Iraqi Dinar Guru opinions 11-29-16
Iraqi Dinar Guru opinions 11-29-16
11-29-2016 Intel/Newshound Guru Mnt Goat Article: “Abadi adviser (Saleh) calls for the establishment of a new bank to finance trade and private sector” This is amazing news! It is WOW news. …they are telling us the currency auctions {by the CBI} will end and be replaced by a separate bank that will handle international currencies. I quote from the article above – “to set up a new bank for trade finance” and “the trade must be regulated by the government, but without restriction”. …So what other currencies would they be so worried about in dealing with foreign remittences. Why would they need a separate bank just for this effort if they did not expect to be conducting trade with many other countries and converting many currencies of these countries? …The part about “without restriction” says it all. This means a free flow of monies during trade. Yes – this is needed if they are going to get out of their “closed” economy and open up an unrestricted trade with international countries. Folks this is just another tell-tell sign they are about to go international…WOW!
11-29-2016 Newshound Guru rcookie …ALAK….SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING…
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
11-29-2016 Intel Guru ADMINBILL ALL NEWS COMING IN IS POSITIVE. ACTIVITY AND REPORTS ARE POINTING TO THE FIRST PART OF DECEMBER. MY WINDOW REMAINS NOW THROUGH THE END OF JANUARY.
11-29-2016 Intel Guru Frank26 …the Budget. Will the budget they are working on come out with a new rate? IMO…no. Can it come out with a new rate? Oh yeah. Is the budget ready? Yes…because Abadi told you so a few days ago. What did he say in the article? That it was being postponed… The new rate will NOT come out from the new budget…but from the CBI…when they are good and ready. All of this comes from a “play-book” or plan. The budget will be in dinars. That is a VERY IMPORTANT FACTOR… If they have the new rate in it…they are not going to tell you about it. IMO – the budget will not wait for the new rate…it moves on. When the new rate is out…EVERYTHING can be easily converted to the new rate that they are working on with the MR.
11-29-2016 Newshound Guru rcookie Article: “Iraqi Kurdistan displays oil deliveries to Baghdad” Quote: “The President of Iraq’s Kurdistan Regional Government, Nechirvan Barzani, was ready source of oil delivered to the federal government in Baghdad, against the payment of salaries of employees of the province, to welcome the Iraqi Oil Ministry this step, which is a breakthrough in the list between Baghdad and Erbil oil crisis.” KURDS ARE TURNING OIL PRODUCTION OVER TO CENTRAL SO TO FACILITATE OIL AGREEMENT AND COMPLIANCE OF REGIONAL COMMITMENTS TO RECEIVE THEIR 17%…
11-28-2016 Intel Guru RayRen98 The Budget was going to be approved on Saturday, and now it’s been pushed to 1. December…along with reconciliation and the final piece on the liberation of Mosul. Everything is being piled up to be done by the first to meet IMF requirements. Iraq is ready to roll, in fact they have already been rolling… [Do you know if the new rate is expected to be inside the 2017 budget being voted on this week?] Yes…that’s why it’s important. The Budget should either state the rate or have indications of the rate.
11-28-2016 Newshound Guru hutch LOTS OF GREAT RECONCILIATION THINGS HAPPENING… WE ARE IN A GREAT PLACE RIGHT NOW!
11-28-2016 Intel/Newshound Guru Backdoc Article: “Oil Industry Anticipates Day of Reckoning” WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS’ ADJUSTMENT AND OIL WILL BEGIN ITS’ RIDE HIGHER! THIS IS A HUGE EVENT… THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT? NO! MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN’T THEY? MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED!
11-28-2016 Newshound/Intel Guru BGG While Maliki is of little importance to the current situation – as in economic reform… it is HUGE that he’s been gradually minimized over the last year or two. Culminating in this “Law of Popular Crowds” being passed JUST YESTERDAY…this “Law of the Popular Crowds” …IT IS VERY IMPORTANT…this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this – without Maliki being gone – NONE of this economic, political and monetary policy reform would be possible…Once Abadi took over – he’s had to chisel away at that “power base” a little at a time…
11-28-2016 Newshound/Intel Guru BGG …at this point – Maliki is likely a non-factor…In fact…a couple of days ago…Maliki was attacked by SHIAS during the “haj” to Karbala…In laymans terms – his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is “broad support” for this rooting out of corruption and cleaning things up…So – while Maliki has likely been an economic non-factor for a while now – he clearly once was… AND as recently as YESTERDAY the final issue may well have been settled…they are moving ahead economically and financially – monetary reform is about all kinds of other things.
11-28-2016 Intel/Newshound Guru Mnt Goat Todays’ news is very, very exciting. It tells us so much about the dynamics going on in the Iraqi govt and between the Kurdistan region. Also about all the drama going on with the 2017 budget and it is absolutely amazing! Last we knew they were supposed to take the final vote on Saturday 11/26. Did they? We see it did not come up for a final vote due to more needed changes or disagreements so it was stalled again. …we see pressure from Abadi to try to stop the delay. We see the pressure as they are down to the wire on getting the budget done. …for the very first time they have never been in such critical stage for their nation, economically and financially and much of the future progress hedges on the success of this budget.
11-28-2016 Intel Guru ADMINBILL CONTACTS REMAIN VERY OPTIMISTIC WITH SOME SAYING THIS WEEK. I AM STILL OF THE OPINION THAT OUR MOVING TARGET IS BETWEEN NOW AND THE END OF JANUARY.
11-28-2016 Newshound Guru Adam Montana …we are HEATING UP! I’m not even going to go into great detail about the current situation, it’s THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. ‘Nuff said: “Kurds request Baghdad and Erbil to commit Oil agreement” 3. World Bank to loan 4 billion DINARS next month. That’s NOTHING… without a change in the rate. Seriously not even worth the paperwork, much less a news story… WITHOUT A CHANGE IN THE RATE. Can you say “GO RV”? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I’m pretty sure some of you are finally starting to wake up to the fact that we are getting close…
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