Iraqi Dinar Guru opinions 10-19-15
Iraqi Dinar Guru opinions 10-19-15
10-19-2015 Newshound Guru mike If I had a dollar for every article that talked about monetary and economic reform that was “just around the corner”, I wouldn’t need the dinar to increase in value, I’d be rich already. I can remember all the way back to 2012, when Shabibi attended the conference in London, that the articles and others thought Iraq was ready to initiate a change in the rate, why else would Shabibi go to London? Well, here we are, three years later and all Iraq’s done is back up, there’s been very little forward movement. What Iraq is lacking, in my opinion, is the political will to enact the great ideas that the world and many noted economists have suggested. I’m not down on the dinar, nor am I negative, I’m pragmatic about the progress of Iraq.
10-19-2015 Newshound Guru mike I’m going to watch and see what the Investment Law really has in it. One of the sticking points so far is about land ownership, many don’t want investors to actually own the land where they build their businesses…If Iraq actually crafts a law that protects and encourages outside investment, we’ll know they’re serious about attracting foreign capital, If not, I don’t think much will happen on this front. I know there are many who believe major investors are chomping at the bit to get into Iraq, but I just don’t buy it. I’m looking forward to the day when Iraq unites and does what’s best for themselves and their people, once I see that, progress should be just around the corner.
10-19-2015 Newshound Guru Aggiedad77 Article: “Parliament puts al-Maliki on the threshold of a dark tunnel refusing the resignation of Sinead” Parliament rejects the resignation of one member of Parliament that would have likely paved the way for Maliki to rejoin Parliament thus, at least in his mind, provided immunity to him for the crimes he is accused of concerning the fall of Mosul last year in June. This is a huge breath of fresh air from Parliament as a group to stand up and vote against such an action…
10-19-2015 Intel/Newshound Guru Poppy3 all the laws are positive but are not for immediate investments in iraq. THEY OPEN THE DOOR FOR FUTURE INVESTMENTS AND GROWTH OF THEIR ECONOMY. GETTING THESE OUT OF THE WAY DOES SHOW THE IMF / WORLD BANK AND UNITED NATIONS THEY ARE SERIOUSLY GETTING IN POSITION FOR BETTER CREDIT RATING AND BECOMING A FULL MEMBER OF THE WTO. THIS IS VERY ENCOURAGING…THE RATE HAS TO BE IN OUR NEAR FUTURE.
10-19-2015 Newshound Guru Enorrste …it seems clear to me that there are a large number of risk takers in the world who are chafing at the bit to get a chance to make some serious coin in Iraq. Only time will tell, and if [Guru] Mike is correct on one thing it is that time has past without a whole lot of change. [reference Guru mike 10-19-15] It is a gamble, to be sure, but it has a lot of advocates around the world. Unfortunately, as ISIS shows us, there are also those on the other side as well. Nothing has changed in terms of the plan, as I see it. What has changed is time and events. Had ISIS not exploded I personally think the float would have started some time ago. Add to that $40 oil prices and the situation is exacerbated to the point of a financial crisis for the country. What amazes me, and stimulates me, is the tenacity of the CBI in the face of these obstacles (not to mention corruption, Maliki, Parliament’s inaction, etc.). In the fact of all of this the CBI holds firm to its planned goals…
10-18-2015 Newshound Guru Enorrste Article quote: “An informed source said that the amendment of the paragraphs of the new investment law will give Iraq on a plate for Arab and foreign investor.” …allowing foreign investors to own land in Iraq is like offering up Iraq on a plate to those investors. However…the author of the article was not in favor of the move. I suspect, however, that Abadi is working assiduously to push this through Parliament and that he is confident that he has built the momentum to achieve that goal (otherwise why mention a vote on Monday?). Let’s wait and see. If it includes the ownership provision we could be off to the races, at least as a start. If we are lucky perhaps the CBI, working through Saleh to get to Abadi, will do the same thing on a Banking Law that they have apparently done on the Investment Law. Let’s keep our fingers crossed!
10-18-2015 Newshound Guru firefly [It feels things are speeding up the last 3 weeks…] Faster than ever! They have no choice. Watch for Sistani to talk. Remember Sistani word is law! Sistani also told us he going to be more involved in the political arena…HUGE! EVERYTHING Sistani has told Iraq to do, Abadi has done it! EVERYTHING.
10-18-2015 Newshound Guru Millionday Article quote: “…the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it…” [could they pass the law without activating it, and wait till they are ready to release everything at once?] YES THEY COULD BUT ALL THIS IS OBVIOUSLY FOR A PURPOSE — LOANS ETC — DEVELOPMENT. IMO THEY ARE NOT SITTING ON IT.
10-18-2015 Newshound Guru Aggiedad77 Article: “the Council of Ministers approved at its special session, on Sunday, the draft budget for fiscal 2016…” This is a GREAT thing to read today…the COM approving the budget for the year 2016…now hand this over to Parliament…and take heed of PM Abadi’s request to keep your political fingers off the budget and get this passed in the soonest route possible.
10-18-2015 Newshound/Intel Guru BGG …I feel we are at the door and how many times we were there..? with BRICS, CIPS and whatever else is out there…we are very close.