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8-19-2019 Newshound Guru chattels Article quote: "The delegation of the Kurdistan Regional Government will go to Baghdad during the coming days based on the previous mutual visits, where it was decided to form committees on the oil and budget and Article 140." I am slightly hopeful that Mahdi can resolve some issues with the Kurds. The Kurds seem to like and trust him. The political forces opposing Mahdi in Baghdad are substantial. Many would just as soon crush the Kurds. Rightfully or wrongly, I have believed for a long time that stability in Iraq and the eventuality of our liquidity event depend upon the Kurds indirectly. Mahdi seems our best hope for stability in Iraq, IMO.
8-19-2019 Newshound Guru Kaperoni Article: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies."
8-19-2019 Newshound Guru Don961 Article: "...Coins that have been used in Iraq over the past decades must be restored"
8-19-2019 Intel Guru Frank26 Article quote: "...The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by "deleting zeros" from the current currencies to be of value to the small cash groups."
8-19-2019 Intel Guru Delta [Q? : When do they do 2020 budget?] PARLIAMENT WILL GET IT NEXT MONTH...
8-19-2019 Intel Guru Frank26 Hypothetical Question: Okay, I'm at the bank...What do I do now? ...Start bartering..! It depends on your power and how many you have...if not you don't have room to barter...remember what I told you, You are Mr. Clampett. They are Mr. Drysdale. Act accordingly. Demand what is yours. Do not settle for anything less...
8-19-2019 Newshound/Intel Guru Dinar Investor - Jeff Iraq is not Article VIII until they physically make their currency internationally recognized and/or they change the rate...roughly from the beginning of 2018...Iraq started rolling out the MasterCards and the Visas suggesting they're now international. They're partially international. Not 100%. Here's what it is. The Iraqi citizens have to be able to travel abroad and purchase things off the internet and live a normal life the way you and I do...Don't get too excited about this because they've been doing this since the beginning of 2018...it's nothing to get too excited about because they've been doing this for over a year now...It's good news regardless. It shows we're getting close, but it's nothing to get super excited about...
8-19-2019 Intel Guru RayRen98 Iraqi TV was broadcasting that the government is implementing reforms to attract investment revenue. News casters are reporting that citizens receiving the new cards has surpassed 80% with 90% completion projected in the coming days. Western Union announced that effective Sunday, citizens will be able to send Dinar outside of the country.
That's all there is Folks...! Have a good night's sleep...RON
8-18-2019 Newshound Guru G-Lin Article: "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the Constitution" I believe this is about the legality of Art. 140 and the court ruled that it will stand as written in the constitution. The question was about the expiration date of 12/31/2007 for implementation as stated in Art. 140 and the court said it would require a constitutional amendment to change or do away with Art. 140. I think this is a good thing for sure. And interesting timing. We know the profit sharing portion of HCL has already been addressed. As usual it seems to be all about the implementation with Iraq. Art. 140 was good to go 12 years ago...!
8-18-2019 Newshound Guru chattels Article quote: "The summary of the above shows us that exceeding the constitutional deadlines is not intended to drop its articles because this requires an amendment in accordance with the mechanisms set forth in the Constitution itself, but to determine the responsibility of the body that is responsible for implementing them and if they exceed them are held accountable in accordance with the constitutional contexts of the concerned authorities " Amendment of the Constitution is required if Article 140 was not to have force and effect prospectively or to be "dropped". Thank your lucky stars that no amendment of the Constitution is necessary. Amendment of the Constitution requires a super majority vote of the Parliament. The Iraqi Parliament cannot agree upon the time of day under such requirements.
8-18-2019 Newshound/Intel Guru Dinar Investor - Jeff You're not going to see anything until...the second half of September... Remember last week they came into monies. They said they were adding 170 billion dinar to the '19 budget for reconstruction for Baghdad only and then also...the Kurds told them that they were going to release the Kuwait reconstruction money...to Baghdad. ...You have to look at accounting periods because this is the movement of a large amount of money. So the fact that they came into all this money in the middle of Q-3...that money is for Q-4...they have to walk into Q-4 with that money...Your target is Q-3 in this. This article is confirming we are looking really good. IMO.
8-17-2019 Newshound/Intel Dinar Investor - Jeff Article "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the constitution". This article is confirming everything that I'm sharing with you...don't forget Article 140 was enacted back in 2005. This article tells you it has to be amended...this plus the HCL can only happen at the very end. This is telling you guys were at the end of this ride. There is no question. We know that for a fact...that means...you're waiting until the second half of September...we look really good.
8-17-2019 Intel Guru Frank26 ...on TV they are saying the Iraqi government is implementing reforms...to attract investment. To boost growth and infrastructure and wanting to create new jobs...they say this will change Iraq's economy...They even showed a video on this...news saying over 80% of citizens have cards now and will have over 90% in a short period of time...We are seeing more and more commercials on the electronic billboards today. Hear all about citizens using our new cards (Visa and MasterCard) at the new ATMs in commercials. This is all over town...Western Union says on Sunday that...Iraqi citizens can send the Iraqi Dinar outside of their country.
8-17-2019 Newshound/Intel Guru Mnt Goat Article: "NO CONFIDENCE VOTE ON MAHDI UNTIL AT LEAST SECOND LEGISLATIVE TERM" relax everyone. Mahdi is not going anywhere!
8-16-2019 Newshound/Intel Guru Mnt Goat Article: "ARTICLE 140 WILL BE ENFORCED". IS ARTICLE 140 ALL COMPLETED..? …Article 140 is not completed and needs a legal referendum...Again I am telling everyone that Article 140 is required. It is part of the new Iraqi constitution and the entire constitution must be implemented and enforced prior to the reinstatement...
8-16-2019 Newshound Guru Kaperoni Article today says the CBI reserves are up to 72 billion.
8-16-2019 Intel Guru Frank26 ...parliament made it very clear on television...purchasing power...in the first term session...the world knows they're Article VIII. It's not a secret. Now purchasing power is what the citizens want. Right now though they're cleaning everything up...
8-16-2019 Newshound/Intel Guru Mnt Goat Articles: "A COURT ORDER WAS ISSUED APPOINTING AN INSPECTOR GENERAL IN THE CENTRAL BANK OF IRAQ"; "APPOINTMENT OF AN INSPECTOR OF THE CENTRAL BANK OF IRAQ, USUALLY (means the CBI, or the Governor) VIOLATED HIS INDEPENDENCE AND EXCEEDED ITS LAW" This is WOW! news! ...This yet another step in cleaning up the corruption in the CBI...The new law passed this year, the Financial Management Law states that an inspector general will be appointed over the CBI. The positions has very specific auditing responsibilities and will not interfere with monetary policy. So we are witnessing them implement this new law. This is all very good for us.
8-16-2019 Newshound Guru Kaperoni I find it funny that the guru's talk about ATM machines as if they're not working, and some mythical RV must happen for them to work. Wrong! They're fully operational right now and have been so for quite some time dispensing dinar notes at the current exchange rate.
8-15-2019 Newshound/Intel Guru Mnt Goat We still wait for the banking reforms to take hold. The CBI is still in the last phase of getting people on the credit and debit cards...The ATMs are up and working. They are distributing mostly the 250, 500 and 1,000 notes. Just recently they also re-introduced the 50 dinar notes too. The other planned smaller category notes are NOT yet in circulation but are being planned as the economic conditions dictate. ...I do see our newest window could be until the end of August until the new session of parliament on Sept 3rd begins... I say this...because parliament told us themselves this was their plan to implement the currency reform before the end of the first session of parliament. We are getting close to the end. In fact, they are already on recess and the end is technically already here. So, this window I speak of may already be all for nothing. But let’s wait it out and see what happens.
8-15-2019 Newshound/Intel Guru Dinar Investor - Jeff ...If they release lower denoms before the rate changes the first thing is people would have to carry large sacks or duffel bags of lower denoms and coins to the stores to buy consumer goods...the fastest way they piss the citizens off is if they have to start carrying very large bags of currency...because the rate hasn't changed...second...if you released smaller notes to replace bigger notes and you don't change the rate you've just devalued your currency...On March 20th the CBI already came out and said they plan to increase the exchange rate of the Iraqi dinar. So if they're going to increase the exchange rate means that the lower notes have to be release at the same time as the rate increases otherwise it will be a devaluation...
8-15-2019 Newshound Guru Kaperoni You cannot stop currency auctions until you have something to replace it. The auction is what keeps the stability of the currency. Until Iraq accepts Article VIII, and the dinar is traded globally, currency auctions will continue. Auctions also serve as revenue generator for the CBI.
8-15-2019 Newshound/Intel Guru Mnt Goat We have read over and over again that they need to get the POS (point of sale) machines and ATMs (Automatic Teller Machines) up and running and most importantly for the citizens to use them. This is all part of the “project to delete the zeros”. So far, they have been very successful and are even currently paying almost 80% of the payrolls now to the citizens via electronic means. They want to soon get close to 95% by the end of the year. So the BIG push is on... Later yes, these cards can be used overseas or out of country to also conduct international business but they will need FOREX to determine the rate for the conversion...!
8-15-2019 Newshound/Intel Guru Dinar Investor - Jeff The formation of the government...has everything to do with this and that's what the delay is...the number one thing...you want to keep your eyes on is the formation of the government. That's what's letting you know when you're reaching the finish line...Back on February 27th of this year Iraq had a key meeting called the National Meeting. All the members of government were present. One of the things they did was...celebrated being a brand new "unified" country...three days later on Saturday an article came out stating Iraq is now "unified"...back on that "five year delay" article from 2014 the CBI stressed that they would not delete the zeros until Iraq had political stability...making the formation of the government the linchpin to the rate change...