Monday Night Guru Opinions - 11/05/2018

[ronscarpa]

11-5-2018   Newshound Guru MilitiaMan    Article:  "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future"   This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms.  Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency..(post 1 of 2).

 

11-5-2018   Newshound Guru MilitiaMan    We are told that the AMF working with the likes of the World Bank, IMF, Germany, etc., have accomplished meetings and within those meetings we learned from WS [Guru Walkingstick]  that they tried and tested the REER to a basket of currencies last Monday, about a week has passed since then...  The article is telling us they have accomplished things and that they tell us that they were comprehensive in nature.  Well, financial inclusion, is very important to those entities.  Modernization is important to them and the Private Banks they are going to be doing business with in the reconstruction of Iraq. They will require Insurance Companies...  Launch means to take off... As in they have set things in motion. That will require the new lower notes, imo.. That is imo where and how close we are. ...imo....(post 2 of 2)... 

 

11-5-2018   Newshound Guru chattels   Articles:  "Iraqi Parliament delays vote on open ministry positions until next Sunday."  "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."

11-5-2018   Intel Guru Jester   [...we forgot to ask you how the RV went yesterday on November 3rd.]  NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...

11-5-2018   Newshound Guru Kirk H. Sowell   So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.

11-5-2018   Intel Guru RayRen98    The CBI site was down for awhile today, but it's back to normal now.  Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!

 

11-5-2018    Newshound Guru Daytrader    JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform.  The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development.  This circular process drives the flow of money in any economy.  ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program.  However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform...(post 1 of 2)...

11-5-2018    Newshound Guru Daytrader  IMO, the oversight management of the economic reform process is the responsibility of the government.  This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform.  Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform.  IMO...(post 2 of 2)... 

 

 

Edited November 6, 2018 by ronscarpa