1-31-2014 Newshound Guru Enorrste

1-31-2014  Newshound Guru Enorrste    I read today that the CBI has stated that they plan to have the banking restructured in Iraq by the end of 2014.  This may be a hint that they are going to hold off until the end of the year with any major change in the exchange rate regime.  We can always hope that they will feel confident enough prior to the end of the year to get the ball rolling, but when I read the statement I got a queezy feeling in my stomach.  Patience, friends.  All we can do is wait.  At least we know for certain that our goal is "in the cards" and timing is now the only question.  Let's just be cautiously hopeful that the timing is sooner than the end of this year.

1-31-2014 Intel/Newshound Guru Poppy3

1-31-2014   Intel/Newshound Guru Poppy3    I AM VERY INTERESTED IN THE NEWS TODAY AND ESPECIALLY TOMORROW WHEN FULL PARLIAMENT MEETS AGAIN. GREAT PROGRESS IS BEING MADE AND I BELIEVE IMPLEMENTATION OF SOME OF THESE VOTES WILL BE ACCOMPLISHED VERY VERY SOON AND AS THEY START THEN WE CAN SEE VALUE CHANGE DURING THE PROCESS.  

1-31-2014 Newshound Guru Kaperoni

1-31-2014   Newshound Guru Kaperoni   Article:   "Budget until further notice .. The Finance Committee's objections reveal Kurdistan"    Well this is getting ugly.  Baghdad hired a law firm today to go after anyone who buys oil from Kurdistan.   These people need to solve this and move forward quickly.

1-31-2014 Newshound Guru tlm724

1-31-2014   Newshound Guru tlm724   let me show you what I found on parliaments site.   Quote:  "Chairman of the Finance Committee meets U.S. delegation January 30, 2014 Met with MP Haider al-Abadi Chairman of the Finance Committee on Wednesday, 29.01.2014 at his own office"   do you see that...the USA is there!  The meeting discussed the most important obstacles facing the process of voting on the draft budget law for 2014.   WE are there to make this all work, remember we NEED this done correctly!   Do you want it quickly and then sent back 15 times or do you want to wait a few days or weeks and have it done right including the HCL?

1-31-2014 Intel Guru DC

1-31-2014   Intel Guru DC   They are going back to the original plan, on the same timeline, and the plan is going back to where it was, which is the right and fair way to do it.

1-31-2014 Newshound Guru Millionday

1-31-2014   Newshound Guru Millionday   Article quote:   "there is an intention for the issuance of sovereign bonds after the adoption of a new budget law," pointing out "that the current law does not allow the Minister of Finance to issue sovereign bonds of the State of Iraq."   that is the CBI governor speaking so as we see -- after the budget and the regulations by the jan 31st date...they are getting everything ready to sell and buy foreign currency and sell bonds by the budget pass -- and the kurds are coming to it on thursday.   cbi has given the banks until jan 31st to get their reserves to 250 billion.

1-31-2014 Newshound Guru Adam Montana

1-31-2014   Newshound Guru Adam Montana    [IF THE VALUE OF OUR DOLLAR GOES DOWN (LET'S SAY TO $.75) AND THE RV IS ANNOUNCED AT A RATE OF (TO KEEP IT SIMPLE) 1 TO 1, THE ACTUAL VALUE WOULD BE  $.75 US TO 1 DINAR, RIGHT AND THEREFORE ONE MILLION DINAR WOULD BE WORTH $750,000. COULD THIS BE ONE REASON WHY YOU ARE STICKING TO YOUR $.10 TO $.86 PER DINAR OR SOMETHING CLOSE TO THAT?]  Unfortunately, the value of the dollar DOES affect everything and everyone in the entire financial world. I am sticking to my rate theory because it makes sense at almost any level other than a devalue of the USD proportionate to what Iraq faced... but that will never happen. The world simply won't let it, too many countries depend on the USD in too many ways to list.  Is it bad for us? Yes, of course. Everything involving higher debt, lower value of the USD, unpayable obligations... all of that is bad for 

1-31-2014 Newshound Guru Millionday

1-31-2014   Newshound Guru Millionday   understand this  - we are all invested in their market by holding dinars -- we invested in their currency and when the rate is better we will sell back the currencies.  they are stating that the market we are invested in is in the transition phase and is moving to a market economy so we can sell high... [do you feel it be a rv or a re-instate of their currency?]  either one will be a rate that we can all enjoy...we look back at the rate history and it is hard to find one that we would not like...no date yet...but we have regulation dates to be set by banks set at jan 31st.  [post 2 of 2]

1-31-2014 Newshound Guru Millionday

1-31-2014   Newshound Guru Millionday   Article quote:   "Iraq is seeking to become its market for securities increasingly important source of capital for national companies by broadening traded companies which put its shares for sale"     they are in massive promotion to get their stock market huge nationally.   they are saying that this is to move it to join the world --- in the move to transition to a market economy -- meaning driven by supply and demand -- for all on isx...this would include the dinar.  [post 1 of 2....stay tuned]

1-31-2014 Newshound Guru Adam Montana

 1-31-2014   Newshound Guru Adam Montana   [How close are they in signing the HCL and getting it taken care of. I know you have stated many times that you don't believe the RV will happen before the HCL is signed into law. Do you still think this way and are we getting close.]   I still feel that the HCL is vital to the success of an increased value in the Dinar, and they have been making steady progress - so I am hopeful to see more on that shortly. [What role is the Budget playing?]   In my opinion - none at all. With any major overhaul of the budget will come an equal overhaul of the budget.

1-31-2014 Intel/Newshound Guru Poppy3

1-31-2014   Intel/Newshound Guru Poppy3    all the news is positive and all forward movement.  they are taking action but they move at a snails pace. However as we all can see here lately and the summit and conferences the snail seem to be going down hill and moving some faster. I HOPE ALL ARE ENCOURAGED AND GETTING EXITED ABOUT THE INVESTMENT...IT WILL PROVE TO BE A GREAT CHOICE.  

1-31-2014 Newshound Guru Millionday

1-31-2014   Newshound Guru Millionday    they have reference to huge change coming from this budget to the citizens -- they are calling for no procrastination and also to implement the five year plan at the same time.  they are saying that Iraq is moving much faster than they should be expected to be with this budget because other countries in this position of complete transition have taken much much longer -- so this is saying they are impressed and they are in a huge hurry.  they will have it read and have it on the table thursday -- we should expect them to be working until it is done with this one, imo... so that means they are working tomorrow [Wednesday] and Thursday.  

1-31-2014 Intel Guru TD

1-31-2014   Intel Guru TD     Already overnight South Africa & Turkey raised rates unexpectedly and their currencies today are taking a hit. So is the Brazilian real & Argentine Peso. In months ahead as these mechanisms take hold worldwide , emerging market countries will also raise THEIR rates and their currencies will devalue vs. the dollar. As far as the IQD, it's already at a low rate BUT with these world market forces playing out there is NO WAY a sudden, dramatic upside increase is probable.   [post 2 of 2]

1-31-2014 Intel Guru TD

1-31-2014   Intel Guru TD   THE GCR IS HAPPENING ALRIGHT ---BUT in the opposite way people have been selling it. As the economy in the USA is showing signs of improvement, The Fed has a tapering agenda in play in months ahead. By raising interest rates other countries will also need to adjust their rates to protect capital flight from leaving their countries as investors look toward the US more favorably.   [post 1 of 2....stay tuned]

1-31-2014 Newshound Guru Millionday

1-31-2014   Newshound Guru Millionday    now Iraq has stated that they will effect the global economic condition and it has been referred to as the event -- so it would be a great time to set rates and begin trade -- it would also be a great time for other currencies to do the same imo.  i think it would be great time for an rv with the situation at hand with global economies and all the need for new economic options for trade.   the best part for Iraq is that they are the only country in the world that has not been effected by the global recession and downfall due to the fact that they have not had an internationally recognized currency.  so emerging for Iraq is more like waking up -- not emerging. [post 2 of 2]

1-31-2014 Newshound Guru Millionday

1-31-2014   Newshound Guru Millionday   china has stopped exchanging money and so has russia and also kurdistan for some time stated that they had no cash and then we have financial reports that say that the USD was printed and spread all over the globe and caused serious issues -- so there are economic issues that are coming about that cause inflation without some type of change in the global economic condition.  [post 1 of 2....stay tuned]

1-31-2014 Intel Guru BWM

1-31-2014   Intel Guru BWM   We are in a precarious position with the RV… not as far as it happening… but as far as timing goes. As things are shaping up, it appears that we may be in for a delay.  How long has yet to be discussed but if we don’t see anything by end of day Thursday I would expect at least a couple of weeks before we get any more real solid news for expectations. As it stands right now, it doesn’t look good for the week.  [post 1 of 2....stay tuned]

1-29-2014 Newshound/Intel Guru BGG

1-29-2014   Newshound/Intel Guru BGG    If it comes out low at say a dollar or less, I believe you would see the natural value of the dinar before to terribly much longer.  Am I saying it will RV tomorrow?  Could, you never know.  The reason I remotely believe this  is because Maliki got caught with his hand in the cookie jar and they might be able to apply enough pressure to him to get him to be cooperative with currency reform...that's the rumor.  We'll have to wait and see if this has any validity.  I'm hopeful about our near future and our investment.  Anybody that says that this is a scam is just kidding themselves.  Congress gets quarterly reports on this thing and there's evidence of that.  We have it in writing.   And, it's a currency of a country.   [post 2 of 2]

1-29-2014 Newshound/Intel Guru BGG

1-29-2014   Newshound/Intel Guru BGG   "Parliamentary Economic Committee Demands The Deletion Of The Zeroes"  This was a very interesting article from Bagdad News.  Parliament and the COM, which is the government of Iraq and the CBI are all separate entities.  It sounds like to me that Parliament has been ready for this for a long time.  I think if there was a regime change, Parliament would get their way sooner or later.  This whole thing revolves around politics.  When the politics are resolved one way or the other or enough pressure is applied politically, this is going to happen.  [post 1 of 2....stay tuned]

1-29-2014 Intel Guru DC

1-29-2014   Intel Guru DC   [via Adept1]   Nothing has really changed;  bottom line, when the administration is ready to do it, it will get done.   They got to a certain point last night, then cut it off again.  Many countries are getting together...urging the IMF to release it because they see the US is holding up the world for their political aims.  Iraq is not willing to  support the US any longer in this matter. There was a huge bank meeting and every single finger pointed to the UST saying they directed the banks to do all this.

1-29-2014 Newshound Guru Kaperoni

1-29-2014   Newshound Guru Kaperoni   Article:  "Specialists: oil resources have not invested in economic development"    In Sept 2012, after Shabibi was gone, it was decided that the current plan or strategy to move to a free market was not working.  They formed a committee of businessmen to participate along with the IIER [Iraqi Institute for Economic Reform]  to create a new transition plan.  That plan is working and moving them closer and closer.  We have seen several accomplishments over the last 6 months or so.  ...they need to get to Article VIII (freedom of movement of capital).  Though they have not accomplished the results we want...I cannot help but feel very optimistic that this group of experts/economists is aware and pushing them forward.

29-2014 Intel/Newshound Guru Poppy3

29-2014   Intel/Newshound Guru Poppy3    THEY ARE NOT GOING TO STICK THEIR HEADS IN THE SAND AND QUIT TILL AFTER A ELECTION. MALIKI KNOWS HE CAN'T WAIT MUCH LONGER AND USE HIS BIGGEST STICK AGAINST HIS OPPOSITION WHICH IS THE VALUE OF THE DINAR.   WOW WE ARE IN A GOOD PLACE.  [post 2 of 2]

1-29-2014 Intel/Newshound Guru Poppy3

1-29-2014   Intel/Newshound Guru Poppy3    KEEP IN MIND THEY HAVEN'T BEEN FIGHTING TO GET TO WHERE THEY ARE AS FAST AS POSSIBLE TO JUST STOP.  AT THIS POINT THEY ARE STILL PUSHING THROUGH THE PROBLEM IN SPITE OF MALIKI AND THE US ADMINISTRATION SUPPORTING HIM BEHIND THE SCENES. THEY SAY PUBLICLY THEY ARE NOT BUT THEIR ACTION SHOW THEY ARE. THE ONLY SUBJECT FRONT AND CENTER FOR MONTHS NOW HAS AND IS FINANCE, STOPPING INFLATION, GIVING BUYING POWER TO THE PEOPLE,  IMPLEMENTING THE TARIFF LAWS AND SETTLE THE MONEY PROBLEMS ON OIL TRADE WITH THE KURDS (MONEY, MONEY, MONEY) THEIR MAIN SUBJECT. [post 1 of 2....stay tuned]

1-29-2014 Newshound Guru Millionday

1-29-2014   Newshound Guru Millionday   we have the parliament working tomorrow [Tuesday]...the budget is on the table  - the agenda is very important that we have for tomorrow  - the banking act has been demanded by parliament to be in their hands tomorrow and of course we have the banking conference.

1-29-2014 Newshound Guru Kaperoni

1-29-2014   Newshound Guru Kaperoni   Article quotes:  “The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar..."  “the World Trade Organization were previously wary of government plans to support the Iraqi dinar, and elevate it to a value of U.S. dollar and the high differential cash between them,”  So,  based on these statement, they will never get accession to the WTO until the raise the value...however that may be.

1-29-2014 Intel/Newshound Guru Poppy3

1-29-2014   Intel/Newshound Guru Poppy3   I SUSPECT WITH THE ISSUE OF BONDS WILL BE THE RAISING OF THE VALUE. TIME WILL TELL. 

1-28-2014 Newshound/Intel Guru BGG

1-28-2014   Newshound/Intel Guru BGG   Article quote: The Governor of the Central Bank that "there is an intention for the issuance of sovereign bonds after the adoption of a new budget law,"   ...this Bond issue is at the core of what we are all interested in...we also have news out today that the bonds will likely get issued after the Budget Law which would also point (at least on the economic side) at some push to get the currency reform done soon.

1-29-2014 Newshound Guru tlm724

1-29-2014  Newshound Guru tlm724    I  believe that once the budget is passed, which by the way is a huge step towards economic reform, there are many "first's " in this years budget, we will see the issuance of the bonds, IMO!   IMO, Turki is getting the conditions just right for the issuance, period!

1-28-2014 Intel Guru Frank26

1-28-2014   Intel Guru Frank26   NOTHING outside of the CBI is relevant nor important to what You seek.  A new rate to replace the program rate for article 8 compliance of the IMF...Once we have that THEN look at how China is helped.   BTW, China is simply doing what the World Markets did last week.

1-28-2014 Intel/Newshound Guru Poppy3

1-28-2014   Intel/Newshound Guru Poppy3   I AM VERY ANXIOUS TO HEAR WHAT IS DONE TOMORROW DURING OR JUST AFTER THE BANKING SUMMIT BEING HELD IN THE MIDDLE EAST. THIS WEEK WILL REVEAL MORE DETAILS FOR SURE AND MAY EVEN PRODUCE A RV OR TWO. WE SHALL SEE IN THE COMING WEEK. 

1-28-2014 Newshound Guru Stryker

1-28-2014   Newshound Guru Stryker   If the 2014 Budget can make its way to parliament in full agreement with the Kurds and the provincial's $5 dollar per barrel demands they have a real shot at a sooner than later approval.  If the 2007 Oil & Gas Law would be implemented by the way of an oversight committee, we/they could just stand a chance of an upcoming reform in process. Stability requires implementation and not yearly bandages to the same old issues!  Now with all that, the Currency Reform moneys still need to be a part of the 2014 Budget if we/they are really to see Economic Reform this year and the issuance of the new lower currency, with less 3 zeros.

1-28-2014 Intel Guru TD

1-28-2014   Intel Guru TD    [How's it going in Iraq?]  Mixed bag of news I'm afraid. Few days ago the GOI was having success against militants but just yesterday a news article came out saying that "Fajullah had fallen to Al-Qaeda".  So Maliki is still struggling regaining control of certain provinces. The rift between Baghdad & Ankara (Turkey) is still on hold...They have to resolve issues concerning exports of petro through Kurdistan & legalized revenue sharing.  January 29th we will see some key political figures come back to work with the economic committee and parliament addressing in subsequent days matters of the budget and (I'm told) continued talks of the deletion of the zeros and proposals of when to implement.  [post 3 of 3]

1-28-2014 Intel Guru TD

1-28-2014   Intel Guru TD   As far as the currency market instability mentioned on Friday's business networks, particularly CNBC, it is true that recently some weakness has emerged but namely countries mentioned specifically were Turkey, Argentina, Russia & others but no reference about the IQD.   The 300 point decline in the Dow is only 2%, much of it profit taking and knee jerk reactions to rumors & news of the Feds tapering agenda coming up and nothing to be alarmed about.  [Is there any significance to the GCR?]  No, because the Global Reset of 200 nations simultaneously occurring is fable. It is quite possible for 3-4 nations to do some minor adjustments this Sunday but that's about it. The IQD will NOT be one of those countries.  [post 2 of 3....stay tuned]

1-28-2014 Intel Guru TD

1-28-2014   Intel Guru TD   [Can you comment on the latest Davos Summit, Recent news of currency market instability, the dow plunging 300 points and provide a synopsis on the Iraq situation?] Well, The Davos Summit is a world economic forum where yearly prominent business & political leaders meet and share ideas, build alliances and networking opportunities. It's important to note that they have no regulatory powers and while Iraq may be a venue of investment opportunity up for discussion, it really has nothing concrete to do with the IQD.  [post 1 of 3....stay tuned]

1-28-2014 Intel Guru Jester

1-28-2014   Intel Guru Jester     THE IQD VALUE IS ONLY WHAT THEY SET IT AT... AND THAT MEANS WHAT YOU ARE OFFERED IN THIS PRIVATE PLACEMENT AND THE PUBLIC IS SIMPLY A DIFFERENT PRIVATE PLACEMENT SO NO BIGGIE... REMEMBER THAT THE IQD IS NOT A TRADEABLE CURRENCY AND MOST LIKELY WILL NEVER BE... WHEN IT COMES BACK IT WILL BE IQN.   [post 3 of 3]

1-28-2014 Intel Guru Jester

1-28-2014   Intel Guru Jester     THIS VALUE THAT THE SOVEREIGN GOVERNMENTS HAS NEGOTIATED HAS BEEN MANIPULATED TO A VALUE IT WILL OFFER AT PRIVATE AND PUBLIC EXCHANGES...TO THE PUBLIC AT LARGE...IT INCLUDES BOTH IF YOU WILL LIKE TO GET PAID... THE PROCESS OF THE EXCHANGES IS BOTH PRIVATE AND PUBLIC... YOU ARE HEARING ALL OVER THE PLACE THAT THERE ARE SOME THAT ARE GETTING PAID WITH PRIVATE EXCHANGE... DO NOT ASSUME THIS IS A BAD THING AS SOME SAY OR THAT YOU ARE GETTING SCREWED BECAUSE OF IT... THAT IS NOT THE CASE...IT IS PART OF IT.  [post 2 of 3....stay tuned]

1-28-2014 Intel Guru Jester

1-28-2014   Intel Guru Jester   THE SOVEREIGN NATIONS HAVE BEEN WORKING TO SET THE VALUE OF THE IQD THEY OWN WITH IRAQ...THIS IS IMPORTANT...THE VALUE OF THE IQD IS NEGOTIATED ON A SOVEREIGN LEVEL BETWEEN NATIONS... THIS HAS NOTHING TO DO AND PLACES NO VALUE FOR THE PUBLIC AT LARGE...SO, AS PART OF THIS VALUE AGREED BETWEEN SOVEREIGN NATIONS... IT INCLUDES A VALUE THAT THE IQD COULD BE EXCHANGED FOR THE...WALLAH...IQN.  [post 1 of 3....stay tuned]

1-28-2014 Newshound Guru tlm724

1-28-2014   Newshound Guru tlm724     Article quote:   "mechanisms advancement sector money  where we meet the goal of reaching formula to contribute to the activation of the private sector and dealing with legislation that hinder the advancement of all his joints"   they are trying to get the laws right to enhance the private sector ie: private banks as the meeting will be organized during the next month, deals with attempts to enter Iraq to the World Trade Organization...the push in on, they are in the final turn!   Iraq has a great chance of getting in, I actually have no doubts about it, they said last month the were doing the final negations. 

1-28-2014 Newshound Guru Enorrste

1-28-2014   Newshound Guru Enorrste    What is most encouraging about this article, to me, is that it clearly states that the plan is in process...that the plan includes a move from a fixed rate regime to a flexible rate regime (i.e., no RV), and that there do not seem to be too many hurdles left to jump over prior to the "release date.".   

1-28-2014 Newshound Guru Enorrste

1-28-2014   Newshound Guru Enorrste    Definition of  Floating Exchange Rate:  A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a "fixed exchange rate" regime.   [post 2 of 3....stay tuned]

1-28-2014 Newshound Guru Enorrste

1-28-2014   Newshound Guru Enorrste   Report:   "The value of the Iraqi currency and structural economic imbalances"   Iraq has, for 10 years, been in a "fixed rate regime."   Definition of 'Fixed Exchange Rate:  A country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency (or the price of gold). The purpose of a fixed exchange rate system is to maintain a country's currency value within a very narrow band. Also known as pegged exchange rate.  The rate has been "fixed" at 1166 dinars per dollar (the "other currency") for many years now.     [post 1 of 3....stay tuned]

1-28-2014 Newshound Guru tlm724

1-28-2014   Newshound Guru tlm724   Article    "Central Bank decides "SEC gold bullion" to sell investors and segments of society"  sweet! revealing their monetary policy instruments...this diversification is part of the requirements of the IMF also, they have had liquidity in the past years with their high reserves but the IMF wants them to have other sources, this is a very positive sign of the CBI following international recommendations.  unencumbered high-quality liquid assets, thats the gold...the CBI is working on their Basel III compliance.  *hallelujah*