Iraqi Dinar Guru opinions 10-19-14

Iraqi Dinar Guru opinions 10-19-14

10-19-2014 Newshound Guru Millionday THE NEWS IS FANTASTIC…WE HAVE A DEFENSE MINISTER AND AN INTERIOR MINISTER…THE KURDS GOT WHAT THEY WANTED…NOW THEY ARE WAITING FOR THE KURDS TO GET TO WORK WITH THEIR POSITIONS IN THE MINISTRIES AND ALSO HAVE APPROVED THE BUDGET…YES THEY APPROVED THE BUDGET…IT IS NOT IN THE GAZETTE YET UNLESS THEY HAVE PLACED IT AND NOT REPORTED IT AS OF YET.

10-19-2014 Newshound Guru Millionday [is the RV reflected in the budget?] I DONT KNOW BUT WOULD EXPECT WITH THE DEBT AGREEMENTS AND ALSO THE CONTRACTS IT WOULD NEED TO BE AT A REALITY RATE FOR THAT TO BE DONE. [What will be their next step of accomplishment?] THEY WILL START DISTRIBUTION OF THE DINAR AND ALSO ACTIVATE ALL LAWS FOR MARKET ECONOMY. [When will they be passing and voting the HCL? And if it is passed and voted on, when will it be posted in the Gazette?] THEY ARE SUPPOSED TO HAVE IT IN PARLIAMENT AT SESSION AND IT IS PRINTED RIGHT AFTER.

Fact check, The Budget has NOT been approved yet, Zebari, the newly elected Finance minister stated that it is one of his priorities to settle the budget crisis, maybe they can agree in the next few days or even weeks. As you all can see, the “oil and gas law”, or “HCL” has not been passed either, the Oil minister is talking about a “new oil and gas law”, that proves that it has not been completed or passed, hopefully soon.

10-19-2014 Newshound/Intel Guru Arthur It should be extremely plain for all to see now that GOI + HCL = RV. For the very first time we now have the first half of our equation completed with the GOI now all working together as a unified Iraq. With Barzani and his delegation soon to be in Iraq for decisive action on the new HCL draft which will now be easily consented to by all of the newly inclusive blocs, we will finally have our long awaited end to all outstanding differences between the Kurdistan Regional Government and the Federal Government about the oil. Per committee member Kawa Mohammed: “The previous problems between the center and the region will now be resolved in accordance with the preparation of a new oil and gas (HCL),” adding that “the committee is formulating a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session.” This is what we have all waited what seems like a lifetime to see which should provide the international political and economic confidence necessary for the implementation of all monetary reforms which includes a reality market rate for the IQD.

10-19-2014 Intel Guru TD Noteworthy article from THE FINANCIAL TIMES proposes that “Iraq will “almost certainly” run a deficit in 2015″. It goes on to say that the GOI could borrow against it’s reserves but this would bring upon the risk of increased inflation and therefore weakening it’s currency. I had a chat with my Kurdish friend (an economist) regarding such and he confirms that the current budgetary concerns are real and possibly to get worse going forward. Although Iraq is receiving military assistance they are responsible for the tab of rebuilding their military. Unfortunately they are still losing military bases and along with it millions of dollars in ammunition and hardware. Coupled with loss of economic productivity is the declining price of oil.

10-19-2014 Intel Guru TD Although Iraq knows their path forward is a market driven economy and diversification from oil dependence, it is way too early amid the chaos of any infusion of foreign capital investments by MNC’s. Tourism is non existent. My friend indicates that the CBI (so far) has curtailed through monetary mechanisms any decline in the rate of the dinar BUT that budgetary pressures and continued lack of improvement of the disruptive forces of ISIS could and would yield to unbearable ripple effect pressures on monetary policy going into 2015 as the Financial Times article alludes to. At least in the short term it is quite clear based on all these factors that Iraq simply cannot risk nor pay for any increases in the value of it’s currency.

10-19-2014 Intel Guru Frank26 FOR THE FIRST TIME IN TWELVE YEARS WE HAVE A FULLY SEATED AND FUNCTIONING GOI. KURDS ARE ECSTATIC! THE FINANCE MINISTER IS THEIRS. AFTER THE 19TH, PARLIAMENT WILL HOLD ON MONDAY…AN UNUSUAL SESSION SO SAYS TODAYS ARTICLES. WHY? BECAUSE THE NEW FINANCE MINISTER SAID TODAY THE 2014 BUDGET WILL BE OPENED RIGHT AWAY. THE HCL TOO HAS BEEN DONE …ONLY NEEDED “SOMEONE” TO IMPLEMENT IT…BUT NO CAN IMPLEMENT IT WITHOUT A RATE. NOT SURE WHEN, BUT WE NEED TO SEE GOI MEET WITH CBI TO TELL THEM THEY HAVE THE LAWS CBI WANTS. THIS MOF [MINISTER OF FINANCE] WAS A BIG KEY TO TURN THEIR CURRENCY INTO SOMETHING OF WORTH …TO THE INTERNATIONAL WORLD! ITEAM JUST TOLD ME…THE ENVIRONMENT IN BAGHDAD IS AN AIR OF EXPECTATION AMONG THE CITIZENS OF IRAQ!!!

10-18-2014 Newshound Guru Kaperoni Article: “Mladenov welcomed the completion of the process of government formation” Quote: “The United Nations Mission said in a statement: “the Mladenov welcomes the filling of vacant posts in the Government and the ministries of Interior, defence, finance, culture, tourism and migration, women and the State and the post of Deputy Prime Minister and their oath.” Good to see the UN step up and comment right away in support!

10-18-2014 Intel/Newshound Guru Poppy3 OK WE GOT MINISTERS AND THEY ARE CONFIRMED. NEXT PROCESS IS TO IMPLEMENT FULL FINANCIAL REFORM PROCESS. THIS MEANS DRAW IN AND REMOVE ALL 3 ZERO NOTES IT ALSO MEANS TO ACCOMPLISH THIS THEY MUST ADD ENOUGH VALUE TO THE DINAR THAT PEOPLE WILL GAIN CONFIDENCE IN THEIR OWN CURRENCY AND START USING IT OVER THE USD. THEY HAVE BEEN REMOVING 3 ZERO NOTE FROM THE STREETS FOR A WHILE NOW BUT MILLIONS ARE STILL IN CIRCULATION AROUND THE WORLD SO THEY WILL NEED 24 TO 36 MONTHS BEFORE THEY STOP EXCHANGING THEM.

10-18-2014 Intel/Newshound Guru Poppy3 FROM WHERE WE ARE TODAY THE HURDLES ARE FEWER AND SMALLER THAN EVER BEFORE. THE BALL IS ROLLING DOWN HILL FOR US AT THIS POINT. THE SPEED AT WHICH THEY CAN GET THIS DONE HAS INCREASED AS WELL… THEY SAY THEY ARE GOING LIVE ON THE ISX IN JUST A FEW DAYS SO WE WILL BE ON ALERT EVERY MINUTE DAILY NOW AS THEY MOVE FORWARD. THEY HAVE RUN THEMSELVES OUT OF MONEY AND NEED THIS COMPLETED ASAP. TIME WILL TELL BUT MY EXPECTATION ARE HIGH THAT IT HAPPENS VERY QUICK.

10-18-2014 Newshound Guru Stryker FINALLY A FULL SEATED IRAQI GOVERNMENT. Our best chance in seeing the true value of the Iraqi Dinar is finally here. Today was the most historic day for Iraq under this new government headed up by Prime Minister Haider al-Abadi. It was just September 8th, a little over a month ago since Abadi and he’s new cabinet was voted in with confidence as the New Government of Iraq and today he has achieved the formation of the First Real Full Seated Iraq Government. Something Maliki never did accomplish, nor did he ever want too! …all five Kurdish Ministers were sworn in today as well, making today the most important and accomplished Parliament Session in the history of the New Republic of Iraq. With all ministers now sworn in this gives Iraq a real Government since the liberation of Iraq took place in 2003 and the formation of the new Iraqi Constitution October, 2005.

10-18-2014 Newshound Guru Stryker Parliament session has been lifted today to Monday the 22ed [Monday the 20th?], where we should start seeing movement on all the stalled laws including and not limited to the HCL, and the 2014 budget approval process. The Budget though should now be front and center in their upcoming agendas. We will as always, wait to see but it all sure looks good to be moved forward since the Federal Courts can not interfere anymore, it’s all up the this new government and parliament now. I for one have great confidence that they will do what needs done! As Iraqi dinar investors we have never been in a better spot, a true Iraqi democracy should mean a global Iraq, with a global valued dinar.

10-18-2014 Newshound Guru Bondlady …kurds, before swearing in today, went to the fed gov and wanted assurances they were gonna get their way if they joined the Abadi gov today. they wanted fed rulings on some of the laws in question as well as other Erbril points. the feds said we can’t do that yet as it hasn’t went thru the (basically) the chain of command yet…fed gov says until this is done our hands are tied. they also gave Abadi 24 hrs from yesterday to bring forth the remaining ministers for the vote to complete the new Abadi government. as we see going through the news this morning that’s exactly whats happened. the ministers was brought in and put to the 1st vote to seat them and then the huge laws will be put forward for their votes following the seating. …with the new Abadi gov all things that weren’t done before are all happening now and will soon see the biggest boom of all things taking place in Iraq…

10-18-2014 Newshound Guru tlm724 this is hot off the presses at Parliament “House of Representatives vote on the complete line-up. The House voted Directors held today Saturday, 18/10/2014, headed by Mr. Saleem al-Jubouri, head of the Council on the remaining ministries of government formation. The ministers sworn in the presence of 261 deputies. They are: 1.Mr. Rose Nuri Shaways / Deputy Prime Minister. 2. Mr. Mohammed Salem Ghaban / Minister of the Interior. 3.Mr. Khalid tired Obeidi / Defense. 4.Mr. Hoshyar Zebari / Minister of Finance…”

10-18-2014 Newshound Guru Millionday THEY HAVE MADE HUGE PROGRESS WITH SAFETY IN BAGHDAD. THE EXPO IS GOING ON SO IT CANT BE TOO SCARY OR INSECURE…– I KNOW IT ISNT IDEAL BUT SEEMS TO NOT STOP THE CONTRACT VISITS.

10-18-2014 Newshound Guru Aggiedad77 It is always really good to wake up to great news about our investment and it seems it is coming rather fast and furious these days…both the Interior and Defense Ministers were voted on in Parliament today and approved…the Kurd ministers were also sworn in…so a triple whammy of sorts…wonder what else this day might bring to us.

dinarguru