Search the Community
Showing results for tags 'news'.
Found 50 results
-
Good Morning Dinar Vets, here's an opinion & comment by Jeff & Mtn Goat that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** ...The Trump Administration are the only ones in control of the timing of the rate change...the dinar is an asset to the U.S. dollar...in other words maybe we're transitioning the U.S. dollar to become asset backed has to be timed with Iraq's rate change. Because the dinar cannot be and will not be an asset to the dollar until the dinar itself has value...it's all about the timing... *** Mnt Goat *** So, we all know as investors that these currency auctions must end in order to bring economic stability and investors to Iraq. This concept is an integral part of the financial reform process they are talking about in other parts of today’s articles section. Al Kazemi is slow to react to so what is needed and they have given him 100 days to work this out. Article: "STATE OF LAW: EVALUATING THE WORK OF THE KAZEMI GOVERNMENT IN 100 DAYS: ITS STEPS ARE SLOW" I quote from the article –“ WE INDICATE THAT IT IS STILL TAKING SLOW STEPS INCONSISTENT WITH THE CURRENT SITUATION, and SO FAR THERE IS NO CLEAR AND TANGIBLE VISION TO REFORM THE FINANCIAL SYSTEM." -
Good Afternoon Dinar Vets, here's an opinion & comment by Mtn Goat that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat *** Article: "SPECIAL FORCES SECURE THE OUTLETS COMPLETELY AND FROM FORGERY OF THE CENTRAL BANK DOCUMENTS" Quote: "President of the Border Ports Authority, Omar Al-Waeli, confirmed on Wednesday that Prime Minister Mustafa Al-Kazemi personally supervises the plan to secure the ports, which are now all secure, while pointing out that the actual measures to eradicate corruption included recycling of port workers and changing corrupt cadres." We know the Prime Minister is greatly interested in the border crossing file, and there is a real will to control it to serve the citizens with the revenue that can be generated from it.
-
Good Evening Dinar Vets, here's several opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat I told everyone weeks ago to bash your hopes of any RV during the month of July. There are way too many pieces still to fix and work out prior. But I know for a fact the project to delete the zeros is going to take place sooner than later. They are also planning a new CBI governor replacement. *** BGG Article: "Minister of Finance: 300 thousand “space” employees in Iraq" Quote: "Allawi explained that the issues that were buried because of the large and growing oil revenues are now evolving, and this includes payments for an estimated 300,000 “ghost” or fictional employee ” This is probably more accurately translated as “Ghost employees”, a corruption issue for a long time now and one of the big reasons no one wants to just give them money for “salaries”. It would all go to these corrupt politicians via this sham payroll scam. The good news – the MoF is going after them in an open, honest, legal fashion. *** Pimpy Question: "[What are the] best places to turn in foreign currency?" Foreign currencies as long as there's no restrictions on them you should be able to turn them into your bank...just ask them in advance...just say, 'If I bought foreign currency and I needed to exchange it can I buy it and exchange it here?' If they say what kind of currency just say "any kind". Don't tell them anything specifically because Iraq has restrictions on it and they'll say no they don't do Iraqi dinar. Just hang tight and once the restrictions are off then consider that...
-
Good Evening Dinar Vets, here's several opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 Where will we as investors see the rate has changed 1 to 1? On the CBI website. When? Probably when you wake up one morning. Why? Because when you're asleep they're up working very hard...unless you're up at 3 or 4 in the morning you're not gonna see it until the next day when you wake up... *** Pimpy There's a lot of people in the group they always feel this is never going to happen. I get that...it's been stretched out over years. Over 10 years. 15 years for people. So I get that their frustration. If I may make a suggestion...you can go 'I'm done. This isn't going to happen.' Sell your currency back. And ignore it all together. Or what you could do instead of driving yourself crazy. Cut off the news for a little bit. That includes me...If everyday you're waking up with anticipation I would imagine there are only so many times you can be let down...this is why people shouldn't say dates or rates. The truth of the matter is nobody knows...be grounded. Be calm. It is going to happen. That's my opinion. It appears to be happening very very soon. You can see all the signs that are here...hang tight, be cool and have faith... *** Delta ...I'm gonna stick to my personal opinion even though the team does not agree with me...I wish and I hope and I pray to God I'm wrong 1000% but I'm leaning toward September...I'll take September, assuming it will actually increase in value in September...RON *** Mnt Goat Where do we stand for the RV? ...I am not looking for anything in July. There are just too many pieces still to put in place to make this happen. Also we are moving into August soon and so I see a possible window opening if certain actions are taken. But I do know for a FACT that they are not going to wait until January 2021 if they can help it. They need to be on the FOREX trading now and so are pushing aggressively now to make it all happen. Also, ISX is now trading the Iraqi dinar like a currency exchange and this is a very, very good sign too. When ISX comes live on NASDAQ this will be the time they also put the dinar back to the currency exchanges. I look at the ISX move now as a testing ground for the dinar with investors. *** Frank26 ...Remember I told you the articles are saying "something new", "new mechanism". The word "exchange rate" is being used tremendously. And the reason why is because they have a rate and date (determined) for the exchange rate. It's hot news. It's out there... Article: "The Iraqi economy...the predicament of the situation and the problems of the solution" They are talking about their financial crisis...when it's all said and done... Quote: "The exchange rate is one of the "keys" to the solution" ...we have to increase the exchange rate of our currency, not decrease it, against the American dollar...isn't that cool...I'm all for it..!
-
Good Morning Dinar Vets, here's an opinion & comment by Pimpy that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "Iraq receives international support to remove its name from the list of high-risk countries" Right here we have one group of people saying they have removed Iraq off a special list blacklisting them and then we have the EU saying they have blacklisted them. Here's the thing, don't be confused by them. All that's really gonna matter is what Trump says... Quote: "..Iraq receives support from some European counties to remove its names from the list of high-risk countries." This is good for them...one group said let's remove them. The other group said, no we're gonna keep them on there. Now we have this...it looks like indeed they're about to be removed. So this is all good news. This is what we're looking for. This is a step in the right direction.
-
US Welcomes New Iraq Govt; Extends Iran Sanctions Waiver 7th May 2020 in Iraq Oil & Gas News, Politics - By John Lee. US Secretary of State Mike Pompeo has welcomed the formation of a new government in Iraq following months of instability. In a phone call with the new Prime Minister, Mustafa Kadhemi, he said that the US would not enforce sanctions on Iraq buying electricity from Iran for 120 days "as a display of our desire to help provide the right conditions for success". The full statement via Spokesperson Morgan Ortagus said: "Secretary of State Michael R. Pompeo spoke today with Iraqi Prime Minister Mustafa al-Kadhimi. Secretary Pompeo welcomed Prime Minister Kadhimi's new government, which was confirmed by the Council of Representatives. "They discussed the urgent hard work ahead for the Iraqi government, implementing reforms, addressing COVID-19, and fighting corruption. In support of the new government the United States will move forward with a 120-day electricity waiver as a display of our desire to help provide the right conditions for success. "The Secretary and the Prime Minister also discussed the upcoming U.S.-Iraq strategic dialogue and how they look forward to working together to provide the Iraqi people the prosperity and security they deserve." (Source: US State Dept) Link: https://www.iraq-businessnews.com/2020/05/07/us-welcomes-new-iraq-govt-extends-iran-sanctions-waiver/
-
1-11-2020 *** Dinar News Flash *** For the second time in a week President Trump speaks about Iraq. In last night's interview President Trump was asked, "Do you think Iraq should repay the American taxpayers for these bases...for what we've done there?" His answer was very surprising. President Trump revealed how much of Iraq's money the U.S. holds in an account. You can watch the interview below...the question begins at the 14:22 mark. 1-11-2020 Newshound Guru Jeff ...they keep telling you a lot of post rate change items are inside the 2020 budget which links the 2020 budget to the rate change. Now I want to stress to you budgets do not contain rates...they're linked to the rate. The difference is if the 2020 budget was calculated at the old value it's calculated in trillions of dinar. If the 2020 budget was calculated at the rate change it would be calculated in billions of dinar hence the deletion of the zeros transitioning from trillions to billions... 1-11-2020 Intel Guru Delta ...there is something I'd like to clear up here. It's not the one or two days that they [ the CBI] is out of compliance [With the IMF 2% rule] that's a big deal and they have to start from scratch. They [the IMF] go by monthly average. So the monthly average has to be no more than 1213 [Market rate]. That's about the 2% compliance with 1190 [Official Rate]... [ 1-11-2020 Intel Guru Frank26 ...[Guru] Walkingstick's banks are obeying the CBI and they're going to turn in all the 3 zeros [notes] they've got and they are going to get back the equivalent but not in new small category notes because they've already been delivered... 1-11-2020 Newshound Guru chattels While I remain hopeful that some day there will be an increase in the value of the dinar, I am not optimistic in the near term. My usual optimism in the first quarter is suppressed by the same old issues and now the threat of war and / or economic sanctions.
-
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENTARY MOVE TO RAISE THE PRICE OF THE DINAR AND MAINTAIN THE STABILITY OF INFLATION" Quote: “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES while maintaining the stability of inflation in the country” this means to put the dinar on a float. To do this means reinstating the dinar on FOREX. Quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” “TRADITIONAL” means the current currency auctions will go away as they use today. *****
-
6-27-2019 *** Dinar News Flash *** PM Mahdi sent a new name for the Minister of Education to be voted on by parliament . Unfortunately, this person was denied. This means the government is still not officially formed. What's not completely clear at this point is whether Mahdi included a name to parliament for a permanent Central Bank of Iraq governor. The name being reported is Ali Abdul Allawi. There was intel about a possible change at the CBI several months back...now it appears a change may be near. 6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT. 6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source. 6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal... 6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education" *****
-
6-27-2019 *** Dinar News Flash *** PM Mahdi sent a new name for the Minister of Education to be voted on by parliament . Unfortunately, this person was denied. This means the government is still not officially formed. What's not completely clear at this point is whether Mahdi included a name to parliament for a permanent Central Bank of Iraq governor. The name being reported is Ali Abdul Allawi. There was intel about a possible change at the CBI several months back...now it appears a change may be near. 6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT. 6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source. 6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal... 6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education"
-
6-25-2019 **** Dinar News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". The gurus will be commenting as the day progresses...!!!
-
6-24-2019 **** Dinar News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". Stay tuned as the guru's chime in on what impact seating these major positions could have on the dinar and the implications of the one remaining seat... 6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths. 6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
-
6-19-2019 Intel Guru Delta URGENT FROM IRAQI TV: "ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION..." IT'S ALL OVER THE NEWS ...THEY GOT SLAP BY SISTANI... SHOW US THE RATE...NOW...! Let's hope something positive comes from this...! RON
-
6-17-2018 *** Dinar News Update *** Prime Minister Mahdi removed 30 kilometers of blast walls and hundreds of checkpoints surrounding the green-zone of Baghdad. Over 14,000 T-walls have already been removed and 600 streets reopened in Baghdad. Quote: "It was long inaccessible to most Iraqis until an order from Abdel Mahdi last year, and families can now be seen picking their way across its [Baghdad's Green-Zone] manicured parks for sunset pictures". WHAT'S NEXT...???
-
5-28-2019 Newshound/Intel Guru Mnt Goat Article: "EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR" So...as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits Note: Comparison charts are below for IQD Exchange Rates from Sunday and Tuesday .... Interesting..! RON Exchange Rates - Sunday - 5/26/2019 US dollar USD 1190.000 Euro EUR 1325.541 Pound sterling GBP 1504.874 Canadian dollar CAD 882.920 Swiss franc S.FR 1179.853 Swedish krona SEK 123.435 Norwegian krone NOK 135.893 Danish krone DKK 177.487 Japanese yen JPY 10.797 Chinese Yuan CNY 172.090 Australian dollar AUD 818.244 Special drawing rights SDR 1638.106 Gold for 24-ounce Gold 1517274.300 Exchange Rates - Tuesday - 5/28/2019 US dollar USD 1190.000 Euro EUR 1332.324 Pound sterling GBP 1508.563 Canadian dollar CAD 885.351 Swiss franc S.FR 1185.613 Swedish krona SEK 124.227 Norwegian krone NOK 136.719 Danish krone DKK 178.363 Japanese yen JPY 10.868 Chinese Yuan CNY 172.531 Australian dollar AUD 823.123 Special drawing rights SDR 1641.986 Gold for 24-ounce Gold 1515915.000
-
5-23-2019 Intel Guru Delta Article: "The House of Representatives votes on the Federal Financial Management Act" Quote: "The House of Representatives votes on the Federal Financial Management Act and voted the House of Representatives, on Thursday, the Federal Financial Management Act." YES IT DID PASS I DID SEE IT LIVE ON TV...ALL GOOD TO GO...CONGRATS IRAQ...ONE OF THE BEST NEWS...ONE WAY STREET NO WAY BACK... 5-23-2019 Newshound Guru Whitelions Article "...The financial management law has been finalized" its done... done...im jumping up and down...this is a big piece. 5-23-2019 Guest Guru future Article: "...The financial management law has been finalized" Quote: "A member of the Finance Committee Majida Tamimi confirmed on Thursday the finalization of the Financial Management Law." [They said they have voted on the FML but im not sure of the outcome] yea said it was finalized but not sure how many readings we need and for it to become law. 5-23-2019 Intel Guru Delta "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" ...GRAVEYARD SHIFT GET READY FOR TONIGHT...IF THEY PASS IT THEN TIME TO CELEBRATE.... 5-23-2019 Newshound Guru MilitiaMan Article: "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" They clearly seem to have every intention of completion! Mahdi being home makes it appear to me they have structured their moves so very timely with purpose... I can’t imagine even one member doesn’t show for tomorrow’s vote...if I am wrong then there are some seriously wealthy politicians that will looking at some very unhappy constituents taking off their shoes!! *******
-
5-22-2019 Newshound Guru Adam Montana OIL - no problems there! Still solid, still right where we want. 5-22-2019 Guest Guru future Article: "Council Sessions Agenda...May 23, 2019...For the fourth parliamentary session" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)."; "the financial management law known as the FML or also known as the Law of financial administration is geared toward raising the value of the dinar against foreign currency while maintaining inflation in the country" seems the first vote is on may 23. 5-22-2019 Newshound Guru Adam Montana DINAR - man-oh-man I can’t wait till the day I get to say “THIS IS IT”! Today isn’t that day, but it’s coming! ...In the beginning of all this, I had to seek out contacts...These days, after being in this circle for so long and meeting so many people - things come to me... from people who are much closer to the inner workings of not only the CBI and Iraq in general, but also many other related organizations and entities... I’m explaining this because although I won’t say “I think we’re going to see an RV within XX days”… I AM getting a really strong vibe right now. The timing is getting close, and the opportunity here is real. Stay positive, friends. We may not have as long a wait as some think. Above excerpts from Adam were taken from the following chat log, and posted on another site.... See Adam's full chat here in the following link, with everything in context:
-
5-15-2019 *** Dinar Newsflash *** Major media is reporting "The U.S. State Department has ordered non-emergency employees to leave Iraq amid Iran tensions." Things appear to be escalating quickly in the Middle East. The U.S. has sent an aircraft carrier and bomber planes to the region. Iran is suspected of attacking tankers and other "assets". The U.S. has requested Iraq remove Iranian backed militias from within Iraq...as of yet Iraq has not done so. Hopefully this is a catalyst for peaceful negotiations and the end of logjams...stay tuned as the gurus chime in on the news. 5-15-2019 Newshound Guru larrykn [...2020...we will be lucky to see it then.] the way they are moving, I just don't know. Alak was brought in by Maliki, I'm wondering why he is still here now. I was thinking they would have gotten rid of him when Adabi was around. [I know...he is stealing money thru the auctions...like crazy] and that is why I say they need to stop those Auctions...when they do we will see the RV. 5-15-2019 Newshound Guru MilitiaMan [Q? : Isn’t there a spoken timeline for the ITBs to open for banking business Mid-May? ...that would put us at this week...] Yes, it is thought that mid May per their words is to be the time frame for an operational branch (i.e., international.) to open in the SA Kingdom in Riyadh...Along with many others thereafter or possible in unison. As I believe even the Rafidain is going to as well open branches in varying countries in the region. We haven’t seen anything to suggest that it is still not the game plan thus far...I am very bullish for this window being mid May...In my opinion, the MR has been on steroids and we are seeing it. Just yesterday they speak of more success in the Financial Inclusion realm...Also, just as the IMF was given a report in regard to the 2018 Surplus on 04/10/2019 right on time. jmtc...So, yes things look great... We watch and wait...
-
5-14-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ'S OIL MINISTER DISCUSSES PLANS TO STRENGTHEN ITS OIL INDUSTRY, DIVERSIFY ITS ECONOMY AND ATTRACT FOREIGN INVESTORS" We know that 80% of Iraq’s economy is dependent on imports from Iran. Two of these major imports are electricity and refined oil products. OIL: In the coming years Iraq has plans to be gas and oil (refined gasoline and diesel fuel) independent from Iran and other suppliers. The oil ministers says Iraq is trying to break away from the dependence on Iran for the supply of these items... ELECTRICITY: We know that the German firm, Siemens and the American firm, General Electric both have major contracts with Iraq to bring up the war torn electric grid... AGRICULTURE: We also know that Iraq is working hard at being independent on agricultural products...(post 1 of 2)... 5-14-2019 Newshound/Intel Guru Mnt Goat Reconstruction: We can see...that in Kurdistan region that they are moving ahead with the continuation of the construction of the high-rise buildings. ...Today they are moving ahead with these projects once again building housing units and buildings for businesses. Many of these buildings from 2008 are not completed and occupied already. Many more are being constructed. Kurdistan is not some backward area in the desert. It is a civilized sector of Iraq that is moving ahead into this new century of modernization very quickly. How can they continue with a currency worth just an 8th of a penny? ...(post 2 of 2)... 5-14-2019 Newshound Guru MilitiaMan Article: "Financial inclusion and sustainable development" Quote: "...it is very clear that there has been a positive change in the scene Financial and Monetary For the Iraqis, after the launch of the strategy of the Central Bank, and indicators of this positive change..." ...The lack of trust for the Banks is gone now or at least significantly diminishing. They significantly increased the financial coverage and it is still growing. They have been successful in getting the citizens into the banks with large sums of chunky money. ...once they collect the chunky, they will need to issue the smalls. Hence the ATMs will need them, as will vendors of money (greenery?), shops, barbers, restaurants, etc...Don't forget they say this started about a year ago imo, more than that..!!
-
5-9-2019 Intel Guru DELTA Article: "The Minister of Oil: Very soon we sign the project of southern Iraq integrated" Quote: "Oil Minister Thamer Ghadhban said on Wednesday he expected his ministry to sign a preliminary agreement with ExxonMobil and PetroChina of China "very soon," but gave no exact date." YES IT'S A DONE DEAL...CONTRACT FOR 30 YEARS WORTH 35 BILLION DOLLARS..!
-
4-24-2019 Intel Guru Delta URGENT FROM IRAQI TV: US AGENCY...BAGHDAD NEGOTIATE TEHRAN TO BUY NATURAL GAS IN IRAQI DINARS... WOW...in IQD...that's great news..!
-
4-19-2019 Newshound/Intel Guru BGG Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The head of the Central Bank of Iraq Branch of Basra...said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops." The ONLY news that matters today..!!
-
4-15-2019 Newshound Guru Whitelions Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income. 4-15-2019 Newshound/Intel Guru Mnt Goat ...it is the Central Bank of Iraq that is responsible for the reinstatement of the Iraqi dinar not US banks. ...There is absolutely NOTHING coming from the CBI or within Iraq that can lend us to believe this is going to happen sooner than later. We are on track for early 2020 at best. 4-15-2019 Newshound Guru Don961 Article: "Agenda of the session No. (10) Monday, 15 April 2019" Quote: "First: Vote on the draft law amending the law of the recovery of Iraq’s money No. (9) for 2012... Second: Vote on the draft law amending the Companies Law No. (21) of 1997. (Committee on Economy and Investment, Committee on Culture, Information, Tourism and Antiquities)." 2 economic votes Monday... big vote coming Wednesday...imo.
-
4-11-2019 Newshound Guru Larrykn Article: "The meeting is the first Iraqi Gulf for over 30 years." Quote: "...the first meeting between Iraq and the Secretariat of the GCC, in more than 30 years, leading to the signing of memorandums to boost security cooperation And military, as well as the launch of an investment conference in Baghdad soon to receive Gulf investments in Iraq..." WOW: This is what we have been waiting to see, they are working on all the areas that need to be boosted. Iraq seems to want to get this done now, maybe changes are a coming . 4-11-2019 Newshound Guru G-Lin Article: "Iraqi-Gulf meeting is the first in more than 30 years" Quote: " ...the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an investment conference in Baghdad soon, to receive Gulf investments in Iraq." This could be big. Iraq joining GCC could break some of that dependency on Iran... *********
-
ALL GOOD NEWS...! 4-5-2019 Newshound/Intel Guru Mnt Goat "Breaking news… The 2019 Budget is now opened" Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means. We need to settle down, relax... This is going to be yet another end of year January 2020. But my CBI contact was correct. They did pay out and open the budget this week. Just not at the rate we all wanted. 4-5-2019 Newshound Guru larrykn Articles: "Iraq provides Saudi investors 186 investment opportunities..."; "Saudi Arabia pledged a grant of one billion dollars for Iraq and is preparing to sign 13 conventions with him."; "Iraq and Lebanon are discussing lifting the visa between the two countries" Lots of deals going on over there right now, all good news. REPOSTED: 4-5-2019 Newshound Guru G-Lin Article: "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" Quote: "the financial Parliament is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country." I think the vote on draft of the financial administration law is huge. This may open the door. If they vote on it or enact it, it could be what is necessary to change the value of the dinar. They told us it will raise the value...(REPOSTED from this afternoon). Have a great weekend everyone. Blessings...! RON
