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Showing results for tags 'opinions.'.
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2-22-2020 Newshound Guru Jeff ...What this is is a reinstatement. The phrase "RV", that phrase "revaluation", all that was fabricated from this investment. That phrase never existed. "Rate change" existed but not "revaluation". This is a reinstatement. That means they have to bring back a former rate. I've studied the value of Iraq's rate through the last 100 years. The low side was about $2.80 and the high side was about $4.20. The point is they've never had a $1.00 rate to reinstate... Iraq 's currency was devalued from $3.22 in about 2004...(Note: The S-IQD had a much lower value than 3.22 by the time the conflict started; and Saddam was deposed in 2003...Ron) 2-22-2020 Newshound Guru Kaperoni ...nothing has happened politically in the last few months as of yet the new prime minister hasn't even been sworn in and his cabinet has not been voted on. In fact it has been scheduled for Monday but there are rumors that they won't even vote Monday, that many are now making a decision to not endorse the new prime minister and his cabinet. New protests are even anticipated. 2-22-2020 Intel Guru Frank26 ...this coming Monday...if we have a cabinet seated well then... 30 days later (which I think would be less) I really think that a new rate will be presented to the Prime Minister and his cabinet. -
2-19-2020 Intel Guru Delta Article: "Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies" VERY HUGE ARTICLE...THEY ARE READY TO DO BUSINESS NOW... 2-20-2020 Newshound Guru MilitiaMan From Guru Frank26: "Regular meetings now between CBI Board, IMF, AMF and UST." For them to be having meetings with those four should assure us that this is coming together so very well and orchestrated to be in synchronization with the new PM and his fresh independent cabinet even with the ISX to down to bank tellers. The four Global Enities would be the ones to give the guidance to the CBs, Private Banks and then down to the bank managers, as they will need to know what to teach the tellers. They'll need to know what to tell the citizens about the value and the longevity of the coexistence of the varied currencies they will hold for what ever period of time they decide. That is effectively end game for us when that happens. imo. 2-20-2020 Intel Guru Footforward [What are your thoughts...on what will happen next after he [Allawi] seats his Cabinet and it gets approved...] They will immediately get to work on the budget. This isn't holding up the RV. But it certainly doesn't hurt things one bit.
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2-12-2020 Newshound/Intel Guru Mnt Goat ...If you have been following the news from Iraq you should clearly see that they are “fast-tracking” the new government and also getting the 2020 budget amended and passed on to parliament. Why is all this occurring so fast? For one it is the pressure from the protestors. Second it is the threat of going back in to UN sanctions chapter VII. Already UN security forces are in Iraq...But this is all very good for us... 2-12-2020 Newshound Guru Kaperoni [The CBI has stated on several occasions that the deleting of zeros is two fold. Three zeros off the exchange rate and three zeros off the notes. 25000 note becomes a 25 note worth the same amount. No change in value.] If they delete the zeros it is a LOP. Parliament would have to approve. Luckily, they have postponed all such attempts so far. Hopeful for float and gradual appreciation. Remember also the IMF is also recommended that the CBI get off the peg and allow the currency to gradually appreciate. Go market economy! 2-11-2020 Newshound/Intel Guru Mnt Goat ...This reinstatement, would have and should have, already occurred by now. But we all know why it hasn’t…right? ...the Trump administration is working very hard, with and within Iraq, to clean up this Iranian mess. They will succeed...There is a plan and they are moving forward aggressively.
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2-11-2020 Newshound Guru Kaperoni People need to realize that even though the protests demanded change it substantially slowed progress. The new PM needs to be confirmed, a cabinet needs to be named and confirmed and parliament needs to get back passing legislation. Months of delays are expected.... 2-11-2020 Newshound/Intel Guru Mnt Goat ...Just where do we stand with this RV? I have to tell you the CBI is more than ready to go full force with the process of “deletion of the zeros”. They are just waiting for the new prime minister to get his cabinet in order and ratified in parliament...once the prime minister designate has “REAL” power (which comes when he forms his government and is ratified by parliament) he will begin the process of the reforms. He has already promised by a public statement that he would complete “ALL” the reforms demanded by the protesters. We know that one of them is to end the currency auctions and this one is a very high priority...we could not be in a better position to see the RV sometime within the next couple months. But I bet sooner than later…lol...NO! – we do not need to wait years for a robust economy, as many gurus tell you... 2-11-2020 Newshound Guru Kaperoni [via Zig] ... "Anybody who researches this investment will know the IMF is the trustee of the CBI. They took control in 2015. Therefore, and it is already been proven that the CBI does with the IMF tells them to do. So one only has to go read the Article IV consultation from a few years ago when Shabibi was preparing to transition. It is plan [plain ?] as day... 14. The de facto fixed exchange rate (that means peg) has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy (they are talking about a float). Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low...It does not get any clearer than this direct from the IMF. Not only is this the plan but this conforms to monetary policy..." 2-11-2020 Intel Guru Frank26 ...IMO Dr. Shabibi is very aware of what is happening and what's about to happen and because of what may happen he is in constant consultation with the Fab 4...the Fab 4...the IMF, World Bank, U.S. Treasury, and the President of the United States of America... 2-11-2020 Newshound Guru Kaperoni If the CBI decides go to a new exchange rate regime and gets off the peg and begins to gradually appreciate the dinar via a float, any change in denominations would occur at a similar pace to the appreciation. No announcement or schedule is needed. 2-11-2020 Newshound Guru Jeff ...Can it [the rate change] only happen on a Sunday? ...yes. and the reason why, remember Kuwait did theirs on a Sunday morning. This is not just a small rate change. Small rate changes can happen any day of the week. This is a massive jumbo rate change. The reason why it has to happen on a Sunday morning is because it has to happen when all financial markets around the world are closed to control and reduce market volatility because with that size of a rate change being so massive it would...cause tremendous volatility within the financial markets around the world. They don't want that...it's easier for them to do it after hours when markets around the world are closed...
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2-8-2020 Newshound Guru Breitling ...what Iraq needs from their budget - how much they make and how much they need - they talk about getting to a billion notes to get to $1.17 and up. At a minimum they need about .53 cents. That's based on their information. Even though I'm speculating that's the best math I can come up with based on what they need. They need about .53 cents. That does not mean that's what they will come out at... 2-8-2020 Newshound/Intel Guru Francis Albert Obviously...[Guru] Kaperoni is throwing the baby out with the bath water. I also don't believe any sensible person believes the Iraqi Dinar is going to go from .00086 to $3.50 overnight. (This is what most believe an RV will be)...What Kap doesn't see, is the forest for the trees. It is obvious to anyone paying attention to the news and three reliable sources that I know of: (The Goat, Frank and Adam Montana) Iraq is going to take their currency international and take off the program rate instilled by the IMF, U.N., etc...So, a hit from program rate to something like .86 popping on Forex overnight, (my prediction), is very possible and doable...of course it will "float". All currencies are pegged to the dollar and go up and down as people buy them...And, Kaperoni is right..! Who knows how long it will take for it to go up from the initial hit? I think a few months can get us to an "interesting" number. But, hey, .86 is pretty darn interesting, but I wouldn't sell at this price. That's my .86 worth today, for what it is worth. There ya go - boys & girls...two interesting opinions...we shall see - hopefully soon...!
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2-7-2020 Newshound Guru Mnt Goat What does the CBI need? The CBI needs political stability and for the protestors to go home. Allawi is desperately trying to gain their confidence but we know he will have to eventually put out or shut up...he will have to produce something meaningful for the citizens. This is probably going to be the HCL stipends. This is my guess. What do we know about these stipends? 1) Over two months now an agreement has been made to actually begin the payout of these stipends...the referendum has already been written and passed through the parliament in 2018. Like other legislation it just sits on someone’s desk and never gets implemented. Now they agreed to implement it to help in this situation...(post 1 of 2)... 2-7-2020 Newshound Guru Mnt Goat 2) Remember they must go at least 1:1 in rate if they pay out the stipends and this would mean the project to delete the zeros would be necessary. My take on all this is this is what will finally trigger the RV. This would also lead to the reinstatement. We know the banks have already exchanged three zero notes for the smaller category notes and have ample supplies to go ahead now. This happened over this past year. So they are ready for something. The CBI would not be doing all this is nothing was being planned. So, this is all VERY GOOD news for us...I am told this is coming in “the coming days”. However days always seem to miraculously turn into months somehow…lol...(post 2 of 2])... 2-7-2020 Intel Guru MarkZ [Q? : Do you think Iraq will move to a new fiscal year to match Kuwait?] I do…I believe Kuwait's fiscal year starts on April 1st. It makes sense for them to have the same fiscal year as everyone around them. 2-7-2020 Newshound Guru Vital Brad ...[CBI] they have the rate of the Iraqi dinar still listed - 1190 for just 1 US dollar...I bring up rate because what we're looking for as Iraqi dinar holders is we want that number to get smaller. Which means 1 US dollar can get LESS Iraqi dinar...So that means it's gonna take less of our Iraqi dinar to get 1 dollar. So we keep watching that number. I want it to continue to go down...
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2-6-2020 Newshound/Intel Guru Mnt Goat Article: "IRAQ BUSINESS NEWS: SERIOUS QUESTIONS ON THE APPRECIATION OF IRAQI DINAR" Quote: "...the “independence” of the CBI was compromised in negotiating and signing a ‘Stand-By Agreement’ with the IMF in late 2005." This refers to the first stand-by-agreement in 2005. We need to tie this in what happened in 2011-2018 and then into 2019 and how the independence of the CBI was compromised. So please don’t anyone tell me the CBI can reinstate anytime it wants to. This is NOT true. The CBI needs the permission and full support of the GOI which included the prime ministers cabinet and parliament. Now we see they also need the permission of the IMF... 2-6-2020 Intel Guru BobTheTaxMan Question "Is dinar attached to a social security number -Is there anything special that needs to be done to exchange it?" No. The only reason why they ask for social security number is because of the intensifying of the rules and regulations chasing down terrorists. It just verifies you're a real person when you buy it. And that's its whole purpose. You'll see people selling dinar on eBay or Craig's List there's no social security number associated with any of that stuff. When they go to cash it in...they are not going to care where it came from. So don't worry about that. The only purpose in people asking for that social security number was for the dealerships so they could satisfy some of the IRS standards that are now in place. That's it. [Consult with your financial professional at the appropriate time.]
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2-3-2020 Newshound/Intel Guru BGG [reference sandyf post 2-2-2020] We have published the facts (with News based sources) regarding this scenario for a long time. Regarding the IQD, the correct terminology is “A CHANGE IN VALUE – or APPRECIATION”, particularly when the IQD is referred to (almost universally) as GROSSLY UNDERVALUED.
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1-31-20 20 Intel Guru Frank26 ...IMO when they give you the Prime Minister somewhere in that ballpark range of 30 days I believe they are going to release the new rate and new small category notes...the prime minister that the citizens want will be granted to them IMO by the United States of America at a specific time where that time-frame we believe they will release the new rate and the new currency... 1-31-2020 Intel Guru AdminBill [via PDK] THERE IS EVERY REASON TO BELIEVE THAT FEBRUARY WILL BE A GOOD MONTH FOR CURRENCY HOLDERS... ********
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1-30-2020 Newshound Guru Jeff ...What is the deficit? They told us in the news it's simply the reforms which is the number one thing the demonstrators are requesting and seeking...the demonstrators want the reforms. The reforms are the deficit within the budget. That's post rate change...you have a lot of post rate change steps in the 2020 budget proving to you that the 2020 budget is married to the rate change and can only happen after the rate has changed. That's why they're delaying this 2020 budget. They said they're delaying the budget due to the formation of the government but that's a complete lie...they're trying to use formation of the government as an excuse or scapegoat...they can't tell you everything...in reality they can't approve the budget until after the rate change... 1-30-2020 Intel Guru Frank26 ...Allaq IMO was scheduled by the CBI to announce to the citizens the new category notes, the descriptions of them, the exchange rate, the reason for the removal of the 3 zeros, everything. But every weekend there seems to be something that stops it. IMO right now the CBI is huddling up with all its banks. And everything Allaq was about to release is what they are reviewing and going over. They know everything they want to do. Ironically the only thing they don't know is a date.
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1-28-2020 Newshound/Intel Guru Mnt Goat ...Why is Iran making all this trouble via their militias? They are doing it because they know their days are numbered and it is their last desperate attempt to remain in politics and have influence in Iraq. Basically, they want to control Iraq. They want to make Iraq a puppet state of Tehran. ...These Iranian militias have to be dealt with or we will never see peace in Iraq and never get the stability we need for an RV...The dream of a prosperous and abundant Iraq will never happen. 1-28-2020 Newshound Guru Kaperoni An interesting opinion piece came out a few weeks ago discussing what would happen if the US left Iraq. What caught my attention was the reference to floating the currency. Why would this be a topic unless this was the plan?
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1-24-2020 Newshound/Intel Guru BGG Article: " Al-Khalidi calls Saleh to assign Allawi to form a government and refuse to give in and dictate" Quote: "Member of Parliament Muhammad Al-Khalidi called on President of the Republic Barham Salih to win the masses and not to bow to pressure and dictates by assigning Muhammad Tawfiq Allawi to form a government and leaving the final choice to the people’s representatives." I’m not sure I agree with the premise here. Kahlidi is basically telling Saleh to assign Allawi to be the PM and let the Parliament vote yea or nay on his government… but we shall see. I have the idea Saleh wants to find a candidate the protesters can get behind. 1-24-2020 Newshound Guru chattels There are no credible reports of the budget having been approved by Parliament. At last report the budget law had not been delivered to Parliament. Good Morning Everyone...have a Blessed day...and a pleasant weekend ahead..! RON
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12-3-2019 Newshound Guru Breitling ...If you look at it in chronological order of what we've been watching, it's such a beautiful thing! You should be very very happy. It's a reality. It's a huge huge pressure cooker for Iraq right now. So watch the conversations about the budgets. Watch what they're talking about...when is the exact date of when it's gonna happen? It doesn't matter...they can't depend on that $56 per barrel budget and whatever value they're gonna add to the currency. In other words they're gonna be forced to do it if they take too long...that's not my opinion. That's the language they're throwing out there...I couldn't be more excited...It's a great position to be in. It's fun to watch. 12-3-2019 Newshound Guru Jeff Article: "Next Year's budget...sent to the House of Representatives within days and its deficit up to 40 trillion dinar" ...budgets will never contain a rate. The budgets are calculated against the value of a currency but they don't contain a rate. With Iraq their budgets are always calculated with trillions of dinars at today's value. Once the rate changes the budget has an internal rider built in and the budget will automatically convert and be calculated from trillions of dinar to billions of dinar. Again, they do not contain a rate... 12-3-2019 Intel Guru Frank26 ...the CBI says no more loans for 1 month. From December 2nd to January 2nd...IMO no more loans because the rate of the Iraqi Dinar will soon change...IMO it also is an accounting move...what they don't want is anything else on their books before the end of the year...
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11-8-2019 Newshound Guru Jeff …Parliament literally is not holding sessions and getting anything credible done because the things they need to do they can’t do until after the rate change…the current facts are telling us that at least right now the next thing we’re looking to see is the completion of the 2020 budget…my personal opinion that shortly after they finish the 2020 budget it’s game over. And the news is showing we probably don’t have anything else to wait for after they complete the 2020 budget. I firmly believe based on the current facts that that will be the last step before they indeed change the rate… 11-8-2019 Newshound Guru Vital Brad (Q? : …some people are saying that, If we bought the currency at a Currency Dealer vs. got it at a Bank that one of them is not gonna be accepted.) The currency, if you have valid currency, it was run through a De La Rue machine. This is a specific machine and it can be verified if it’s authentic…there’s no way to differentiate whether you got it at the bank or whether you got it at a currency dealer...I think at some point in time the currency is gonna be reinstated… 11-8-2019 Newshound Guru MilitiaMan I feel there is still good reason to be very optimistic about a window we may be in...we have been told that the receipts of waiting have been issued, they have time lines with them. We have heard that the delivery of smalls has been done to date. ...The demonstrations have triggered the GOI to get the lead out... They extended the Baghdad Fair for ten days. Well that ten days is up on the 11th...Since we haven't seen another postponement yet in regard to that fair, I am assuming ("") that they have every intention on going forward with it...So, if they do have the Fair, it would seem that the final end of the reforms being an international rate has to be in the bag by now...(post 1 of 2)... 11-8-2019 Newshound Guru MilitiaMan They have been in sessions working on that very topic and again they speak of the 2020 budget being for the citizens and their demands. Those items are slated from now through this weekend...So, lets see how this next 24-72 hours plays out. My best view is they are still right on track with completion of reforms. ...A successful fair will set the stage!! The tools they have in the quiver to create success is the rate change!...(post 2 of 2)...
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7-16-2019 Newshound Guru Kaperoni The guru's like to constantly state an increase in the value of the dinar will be some random overnight act. That will never happen. If the Iraqi dinar increases in value it will be based on sound monetary policy and the world's participation in rebuilding the country. SAP, very significant IT company is now in Iraq and expects Iraq's GDP to grow to 8.1% in 2020. That is huge and three times the current GDP. We can only hope they are correct. 7-16-2019 Newshound Guru Whitelions Did you see the cbi gave orders on what to do with the dollar when they come into the banks? They want dinar given in change...they are fighting...to get the dollar off the Street's.
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5-8-2019 Intel Guru Eagleone2025 RUSSIA IS MOVING ITS WAR SHIPS INTO THE MIDDLE EAST B-52 ON STAND BY. ALL MILITARY TEAMS ARE IN PLACE IN MIDDLE EAST THERE IS STILL A LOT OF NAVAL FORCE MOVEMENT. THIS IS THE PERFECT STORM FOR THE RV. REMEMBER THIS IS JUST A PROCESS THE INTEL IS VERY SLOW THIS MORNING. MILITARY OPERATION ARE IN THE WORKS. THERE IS A LOT OF MOVEMENT… WHITE HOUSE DEAL ARE LOOKING VERY GOOD ….CHINA AND TRUMP ARE A LOT AHEAD THEN THE NEWS STATES. DEALS ARE BEING DONE. BANK MEETINGS ARE GOING ON …. HSBC AND TREASURY OFFICIALS ARE WORKING OUT PROCESS TODAY.... MEETING INTO THIS EVENING. SIT TIGHT. 5-7-2019 Newshound Guru MilitiaMan Article (5/07/19): "URGENT Pompeo arrives in Baghdad to meet Abdul-Mahdi and Foreign Minister" With this now urgent article showing Pompeo in Iraq for a short and sweet visit, fits the bill imo..!
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5-6-2019 Newshound/Intel Guru Mnt Goat Article quote: "... the UNIFICATION OF THE DOLLAR EXCHANGE RATE IS THE ONLY SOLUTION TO ELIMINATE THE AUCTION CURRENCY." Okay so you hear this from a minister in parliament telling us that part of the solution to the economic crisis is to get rid of the corruption associated with the currency auctions and the only way to do this is to get STOP the currency auctions. Look at how much money they told us is being stolen out of the CBI reserves due to this corruption. They say 15-20 million US dollars a day...5 billion US dollars a year being stolen from the CBI. No wonder why the CBI can not increase it reserves faster with all this oil wealth coming in as revenue. ...as long as the spigot of oil is flowing and the money is rolling in, they will not challenge this theft. The hard part is that the oil will not be flowing forever and so this time of great wealth is the time to sow the seeds of prosperity and build their nation. 5-6-2019 Newshound/Intel Guru Mnt Goat Personally, I think it’s going to be a long wait till January 2020 ...All the signs are showing us this is now going to be the case. Certainly things could always change on a dime but right now no evidence of that. I know the news from Iraq has been very quiet, but I assure you Mutada Al-Sadr and others are hard at work to turn it all around. ...We do know that Mahdi has until June to complete his government for face a possible “no confidence” vote. Will this happen? 5-6-2019 Newshound Guru larrykn Article: "The Central Bank betray Iraq daily through the auction of corrupt currency" this is why they need to revalue and get off the Auctions... (it's) too easy for corruption. [Maybe this will push them to do it...] I think there is a lot of things they need to get done before that happens which I haven't seen them to yet...they haven't even formed their government yet besides passing the laws needed. [they wont do nothing much now with Ramadan going on.] I don't think even if they wanted to would this happen that fast for Ramadan...its just another holiday for them. We will be here way after that holiday is over...
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5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain...(post 1 of 2)... 5-1-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL" Things happen slowly in Iraq. We know this. It was about 3 months ago when I posted that original link...the articles are starting to focus on the higher level agreements. This is the fine tuning, and the polishing. That's what I'm seeing happening right now... and it's all coming full circle, about 3-6 months after the last big round of "regular" news. This just happens to fall in place perfectly, if you ask me. I'm on the fence about Ramadan this year - it might not be as quiet as it has been in the past. I'm hoping to find some more clues, or get some "boots on the ground" feedback over the next couple days...(post 2 of 2)... You can read Adam's full commentary in the following Link: 5-1-2019 Intel Guru RayRen98 Parliament met today (4/30) and agreed to vote on the ministers of Justice and Transportation this week and the ministers of Interior and Defense next week. This will coincide with the opening of the Green Zone anticipated within 10 days. PM Mahdi stated that Iraq will witness great internationalism in the coming period. [The coming period? Is this a replacement for the coming days? LOL]
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******************** Saturday Guru Opinions ******************* 4-27-2019 Intel Guru Frank26 IMO, they are doing something at the CBI...it's all related to financial inclusion which includes their financial steps. Iraq is about to make a major economic change, on one condition...what do you think it is? ...Contractors that have been waiting to get into Iraq are now being paid. They are doing something to prepare, I believe, what we call article 2, an announcement that yea we are Article 8 and that yea we have been using the tools inside of our country...now we are about to do it outside of our country on an international status...things are looking really good... ******************** Friday Guru Opinions ******************* 4-26-2019 Newshound/Intel Guru Mnt Goat CLARIFICATION OF THE STALLING TO FORM THE LAST OF THE CABINET ...the only reason is that these coalitions realize how important these positions are and want their own person in the positions. That is all it is. It has NOTHING to do with stalling using this as an excuse to hold up the RV and currency reform...There is NO connection! 4-26-2019 Newshound Guru larrykn Articles: "Memorandum of understanding between the Union of Iraqi contractors and Turkish counterpart"; "Ministry of construction signed a contract setting up desalination project schemes in Basra with an Austrian company." Lots of good deals are being made right now, I still say if Iraq can get out of their own way, good things will happen. 4-26-2019 Newshound Guru Adam Montana No major updates on the dinar, but that's not discouraging in the least...we're simply tracking on a positive course. 4-26-2019 Newshound/Intel Guru tman23 ...coming September 25th there will be a NEW CBI GOVERNOR... This is a FACT! So yes its stewing...but will the do it for the second quarter or wait until they seat the new CBI governor and roll to first of the year...sit back and watch mid June along with first signal will be new currency...
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8-19-2018 Newshound Guru Kaperoni "Iraq’s Federal Supreme Court has now ratified the election results" So with the ratified election results political parties are meeting to form the largest bloc. An official announcement may come in the next day or so. 8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo.. 8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!... 8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar. 8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO 8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step...imo
