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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...
8-14-2019 Newshound/Intel Guru Adam Montana [My personal belief is the corruption factor has to be eliminated and/or all previous crooks have to be dealt with.] Fact is, corruption exists and always will - yet progress still continues. We will never see a complete elimination of it, so the question becomes “what level of corruption will allow for the next progression?” I wholeheartedly believe Iraq has made enough progress in this area to allow an RV. See Adam's full Chat in the DV Chat Logs Forum : Adam Montana Weekly 14 August 2019
8-14-2019 Newshound Guru Dinar Investor - Jeff Will the smaller denomination come out before the RI/RV? In my opinion, no...Banks are stocked and ready to go. Basically the day the rate changes the banks will have the drawers stocked ready to start passing them out. It's that simple. So no they are not going to come out ahead of time. They'll come out the same morning that the rate changes. It's all going to happen together at the same time...
8-14-2019 Newshound/Intel Guru Mnt Goat Again, I am telling everyone what is holding back the reinstatement of the Iraqi dinar. It is corruption and the fight to clean it up. It is also not having their constitution “fully” implemented.This is a necessity. While in this process the CBI proceeds to continue with the project to delete the zeros. Yes, we all know there much corruption even at the minor level but in Iraq it is also massive and the authorities are not going to let the dinar reinstate until this is settle to their satisfaction...
8-14-2019 Newshound Guru Adam Montana We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL... Article quote: "the committee did not address the discussion of the law of oil and gas, stressing the interest of the Committee on this subject and it will be a priority to legislate this law during the next phase." This Iraqi dinar RV really looks like it's in the final stages... See Adam's full Chat in the DV Chat Logs Forum : Adam Montana Weekly 14 August 2019
8-14-2019 Newshound Guru Dinar Investor - Jeff Even though parliament isn't in session...can they still revalue the currency? The answer to that is yes and no. Let me tell you why it's yes. Technically there are laws in place. The CBI is completely autonomous from the government. They are a separate group, a separate structure. They do their own thing with the money. The government does their own thing with laws and legislation. BUT in this instance the CBI made it very clear they are seeking stability. That's why we're waiting on the formation of the government. Because of how much money has been stolen from the government. This is very important to Iraq to remove all the corruption and get a solid formed technocrat government in place...
8-14-2019 Intel Guru Frank26 ...the CBI is on a vicious campaign to educate the citizens and make sure that it works with them because if it doesn't work internally...the reinstatement of the Iraqi dinar will never leave the country and go externally and internationally and grow with value...everyday the CBI is letting you know and the citizens know... [via firefly77] our electronic billboards are showing the ATM machines. The citizens MasterCard is plastered all over these billboards...it's a commercial but at the same time it's education...
8-14-2019 Newshound Guru Kaperoni ...There is no way the dinar can substantially revalue..especially at $3+. Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur. An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation. That is 3 times the worlds money supply. Iraq could never afford such an event. The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation. They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.