2-28-2014 Intel Guru Ray

2-28-2014   Intel Guru Ray   Here is an update on the Maliki news conference today. He told the people that they are giving the Kurds one last chance to sit down and vote on the Budget and if they don’t, Parliament will vote on the Budget sometime next week with a majority vote; Kurds or no Kurds.  He said that the government only has enough money left to pay salaries for another month to two months and that is it. After that, no more payroll payments or other government services will be paid. He said it is imperative that this Budget gets voted on as soon as possible so monies can be distributed as soon as possible.  I think this is great news and I really hope that Maliki sticks by his guns and gets this done once and for all. I will keep you posted on any other news I may hear. 

2-28-2014 Newshound Guru Kaperoni

2-28-2014   Newshound Guru Kaperoni    I wanted to...comment on an article...the one that talks about the US holding up monetary reforms?  I wanted to say..I agree 100% with Millionday.  She is correct.  There is no reporters name on that article nor is the source given. As well, there is no proof of anyone in the US that is interfering in Iraq's monetary policy, in fact just the opposite.  Several articles over the years from the US Embassy in Iraq encouraging them to move forward with currency reforms. In fact today, we have one...I also sent this article to 3 different people...All three said the same thing..which was that in essence...Iraq's economy is to small for the US to interfere, and more importantly hold Iraq back or keeping the dinar weak is of no benefit to the US. On the contrary, a strong dinar benefits not only Iraq, but the the US. So based on these opinions, and the article...I say whomever put this our was simply wrong or misinformed.  [See Millionday post 2-27-14]   

2-28-2014 Newshound Guru Adam Montana

2-28-2014   Newshound Guru Adam Montana     [It appears that Maliki is trying to pressure the Kurds to pass the budget in exchange for him to have a third term as PM.  Do you think this is likely?  If it IS, I think we are in BIG trouble!]  I don't think this means we are in trouble, but it doesn't surprise me at all. That's how these kids play!   

2-28-2014 Newshound Guru Aggiedad77

2-28-2014   Newshound Guru Aggiedad77   Article:  "Parliamentary Finance: It is not permitted to interfere in central bank policy"  Yesssss...someone within the government is finally waking up to the fact that they can't get their grimy corrupt hands on the money in the CBI...two different entities.   

2-28-2014 Newshound Guru Millionday

2-28-2014   Newshound Guru Millionday   Quote:  "A member of the Liberal block of the Sadrist movement Bahaa al-Araji, said he would present a request to the Federal Court to give its opinion on the problem of the financial budget for the current year of 2014."  there are reports out that state that the budget may not be done right away with the stunt of taking the salaries of the Kurdistan government -- the thing is that CBI does have the power at this point and always to set the exchange rates and we have been seeing the steps that we expect to see in that process.  they made the order yesterday to make the dinar the only acceptable currency within the country`s borders - if that call has been actually done that is huge.   

2-28-2014 Newshound Guru Millionday

2-28-2014   Newshound Guru Millionday   [Dont you think The banks need to move into conventional banking business and forget the auctions of the past?]   i do think they need to move forward with the entire package of bank reforms and according to what i am seeing with international compliance and the private banking steps -- they seem to be moving to just that.   they will be taking in the USD in the country if this is what they are doing with the dinar being the only currency -- we should be able to tell by the auction report  it would seem to me it would be an abnormal amount to look for.

2-28-2014 Newshound Guru Aggiedad77

2-28-2014   Newshound Guru Aggiedad77   Article:   "Because of the deficit .. warnings from the International Monetary Fund objection on the budget"   The IMF is still warning Iraq about issues they see with their 2014 budget especially as it deals with the potential deficit of $35 billion dollars...the World Bank is also sending up flags, stating that they may face serious economical and financial issues as a result...in reading this article....I had a revelation of sorts about these warnings that we have been reading about in the past couple of weeks....these have all been aimed at the GOI....not the CBI...I find that somewhat telling....they must still be pleased with the efforts of the CBI or there would be warnings to them as well....just some food for thought.

2-28-2014 Newshound Guru Adam Montana

2-28-2014   Newshound Guru Adam Montana   [are there any exactly specific steps to be made by either the CBI or the MOF or the GOI that we should be looking for that will tell us that progress is being made toward IQD International Tradability at a new rate?]   I'll go with HCL then an announcement by the CBI alerting everyone to the new rate.

2-28-2014 Newshound Guru Millionday

2-28-2014   Newshound Guru Millionday   there is report out that is an opinion piece about the US holding up the reform of Iraq`s currency  --  i want to address this.  one thing is an opinion is a statement given that has no proof or facts that can be verified.  this is a fact --- the US does not own or operate Iraq --- they have gained their independence and also the IMF is through compliance not voting.   this is a huge global event that has been called that in a huge number of countries as we have seen and will have a global effect...as it was stated in and by Iraq --- the Globe is depending on this to effect the economic condition so i see nothing anywhere that would give legal rights to or power to the US to hold up the Dinar.  

2-28-2014 Newshound Guru Aggiedad77

2-28-2014   Newshound Guru Aggiedad77   Parliament Agenda for 2-27-2014 -  I am not going to slug through the things listed on the agenda...but merely want to draw your attention to the fact that they have many laws in which they are reading/voting upon...but no budget as yet.

2-28-2014 Newshound Guru Kaperoni

2-28-2014   Newshound Guru Kaperoni     [could the GOI be waiting on a rate from the CBI and stalling until then?]  I think the CBI has been ready for a while. So IMO no.  [but the CBI controls the rate - you really think they're waiting on the GOI?]  it is clear that Maliki interferes in monetary policy.  I have statements, from the IMF, WB and even the US Embassy over the last year telling him to stay out of monetary policy.  [has the CBI done all it's supposed to? Like reaching that 2% & pulling enough 000 off the street?]  unlikely they are in compliance.  But IMO, compliance or the 2% can be done quickly within 30 days or less.  [so if they're not in compliance, how could they be ready?]  it depends on what your trying to achieve.  IMF Article VIII they need to be in compliance, to raise the value, they can do that anytime.

2-27-2014 Newshound Guru Adam Montana

2-27-2014   Newshound Guru Adam Montana   [With currencies in Turkey, Greece, EU in general, Argentina, South Africa losing their value and hyper inflation taking place, and now Ukraine going through Bank runs and civil unrest (brink of war...China economy showing signs of collapse.   Talk has been discussed of a Global Reset on all currencies.  I assume this would mean "all" currencies .   What view would these factors have on your thinking the IQD would be involved at the same occurrence...or would the IQD be independent of the imploding countries?]   Whenever I hear the term "global currency reset" I wince... half the stuff you will read on it is...conspiracy stuff, 25% of it is simply misinformed regurgitated confusion, and the other 25% is a mix of fruits and berries and maybe a little accurate information.  With that said...every country will always have a value unique to their political stability, assets, etc. Regardless of when or how or where any other country "resets" or "revalues" their currency, Iraq is not China, Ukraine, or any other country. Iraq's situation depends on Iraq's actions.

2-27-2014 Newshound Guru Millionday

2-27-2014   Newshound Guru Millionday   Quote:  "Called on the General Secretariat of the Council of Ministers and the Supreme Judicial Council, the ministries and departments not associated with the Ministry and the provincial councils and all not to enter any financial obligations in foreign currency amounts paid within Iraq and that commitment is performed exclusively in Iraqi dinars."    this is the call to make only the dinar the national currency in order to apply rates and reality, pricing etc -- move forward.  what this says is that the contracts will be able to be activated that have been written for Iraq and foreign contractors.  this is one of the steps they require to apply the rate change make the country use the dinar. [no more dual currency, a wto requirement.]   exactly.

2-27-2014 Newshound Guru Aggiedad77

2-27-2014   Newshound Guru Aggiedad77   Article:  "American Firms Line Up for Kurdistan, as Erbil Mulls US Ties"  A long list of American firms are reaching out into the Kurdistan region....this list includes name brand hotels, Pizza Hut, Cinnabon, and Ace Hardware...as prolific as this list may sound...though political relations between the Kurds and the US are strained at the moment...the Kurds do welcome US businesses into the region...and they are heavily active in the oil and gas sector as well as security and construction.

2-27-2014 Newshound Guru Adam Montana

2-27-2014   Newshound Guru Adam Montana    [My question is what is your Intel  telling you about RV, sometime this year? The reason I ask is because we are seeing the same thing regarding Iraq year after year and no RV.]  I disagree - we haven't seen "same thing year after year"! Chapter 7 has been released, we are seeing constant progress on the HCL, and so on!  When will it happen? Today, tomorrow or anytime after that.

-27-2014 Newshound Guru Adam Montana

-27-2014   Newshound Guru Adam Montana   [What is the main reason(s) the CBI is waitin' on to make their move to RV/RI the dinar in correlation to the HCL issues...and if it's not just the HCL what's your take on the issues involved.]   I'm leaning towards "mostly HCL". I think people start to lose sight of how important that is when as time goes on, but it is still probably THE most important factor right now. 

2-27-2014 Newshound Guru Kaperoni

2-27-2014   Newshound Guru Kaperoni   This could be for many reasons as we don’t know the intent.  It could be the US wants political stability?  Or they would not let the Iraqi's have value until the violence is under control?  we just dont know the motivations.  Or does Iraq want to LOP and the US is keeping them from doing so?  IMO, I would think its more in line with Iraq not meeting some conditions than anything else.  [post 2 of 2]

2-27-2014 Newshound Guru Kaperoni

2-27-2014   Newshound Guru Kaperoni   Article:   "Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser"   This is a huge article if its true.  What I am getting from this is that Iraq wants to reset (what do they mean by reset)  the dinar and the US is refusing to let that happen...and hence the new plan to "gradually appreciate" the dinar.   Could it be that the two sides to this currency issues ...is that Maliki is standing up for the US side?   [post 1 of 2....stay tuned]

2-27-2014 Newshound Guru Aggiedad77

2-27-2014   Newshound Guru Aggiedad77   I believe the CBI is talking again...indirectly...and maybe through some others...but they are talking and we should be paying attention and reading with purposeful intent...we have seen talk of monetary values down to the "fils" level in one article...Parliament MP admits they can't touch CBI funds.  There are even claims by the Iraqi's that their currency is being traded at US banks...are you kidding me...I'm thinking that this could very well be a slip of the tongue...and "OOPS" that signals some things to come very soon...

2-27-2014 Intel Guru Frank26

2-27-2014   Intel Guru Frank26   I do not know the rate...But I understand it and appreciate it like the breaths I take.   I do not know the date ...Yet know this date has arrived.

2-27-2014 Newshound Guru Millionday

2-27-2014   Newshound Guru Millionday    [so what is the timeline other than a WTO workshop in march?]   they are required to have the international rates set and also the currency has to be internationally recognized -- this requires the actual rate of their currency set to all foreign currencies...also we have seen cbi stating from their own words -- they have met with the bankers and they are raising the value and setting the rates -- they have announced that the are activating laws and regulations and that we are watching steps that include the workshop about the economic reform that has already occurred that lead to international banking.  [post 2 of 2]

2-27-2014 Newshound Guru Millionday

2-27-2014   Newshound Guru Millionday   Article quote:   "Director of the Department of Foreign Economic Relations at the Ministry Hashim Mohammed Hatem, said the ministry is working in collaboration with the U.S. mission to hold a workshop mid-March next team training Iraqi negotiator regarding accession to the World Trade Organization..."   i take it as it is a meeting with the US and Iraq with the WTO...this in mid march is the accession workshop -- i am excited about it due to the fact that they have met multiple times and have done huge training as well -- it gives us a timeline.  [post 1 of 2....stay tuned]

2-27-2014 Newshound Guru Kaperoni

2-27-2014   Newshound Guru Kaperoni    [What do you think about having the RV before elections? Is it still possible?]  anything is possible but that being said on television they say they will address the currency reform directly after the elections. The problem is there still remains conflict.   many MPs and economic experts want this currency reform done now and yet the Maliki and his people don't.  if they pass them laws in a basket, it may very well change the opinions of many.   [post 3 of 3]

2-27-2014 Newshound Guru Kaperoni

2-27-2014   Newshound Guru Kaperoni   Article quote:  "the Presidency of the Council of Representatives may tend to decide the continuation of the work of Parliament until next June 14 to approve the budget, instead of ending the age of 15 next March, after a legal expert to confirm the constitutionality of this procedure, and that mandatory vacation months begin when prescribed by law. "  ...they are going to extend parliament to June?   This is good news giving them more time to pass these critical economic/banking laws.  This could be an interesting power play  Since the elections are scheduled for April 30th.   [post 2 of 3....stay tuned]

2-27-2014 Newshound Guru Kaperoni

2-27-2014   Newshound Guru Kaperoni     Article quote:   "confirmed member of the Committee on the economy that the project is working to review the 2500 law and order or instruction economic, will be submitted to the Council of Ministers in the form of a single package of reforms, in order to approve a one-time allowance to provide every law on the unit and avoid political differences and speed in approval,"    a single package of reforms...the GOI is going to pass the economic laws in basket...good news for sure.   the funny thing is about 4 months ago some MPs said it was illegal to pass laws in a basket.  [post 1 of 3....stay tuned]

2-27-2014 Intel/Newshound Guru Poppy3

2-27-2014   Intel/Newshound Guru Poppy3    I THINK WE ARE IN A DAY BY DAY PERIOD AGAIN AND I STILL THINK MALIKI HAS TO RV AT LEAST 30 DAYS PRIOR TO ELECTION AND NOT A MINUTE LATER FOR HIM TO BENEFIT AND TODAY WOULD BE BETTER FOR HIM.  [When is the Election?]   IN APRIL ON APRIL 1, APRIL 15,  OR APRIL 30.   TAKE YOUR PICK.   ALL HAVE BEEN MENTIONED BUT DEFINITELY IN APRIL.  [post 2 of 2]

2-27-2014 Intel/Newshound Guru Poppy3

2-27-2014   Intel/Newshound Guru Poppy3    I HAVE HEARD THREE DIFFERENT DATES FOR THIS TO HAPPEN OR BE IMPLEMENTED BUT THEY HAVE BEEN MOVED THREE DIFFERENT TIMES ALREADY LIKE THE BONDS THAT WHERE SAID TO BE GOING TO GO ON SALE BACK DEC. 16TH THAT WAS MOVED TO JAN 1 AND STILL HAVEN'T BEEN RELEASED TO THE PUBLIC AS OF TODAY AND THERE IS EVEN TALK THEY WON'T BE TILL 2015.   I TOTALLY DO NOT THINK THEY WILL BE DELAYED THAT LONG.   [post 1 of 2....stay tuned]

2-26-2014 Newshound/Intel Guru Dinar Daddy

2-26-2014   Newshound/Intel Guru Dinar Daddy   According to my sources within Iraq, things are about to change within the next year.  Specifically what those changes are, I have learned not to share and speculate openly.  All who are still holding on to the dream of the Iraqi Dinar revaluing, of Iraq rising from the ashes, of a redenomination of the currency that will then open the door to an increase in the value of the IQD, should remain connected to information that will help them. I'm concerned too many have become apathetic due to careless people who've "cried wolf" one too many times in the past.   I'm not in the "rumor gathering and sharing" mode of following the Iraqi Dinar.    I'm in preparedness mode for what may come...do NOT disengage from being aware at this point in time.

2-26-2014 Newshound Guru Aggiedad77

2-26-2014   Newshound Guru Aggiedad77   Article:   "Parliament to raise its next Thursday"  Apparently there was a quorum on the Parliament floor today and a number of laws were read for the first and second times....but no budget bill was on the agenda....next session will be Thursday

2-26-2014 Newshound Guru Med

2-26-2014   Newshound Guru Med    NEXT WE HAVE NO FREE MARKET ECONOMY AND THEY STILL ARE NOT IN ARTICLE VIII  NOR HAVE THEY MOVED TOWARDS THE WTO.   THOSE ISSUES ABOVE  TO ME ARE SOME OF THE MOST IMPORTANT KEYS TO SUCCESS HERE.   I DONT EXPECT...THE CURRENT GOVERNMENT...TO EVER MOVE TO THE FREE MARKET AND THE REASON FOR THAT IS THEY WILL HAVE TO GIVE UP CONTROL OF THE OIL.    A FREE MARKET ECONOMY...THE IMF REQURIES THAT A GOVERNMENT ONLY CONTROL 49% OF THE REVENUE PRODUCING COMPANIES...IN '09 MALIKI REFUSED THEN ALSO.   [post 2 of 2]

2-26-2014 Newshound Guru Med

2-26-2014   Newshound Guru Med    I UNDERSTAND THAT EXPERTS ARE CALLING FOR THE DELETION OF ZERO'S STILL WHICH IS WHAT WE WANT.  I AM STILL WAITING TO SEE WHO TAKES CONTROL OF IRAQ FROM THE ELECTIONS.   THEN WE WILL HAVE TO REVIEW THE RESULTS AND DISCUSS THE DIRECTION THAT IT APPEARS IRAQ WILL MOVE TO.  WE STILL HAVE IN MY MIND SEVERAL ISSUES.   FIRST IS CORRUPTION.   [post 1 of 2....stay tuned]  

2-26-2014 Newshound Guru Tlar

2-26-2014   Newshound Guru Tlar    Maliki...ultimately is in a no win situation and he will become more desperate as each day goes by. I'm not ruling out anything at this point - that he won't do to stay in power. His colors were just exposed in the article that said he was holding the budget hostage until the Kurds knuckle under and support him for a third term. 

2-26-2014 Intel/Newshound Guru Poppy3

2-26-2014   Intel/Newshound Guru Poppy3   THE LD'S ARE PRINTED AND ARE IN PLACE TO BE USED ONCE MALIKI GETS READY TO WIN VOTERS OVER AT HIS BEST TIMING PRIOR TO THE ELECTIONS.   EVERYONE ELSE HAS BEEN READY FOR THE RELEASE AND INCREASE IN VALUE FOR WEEKS AND HAVE SAID SO MANY TIMES OVER THE LAST THREE WEEK AND EVEN BEFORE.  

2-26-2014 Newshound Guru tlm724

2-26-2014   Newshound Guru tlm724   Article:   "A proposal for the establishment of a supreme body concerned with bank"   Quote:  "The parliamentary Finance Committee has asked the prime minister to send the law to protect bank deposits to Parliament for discussion..."   this article is a repeat and this call for action is great to see!   They will IMO pass this law asap, its that important and they know it "being one of the important laws that encourage the process".

2-26-2014 Newshound Guru Aggiedad77

2-26-2014   Newshound Guru Aggiedad77   Article: "Barzani: We will not discuss the budget issues with Baghdad again"  Kurd PM Barzani has now stated that the Kurds will not be returning to Baghdad to negotiate.....this comes after Baghdad has enforced an economic stranglehold on the Kurds by withholding salary payments to the Kurd employees for Jan and Feb....Barzani states this must end before they will talk again.

2-26-2014 Newshound Guru Millionday

2-26-2014   Newshound Guru Millionday   Article:   "General Secretariat of the Council of Ministers calls on state institutions to implement financial Altzmadtha local currency"  Quote:  "...not to enter any financial obligations in foreign currency amounts paid within Iraq and that commitment is performed exclusively in Iraqi dinars."   This is setting regulations -- the first rate change will be in the current currency with added denoms.   they have reported that they are going to add a new currency after the fact and it was to be at the first part of 2014...it shows compliance being demanded as well...it appears they are moving forward with or without parliament.

2-25-2014 Newshound Guru Kaperoni

2-25-2014   Newshound Guru Kaperoni   Article:   "Confirmed that the move of the private sector will absorb unemployment rates for parliamentary Finance (Badr): New stability in the price of the dinar against the dollar"   ...clearly the IMF and Finance Committee (Abdul-Hussein al-Yasiri) are on the same page.  IMO there is no doubt that the IMF has been very transparent on the intentions of the dinar.   ...the  IMF Article IV consultation states...gradual appreciation based on the Balassa-Samuelson effect.  Here is the definition...“In 1964, academics Bela Balassa, a Hungarian economist, and Paul Samuelson, a Nobel-Laureate economist, independently observed that countries with higher levels of productivity growth experienced rapidly rising real wages and so appreciating real exchange rates."

2-25-2014 Newshound Guru Tlar

2-25-2014   Newshound Guru Tlar   Article:   "The specter of bankruptcy in the Kurdistan region threatens to declare austerity"    The Kurds need to stand their ground and not cave in to Maliki.  Maliki is trying to intimidate them into voting for him for a third term.  Blackmail pure and simple.  For sure they will attempt to hold the elections up if they don't get their way.  They are fearful that if they get knocked out of office, prosecutions will follow. 

2-25-2014 Newshound Guru Kaperoni

2-25-2014   Newshound Guru Kaperoni   Article:   "Parliamentary Finance: The government may have to borrow from the central bank to pay salaries next March"    The reality is the IMF, World Bank have warned them for the last few years that they need to get away from total oil dependency, and to cut spending.  Yet Maliki's GOI continues to increase spending and hiring of Iraqis' on the GOI payroll.  Some 70% of the budget is salaries, wages, etc...which soon will be a mess as they have no money to pay anyone (since the budget is not passed).  Though we may not like this, it may be what it takes to get these clowns to change their way of thinking and transition to a market economy. 

2-25-2014 Newshound Guru tlm724

2-25-2014   Newshound Guru tlm724    Iraq Is Positioning itself for a big move!!!   ...article posted by BondLady on June 5, 2012:   "Iraq is expected to become full member of WTO within two years June 5, 2012"   not only are they positioning themselves for the final push into the WTO they are also preparing to accept the requirements for Article VIII of the IMF!  they cannot go forward without the currency reform and...we are right up on that 2 year time frame mentioned above!!   it really is happening!   

2-25-2014 Intel/Newshound Guru Poppy3

2-25-2014   Intel/Newshound Guru Poppy3   MANY...BANKING LAWS WILL BE ACTIVATED UPON THE APPROVAL OF THE BUDGET AND IT APPEARS THE RV WILL BE VERY CLOSE TO ALL THESE LAWS BEING ACTIVATED.  [March looks promising?]  FEBRUARY ISN'T OVER YET...POSSIBLE ANYTIME FOR SURE.  

2-25-2014 Newshound Guru tlm724

2-25-2014   Newshound Guru tlm724   Article:  "Turkey: trade with Iraq exceeded 12 billion U.S. dollars in 2013 and 400 thousand Iraqis visited us recently"  the trade numbers being put out by all these different countries are astonishing and growing everyday !  Article quote:  "Strict measures to control the work of the customs police"   they are linking (electronically) to be able to control and account for all items going out and coming into the country, absolutely necessary...all part of WTO requirements.

2-25-2014 Newshound Guru Millionday

 2-25-2014   Newshound Guru Millionday   the reality rate and the reality of the economy is reliant on the rate being set to enter the globe --  the actual value of the prices and the price of the dinar -- the actual calculated rates.  the wto will be something they enter after they set the rates.   we watch the wto becuase it is a given to know that if they are declared active in march -- we have a clue from that --- that they are planning on that being done and preparation for entry to the globe being done and ready for trade.

2-25-2014 Newshound Guru Aggiedad77

2-25-2014   Newshound Guru Aggiedad77   From the Arabic side of the CBI this morning...a great news announcement...they continue to pull dinar into special accounts...just this week alone...slightly over 1.1 trillion dinar...Frank [Guru Frank26]...states...4 trillion in just 2 weeks...that is mucho dinar in such a short period of time...the CBI is talking...listen for them...watch for them.

2-25-2014 Newshound Guru Aggiedad77

2-25-2014   Newshound Guru Aggiedad77    Article:  "An urgent session of parliament to postpone next Tuesday for lack of quorum"  Ok, the Kurds didn't show up...the Coalition of United didn't show up...so there was no quorum for Sunday...wondering what makes this urgent...next session is Tuesday... 

2-25-2014 Newshound Guru Enorrste

2-25-2014   Newshound Guru Enorrste    I like it when two sides have the courage to step up against the government directly like this.  It means that SOMEONE is finally getting the courage to "tell it like it is" to Maliki.  This may have some meanings under the surface:  Maliki may be losing control and may not have a clear majority for the upcoming election.  Furthermore, it may be obvious.  After all, this argument from the parliament could have been presented months ago.  So why is it coming out now?  I suggest that there is political movement that is running against Maliki, and that people are getting more courageous because of it.  Whether it forces Maliki to move is, of course, another matter altogether.   [post 2 of 2