is structured within the budget and  Kurdistan is now assured to receive its 17%. Article 140 still has some sticking  points but as a result of the budget,  it to has been minimized too and is now  achievable.   This budget was a milestone.  Although it does answer to every  parties needs, it does solve what were many of the outstanding issues between  the blocks.  [post 1 of 3….stay tuned]
3-11-2013   Shredd   The  possibility for the dinar to be traded exists but for it to be recognized by institutional investors is bigger than  that. Today, the activity in this space on any dinar-denominated debt is silent.  Why? Well, imo, for one, Iraq is not a member of the WTO. Also, the dinar being  managed is a huge part of it. For these reasons, investors are largely (but not entirely) staying away from  these trades.  [That being said…what  do we look for?]  imo, an exchange regime  that is fair…a market driven rate and  wto membership.
3-11-2013   Doc    The good news things are progressing.   Yes we know at a snails pace.  However, we continue to see pressure from the  international community, from within the GOI and from the citizens themselves to  speed things up.  Maliki  appears to be feeling the pressure but he has shown  signs before only to weasel his way out.  Do we think this will work its way out  – absolutely.  We simple see it taking time to neutralize Mailiki and for the  final pieces to be put into place.  We report, you decide
3-11-2013    Tlar    All of these I consider as positive signs that it is possible we will   finally see that elusive RV this year.  We know that May 22 is an important  date.  We have seen Maliki make some conciliatory moves to all the blocks.  We  know the bank is on the verge getting hooked up with the world.  Lastly we see  Maliki wanting to quickly get investment  in the country as he is finally pushing for a stronger dinar and the removal of  obstacles that have stood in the way of investors. If Iraq can finally get their  act together, and I believe they can, I’m holding to July 1st change in the  currency because it will be the first available slot that begins a new quarterly  accounting period that fits with where Iraq is at present.  I’m holding to that  date as a possibility.  Please don’t hold me to that date.  If it takes longer  to resolve the outstanding issues then it might still be October 1st or January  1st.  But I honestly think sooner than later.  Iraq is very close on all fronts  including Chapter VII.  It is mind boggling to me how just one major piece of  legislation can open so many doors.
3-11-2013   ******   [ I am hearing  that we should be in the banks tomorrow. I am waiting for a final update and xxx  is going to call me later. I will let you know as soon as I know. Everyone has  been told tonight and to be ready so everyone in our group is ready.  TYSVM !!  This is exciting tonight. Just 15 currencies is what I was told will be first but of course  the IQD will be first. No question.]  THAT WAS JUST SENT TO ME
3-12-2013   ******    THIS IS A GO AT ANY MOMENT…IS WHAT I HAVE BEEN ADVISED…TAKE IT AS  RUMOR.  KEEP IN MIND ONE OF THE SWEET THINGS I HAVE GOING IS I HAVE A SOURCE IN  CBI AND THEY WILL CALL ME.
3-12-2013   Poppy3   Seems Iraq leadership are  being quiet about what they are doing behind the scene’s. The articles from  Najafi, Barzani, SDAR and the demonstrators are all together about the removal  of Maliki. It also apeers and I was told that Parliment will continue to make  moves forward and will force Maliki’s hand on actions and they are not going to  to stop progress because of his actions. TIME WILL TELL but I like their new  attitude.  POPPY3
3-12-2013   Blaino    We are seeing some additional  indications late this afternoon from the bank where we get a lot of foreign  currency information. There remains a distinct possibility that something…May  break loose…Sooner rather than later, MEBBY.