Iraqi Dinar Guru opinions 10-27-14
Iraqi Dinar Guru opinions 10-27-14
10-27-2014 Newshound Guru Millionday THE ISX HAS BEEN CLOSED FOR A WEEK TO INSTALL X-STREAM FOR ITS ENTRY TO THE GLOBAL SYSTEM AS …THEY OPENED BACK UP AT THE IMPOSED RATE AND HAVE NOT RELEASED THE INTERNATIONAL MARKET RATES YET OR GONE GLOBAL — WHEN THEY GO GLOBAL IT WILL HAVE TO BE WITH A CALCULATED RATE OR PRICE FOR INTERNATIONAL TRADE OF THE DINAR AND ALL IMPORT/EXPORTS OR STOCK MARKET INVESTMENTS. THE SYSTEM CAME BACK UP SUCCESSFULLY AND IS RUNNING WITH NO REPORTED PROBLEMS. THIS IS A HUGE STEP FOR A MARKET ECONOMY AND GLOBAL TRADE AND ALSO CBI HAS STATED THEY ARE READY AND ARE JUST WAITING FOR THE TIMELINE.
10-27-2014 Newshound Guru Millionday THE PEOPLE THAT STATED IT WOULD RV TODAY — DID NOT KNOW IT ACTUALLY HAS TO GO GLOBAL BEFORE THAT IS A MUST. [so, what is next and is their an indication of when?] CBI IS INDEPENDENT AND IS READY – THE ISX IS HOOKED – WE HAVE A FULL GOI – AND MANY ARE HELPING IN THE WAR ON TERROR – …AS OF RECENT REPORTS THEY HAVE 75% OIL MARKET AND ARE WORKING ON ARTICLE 112 AND 113 – AND THAT CBI STATED THEY ARE WAITING ON THE TIME TO DO THIS – SO WE WILL WATCH AS THEY FINISH THEIR STEPS AS WE WERE TOLD THEY WERE ACTIVATING THIS IN STEPS PER THE ANNOUNCEMENT CBI.
10-27-2014 RUMOR Guru Mnt Goat Iraqi progress is moving forward very rapidly. Their efforts now seem to be focused mainly on three fronts. One is fighting ISIS, another is getting the necessary laws implemented that can create more stability thus support the security side. Lastly the other is a flood of news businesses and contractors now knocking at Iraq’s door. They are writing new contracts like crazy. These are contracts with international companies for reconstruction projects, new housing, tourism, transportation, goods and services. Where is all this money going to come from? Do I smell a currency revaluation in the air? Do they know something we don’t?
10-27-2014 RUMORGuru Mnt Goat It was interesting to hear of…three laws as their main target now. The first two, that of HCL and the Judicial reforms did not surprise me however the Law of the Parties did. This shows me just how serious the USA is on having Erbil (those 27 reforms) all completed prior to the USA letting any RV go. yes – the carrot is still dangling in front of Iraq and they know they need to move quickly. I also believe the USA and UN are fast tracking them and pushing them to get these laws implemented. My sources are telling me they are targeting now the end of October but personally if we don’t see some critical items this wee, then I am afraid to tell you that we could be looking at instead a mid November window for completion.
10-27-2014 RUMOR Guru Mnt Goat What are these items we need to look for? …they are the HCL, Articles 140 dispute removed, the Judicial Reforms laws, the Law of the Parties and lastly the infamous 2014 Budget. We are being told the revisions are done now for the budget law and they are expected to review it in parliament tomorrow [Tuesday]. …the RV holdup is not about just the budget, the HCl, the seating the parliament or council of ministers or any one singular event or law. It’s about putting an entirely new “functional” government together as a whole. It’s all coming soon and Iraq is working at warp speed to get it all done.
10-27-2014 Intel/Newshound Guru Poppy3 …WE SEE THE ISX DID NOT OPEN TO THE PUBLIC TODAY [SUNDAY] BUT TRADED IN COUNTRY AND CONTINUED TESTING THE SYSTEM. BE AWARE OF UP COMING ACTIONS AND A RATE RELEASE SO THEY CAN GO INTERNATIONAL AT SOME POINT HOPEFULLY DURING THIS WEEK. THEY ARE DESPERATE FOR CASH FLOW AND OUTSIDE INVESTMENTS IN THEIR COUNTRY AND INVESTORS ARE NOT COMING AT 1166 BUT THEY WILL COME WHEN THE DINAR IS WORTH MORE THAN THE DOLLAR.
10-27-2014 Intel/Newshound Guru tman23 No idea who makes the announcement or if announcement is as simple as an action of the government releasing the funds…BUT…If workers are to receive pay retroactive back to Jan 2014 as indicated by the Abadi government…and Ismail (CBI governor) as reported is in all meetings working on the State Budget…then logic would be the CoM meeting Tuesday and the Parliament waiting on deck over the 2014 Budget…AGAIN…all indicators point to November and 11/3 -11/4 being the timeline that we possibly get a real clue on the direction of their plans for monetary change.
10-26-2014 Intel/Newshound Guru Poppy3 OUR UST SET THEM UP AND COMPLETED ALL SOFTWARE INTEGRATION WITH THE WORLD BANK AND ALL INTERNATIONAL BANKING AND COMPLETED THIS ALL THE WAY BACK TO THIS APRIL AND NOW THEIR ISX HAS GONE LIVE WITH X-STREAM…WE HAVE NOT HAD A CONFIRMATION THAT THIS HAS BEEN COMPLETED. AS THE CONTACT STATED THEY EXPECT A RATE SOMETIME THIS WEEK. I AM HOPING AND PRAYING THEY ARE CORRECT AND THIS PROCESS WILL BE COMPLETED THIS WEEK. REMEMBER WE HAVE READ FOR WEEKS NOW THEY ARE DESPERATE FOR CASH FLOW AND RUSHING TO FINISH THIS IS SURELY IN OUR FAVOR.
10-26-2014 Intel/Newshound Guru tman23 ISX said they were closed for the duration to install the x stream platform and reopen on the 26th…They never said they would be “connected” to the international markets on the 26th…some people made the 26th topic of discussion…And there can be no one event before the other as it is all tied financially together…which means everything will roll at the same time.
10-26-2014 Newshound Guru Mailman17 THE ISX IS THE GLOBAL TRADING PLATFORM FOR IRAQ. THEY HAVE STATED THEY ARE READY TO TRADE INTERNATIONALLY. THEIR SYSTEM IS READY AND TIED INTO NASDAQ. HOWEVER, THEIR HANDS ARE TIED IF THE GOI DOES NOT GIVE THEM WHAT THEY NEED…A RATE AND RECOGNIZED INTERNATIONALLY. I CANNOT SEE THEM GOING LIVE UNTIL IRAQ GETS THEIR CRAP TOGETHER AND GETS THEIR PIECES IN PLACE. THE GOOD THING HERE IS, THE ISX WAS AND STATED THEY ARE READY ON THE 26TH…PERIOD. THEY MUST BE UNDER THE AUSPICE THAT IRAQ WOULD BE AS WELL. IF THEY DO NOT OPEN GLOBALLY ON THE 26TH AS PLANNED, I DO NOT SEE THIS IN A NEGATIVE WAY. THE MERE FACT THEY WENT PUBLIC WITH THAT DATE MEANS THEY WERE UNDER THE INFLUENCE THE RATE WOULD BE TOO. A DELAY ONLY MEANS WE ARE THAT CLOSE…AS IN DAYS…AND THE NEWS AS OF TODAY TELLS US THAT ALSO. BREATHE…AND WAIT…ALMOST HOME..JMO.
10-26-2014 Intel/Newshound Guru American Contractor The Central Bank of Iraq (CBI) has mentioned in several articles dating back to 2010 that they will print new Iraqi dinar currency. The CBI stated that they would introduce more denominations when they began to distribute the new currency. Also announced was that a 50k and a 100k Iraqi currency banknote would be introduced within the next two years. Recent bank articles have also reported that the new currency will start in 2015 and other articles state 2016. Currently, there are 40 trillion dinars in circulation. I have been told that the parliamentary economic committee is concerned as to how long it would take to eventually switch out the currency. The CBI would like a shorter term and the Iraqi parliament would like to see the five-year term. I will know more about the details of this in early 2015.
10-26-2014 Intel/Newshound Guru American Contractor In October 2003, the Coalition Provisional Authority (CPA) and the Iraqi government at the time wanted to completely remove the face of Saddam Hussein from the Iraqi dinar currency. The window of exchange for everyone inside Iraq was from October 15, 2003 up to and including January 15, 2004. The time frame for the currency exchange was stated to be only three months. It has never been six months like many…believe.
10-26-2014 Intel Guru Frank26 FROM A TRUSTED NEWS SOURCE IN THE M.E. EARLY THIS MORNING…THE GOI ADDED ANOTHER VERSE TO THIS MR [MONETARY REFORM] PROCESS…THE GOI IS EXPLAINING THAT THE 2014 BUDGET IS STUCK…IT NEEDS TO BE FIXED IN ORDER FOR THE 2015 BUDGET TO COME OUT CORRECTLY…THEY WILL HAVE TO RE- CALCULATE THE WHOLE BUDGET! INDEED…THEY ARE…JUST BEFORE THEY RELEASE A NEW RATE.
10-26-2014 Intel Guru Frank26 GOI IS EXPLAINING “THE FEDERAL DRAFT BUDGET LAW “. IT IS ABOUT TO BE USED TO FIX THE 2014 BUDGET THEY SAY…IN ORDER TO FINISH THE 2015 BUDGET! FOR THE…”VALUATION OF THE CURRENCY”. THE LAWS WERE NEEDED FIRST…THEN YOU WOULD SEE THE NEW RATE. THE GOI IS GIVING A TIME LINE…THERE ARE FOUR LAWS THEY WILL DEAL WITH TOMORROW AND THE FEDERAL DRAFT LAW IS ONE OF THEM!
10-26-2014 Intel Guru Frank26 FED LAW APPLIED TO IQD VIA GOI…24TH TO 26TH. DEFENSE AND INTERIOR MINISTER’S OPERATING EXPENSES ACTIVE…27TH. OPEN 2014 BUDGET…31ST. CBI CHANGES RATE ON THEIR WEBSITE…SEPARATION OF PRIVATE BANKS AND THEIR DISCRIMINATION ENDS WITH CREDIT GUARANTEES…31ST. THESE ARE NOT JUST NUMBERS…THEY ARE A VALUATION OF IRAQ’S CURRENCY BY THE APPROPRIATE LAW TO MAKE IT ACCEPTABLE WITHIN THEIR 2014 AND 2015 BUDGETS. OUR INVESTMENT DOES NOT GET ANY BETTER. THE RATE IS BECOMING MORE TRANSPARENT…
10-26-2014 Newshound Guru My Ladies NASDAQ IS CLOSED…THEY HAD NO ONE TO TRADE WITH TODAY…WE WILL SEE VERY SOON…THE FACT THEY CONFIRM THEY ARE RUNNING X-STREAM IS ENCOURAGING FOR ME…LET’S WAIT UNTIL NASDAQ OR FOREX OPENS AND SEE WHAT HAPPENS.
10-26-2014 Intel/Newshound Guru Backdoc JUST BECAUSE THEY ARE INTERNATIONALLY READY DOESNT MEAN THEY ARE TRADING INTERNATIONALLY YET. ONLY THAT THEY HAVE THE POTENTIAL TO BE. HOPEFULLY WE WONT BE WAITING TOO MUCH LONGER.
10-26-2014 Intel/Newshound Guru American Contractor It appears the Iraq Stock Exchange will be delayed on coming back online on Sunday, October 26. The delay is caused by software issues and the communications between banking institutions and brokers. The International Monetary Fund (IMF) still does not have an Article IV consultation because the Iraqi government failed to complete a 2014 budget. There is a danger of the Iraqi government borrowing from the Central bank reserves increasing inflation and devaluing the Iraqi dinar. The Iraqi government continues to operate their government without knowing how much they are spending and what they are taking in. The budget must be passed as it is still at a standstill.
10-26-2014 Intel/Newshound Guru American Contractor The Iraqi government has made a decision to fund the security forces and bypass industry projects for the remainder of the year. The Iraqi government will dip into the Central Bank currency reserves gold assets to fund government projects. The Central bank currency reserves are estimated at 74 billion dollars and 40 trillion Iraqi dinars in circulation. Iraq’s economic growth has been scaled back from the normal 9% growth to a 6.9% for the year 2014. Oil exports have also slowed especially in August with a 2.3 million barrels per day instead of 3 million barrels per day as everyone was expecting.
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