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Showing results for tags 'INCLUDING THE INVESTMENT LAW!'.
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CNN. Broadcasting From Sofa King During Their Annual Blue Couch Sale - How Low Are These Prices? 5-26-2015 Intel Guru Frank26 IMF said you have to do 2 things – raise the rate and pass those border taxes. Guess what? The CBI/GOI today ANNOUNCED they have 20 laws about to be released and it’s the tariff laws! All of this to get security. Do you see that MasterCard wanted to come into Iraq...still needs an international rate but they still issued the cards to the retirees living outside of Iraq. Position and posturing. Last year is the first time we didn’t see the GOI go on vacation in the summer. They are there working. It is permissible to work during Ramadan – it’s just rare. 5-26-2015 Intel Guru Delta It looks like the Parliament had a meeting with the leaders to pass 20 pending laws...they’re ready for voting. They’re going to accomplish this in the next 3 days. One of the most important is the investment law... The revaluation is to increase the rate and this law will help Iraq do that. Everyone knows that the CBI is coming out with the 50 and 100 dinar...still confusion that it’s a 50,000 and 100,000 but it’s not…it’s just the value. Abadi said this is what we need because we need the money supply, easier to carry around and something they don’t have to use like US dollars. It looks like the rate will change before they introduce the lower denominations and 24 - 48 hours we should see the lower denominations along with the 20 laws to pass this week and the activation for the private sectors we’ve been waiting for...the new rate is one of the anchors for the private sector and economy. 5-26-2015 Intel Guru Delta they’re ready to go, we’re very, very close and they have to keep moving...the banking system is ready and there’s a lot of pressure. The financial committee said JUST LIFT THE 000’S so you can move forward. I believe they’re waiting for the right timing. ...if they do it during Ramadan it’s going to be confusion, but if they do it a couple of weeks before, they’ll use the dinar and not shock the market. ...the longer they go without a RV, the longer it’ll be for the next window and they can’t do it until the mid-July or end of July... Can they wait, yes, but the longer they wait, the more issues they’ll have. the next window is from now to the first week in June...we know it’ll be 85-86 cents.
