Iraqi Dinar Guru opinions 11-20-16
Iraqi Dinar Guru opinions 11-20-16
11-20-2016 Newshound Guru mike Article: “Legal representative: five years for employees vacation will come into force immediately after the vote on the budget” More than likely, items like this are what’s causing a delay in the budget getting passed. The IMF has told Iraq to trim the fat and reduce government expenses but that means layoffs or, “vacations” for the regular working man in Iraq. This will…create additional friction between the government and the common man. Tariffs, terrorists and now layoffs.
11-20-2016 Intel Guru ADMINBILL INTERESTING INFO COMING IN THIS AFTERNOON [SATURDAY]. IF IT PLAYS OUT YOU WILL BE PLEASANTLY SURPRISED SOONER RATHER THAN LATER. YOU WILL KNOW IT WHEN, AND IF, IT HAPPENS. […we have heard soon a lot from intel providers… will it go before wed?] I HOPE SO BUT WE WON’T KNOW UNTIL THURSDAY!
11-20-2016 Newshound Guru Kaperoni Article: “Parliamentary Finance expects to vote on the 2017 budget later this month” Just to clarify, this has nothing to do with monetary policy. Despite year after year gurus stating a RV is in the budget. That is not how budgets work.
11-19-2016 Intel/Newshound Guru Mnt Goat Article: “CBI Decides to be a Letter of Guarantee” …the really big news is the change in the currency auctions to letters of credit. …it was announced they are doing it BY THE CBI. So do the currency auctions just go away? I don’t think they will entirely ever just go away but certainly they are no longer going to use them to the extent they did in the past to obtain USD to pay debtors outside Iraq. Folks, if true, this is HUGE, HUGE news of the week but maybe not the slant that you think. The elimination of the currency auctions replaced with letter of credit does not change the fact that merchants are still mandated under sanctions to use only US dollars to pay outside country debtors. Just a change in the process of how they obtain these dollars, that’s all.
11-19-2016 Intel/Newshound Guru Mnt Goat This change will cut down corruption and help bring the “Market” rate closer to the “CBI” rate of the dinar. Right now it is fluctuating beyond the mandated 2% +-. They need to stabilize the rate as much as they can prior to what is coming in early 2017…hint..hint… When they do use the Iraqi dinar to pay outside debtors then this will then mean the currency is then international, but not there yet. So changeover to mandate to using letters of guarantee still mean they are in closed economy under sanctions and not yet fully under Article 8 of IMF charter.
11-19-2016 Newshound Guru firefly Article: “Deletion of 3 Zeros Project will be Executed Very Soon: CBI Governor” Quote: “He also indicated that the Central Bank of Iraq has started working on this project and all the steps will be finalized at the end of this year.” …has started working on this project… What happened to Start? Interesting. [I would say the the Gov of the CBI is a credible source.] I agree. Yes. he is more than committed to completing the reforms! I believe the IMF and Alak has formed a special relationship.
11-19-2016 Newshound Guru rcookie …ONE OF THE BIGGEST ISSUES TOWARDS WTO ACCESSION IS HANDLING OF TRADE DISPUTES AND ARBITRATION PROCESS BETWEEN TRADE PARTNERS…AND WE JUST LEARNED THIS WEEK…THAT BAGHDAD WILL BE THE HOME & HOST OF THE ARAB REGIONAL ARBITRATION CENTER…WHERE TRADE DISPUTES WILL BE HEARD AND SETTLED AS WELL AS REGIONAL TRAINING CENTER FOR THE HUMAN RESOURCE TRAINING TOWARDS THESE ISSUES… HEADQUARTERED IN BAGHDAD! THINK THE WTO TOES ARENT CURLED WITH THAT…AND WHAT THAT SAYS ABOUT IRAQS REBRANDING AND MOVING AWAY FROM GENERATIONAL IMBEDDED CORRUPTION…AND ALL THE STATEMENTS ABOUT THEIR READINESS FOR ACCESSION… CONNECT THE DOTS AND THE PUZZLE PIECES COME TOGETHER… [They are further along then we know – IMO.] AGREED…AND THEY ARE QUITE FAR ALONG WITH WHAT IS PUBLIC AND ON RECORD.
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