Iraqi Dinar Guru opinions 5-5-16
Iraqi Dinar Guru opinions 5-5-16
5-5-2016 Newshound Guru Islandg1211 The statements about the IMF “concluding everything in May,” is not directly saying that the CBI will RV in May. There are three different things expected to happen in May between the IMF and the CBI. The statement is referring to concluding the agreements that started ten days ago with Jack Lew co-signing Iraq’s debt and getting them a better credit rating which would allow their international bonds to be issued at a lower than 11% interest rate down to about 4%. Another reference regarding the IMF “concluding everything in May” statement is the LOI plan for the first half of 2016, which includes the IMF’s review of each step of compliance. The IMF, under the terms of the LOI, has their last scheduled meeting for the end of May. The CBI may have to have that final review of their compliance to the LOI before they can RV. The article is simply saying that their LOI plan for the first half of 2016 will hold the final meeting scheduled under that plan end of May.
5-5-2016 Newshound Guru Islandg1211 Another article stated that the bank reforms were 98% complete as of a week ago. This could also imply that the banking restructure is expected to be complete in May. I hope this clarifies what different articles have stated about the IMF’s scheduled work with Iraq in the month of May. There are three different topics that are being referred to: Bonds, Banking Restructure, IMF last scheduled review of the LOI steps in their six-month plan. When Frank [Guru Frank26] mentioned …that the IMF stated that everything will be completed in May, and he implied and others are believing, that the IMF is stating that the CBI will RV in May, is not a literal interpretation of the three different IMF’s statements regarding May, but his opinion, IMO.
5-5-2016 Newshound Guru firefly Article qutoe: “The CBI confirmed its intention to remove the remaining exchange restrictions and the MCP, in line with Iraq’s objective of accepting Article III obligations.” Iraq’s objective of accepting Article III obligations. This is the IMF talking folks!
5-5-2016 Intel/Newshound Guru Poppy3 ABADI HAS GIVEN THEM CHANCE AFTER CHANCE TO DO THEIR JOB. HE HAS MORE PATIENCE THAN I EVER IMAGINED. QUESTION WHEN DOES THE PATIENCE RUN OUT WITH THE ONES STANDING AGAINST THE PEOPLE OR IS THIS ANOTHER PLOY FOR HIM TO WEED OUT OTHERS HE HASN’T BEEN CONVINCED ARE INVOLVED WITH THE CORRUPTION. MAYBE HE IS JUST BEING CAUTIOUS AND THOROUGH. TIME WILL TELL SOON…HE HAS TO ACT TO BE READY FOR THE NEW RATE DURING JUNE. I DON’T THINK THE IMF WAS JOKING AROUND WHEN THE SET THE TIME FOR REFORM TO BE IN PLACE.
5-5-2016 Newshound Guru Admin Bob Article quote: “the project to delete the zeros will be implemented in early 2017, noting that the bank” began to develop the first project steps. “he explained ” the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies.” I believe that has been the plan for some months. Remember you cannot delete zeros prior to raising the value. 2017 has been the goal for some time.
5-5-2016 Newshound/Intel Guru BGG [I have a question about…in regards to Abidi forming new ‘groups’ and ridding the old ones…could the RV take place during this long process of changing such a large formation of ‘government’?] I think that is accurate… RV could take place soon for a lot of reasons – once Abadi has a handle on things.
5-4-2016 Newshound Guru wmawhite Please…drop the term “RV” when referring to the IMF…the IMF has never, ever stated the term “RV”…that is something that came from us…not Iraq, not the CBI, not the IMF.
5-4-2016 Intel Guru Frank26 IMO…the LDs are in there homes now elec. and phsy.(electronically and physically).
5-4-2016 Newshound Guru wmawhite …think of all of the changes…that are about the banks…the banking in Iraq has changed dramatically over the past two years. If these changes had not happened, Iraq would never be able to conduct international commerce. Instead, they would have to continue on the dollar and never experience the true growth of Iraq.
5-4-2016 Intel Guru Jester NOW…THERE IS SOME INDICATIONS FROM THE PEEPS THAT HAVE BEEN GIVING ME TIME FRAMES THAT I HAVE BEEN TELLING YOU ALL ALONG THAT THERE ARE SOME THINGS HAPPENING TO BRING THIS THING TO A CLOSE…THE PLAN AS IT STANDS NOW IS UNDERWAY WITH AN OUTSIDE TIME FRAME OF LATE THIS YEAR… WE WILL SEE IF THAT COMES CLOSER… BUT I AM NOT READY TO PREDICT IT WILL EVEN THOUGH IS SEEMS THAT IS A POSSIBILITY…
5-4-2016 Intel Guru Jester SOMEWHERE IN THE PLAN AS IT STANDS NOW… THE MOVE WILL BE TAKEN TO IMPLEMENT THE THINGS THAT NEED TO BE COMPLETED TO MAKE IT GO THE WAY IT IS PLANNED… I AM TOLD I WILL KNOW WHEN THAT IS BUT I DO NOT HAVE ANYTHING SOLID RIGHT NOW…APPARENTLY THEY ARE TRYING TO GET THE PLAN IMPLEMENTED BUT THINGS CONTINUE TO ADJUST AS THEY GO ALONG… THERE ARE A LOT OF COUNTRIES INVOLVED…AND THEREFORE STILL A LOT OF MOVING PARTS..
5-4-2016 Intel Guru Frank26 The IMF said very clearly that in the first half of 2016 they will remove the exchange rate restrictions…why would the IMF make such a bold statement…and not do it…but the evidence says you are doing it…will remove the exchange rate restrictions…that is a program rate…with 5 ministers and Article 61…once you get everything set…holy cow.
5-4-2016 Newshound Guru firefly Remember…Jack Lew doesn’t go anywhere unless it involves money! And where was he last week? Iraq!!
5-4-2016 Newshound Guru OOTW Article quote: “…Sadr and his protesters will push Iraq’s political standoff a little closer to the brink, with potentially huge consequences for the country’s future…“It’s clearly a critical week in the way ahead for Iraq; no doubt about it…” IRAQ’S ISSUES GET DOWN TO A CONSTITUTIONAL CRISIS…AND IF THEY CANNOT GET ANYONE IN THE PARLIAMENT TO VOTE ON AUTHORIZING CHANGES… WELL…THE NEEDED AMENDMENTS ARE SIMPLY NOT GOING TO HAPPEN.
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