2-22-2020 Newshound Guru Pimpy ...we know Dr. Shabibi had a problem with the IMF's monetary policies because he felt like it was hurting Iraq. The policies causing the inflation to go low but it was not allowing for a lot of growth in Iraq economically. So he was not a fan of that. He's the one who suggested that we have a sweet spot. And there's a sweet spot of about $1.34. $1.34 is just high enough that inflation would stay low. It's also just low enough that outside investors would still feel tempted to come in and invest in the country. That's what we want to see...
I'd be extremely happy with that number, but no one knows what they are going to do......RON
2-22-2020 Newshound Guru Jeff ...Everything is pointing and circling around the rate change including the approval process of their 2020 budget. Facts are confirming the last step we're waiting on is the rate change. Everything in Iraq has been put on standby including the approval process of the but budget. It's all waiting on the rate change...Iraq is literally walking in Kuwait's footsteps time frame wise. Kuwait changed their rate on March 24th of 1991...
2-22-2020 Newshound Guru Chattels Article: "The Presidency of the Council of Representatives confirmed that an extraordinary session will be held next Monday to vote on the booth of Prime Minister-designate Muhammad Tawfiq Allawi." Quote: "The House of Representatives is obliged to hold an extraordinary session next Monday to give confidence to the next government, according to the invitation of the resigned Prime Minister, Adel Abdul-Mahdi,"
2-22-2020 Intel Guru Footforward Article: "IBBC Spring Conference 2020 ‘Iraq – Open for Business’ " Says right at the top of the article they are open for business. If they aren't international that's a false and misleading statement Open for business?! This tells me Iraq MUST be having an RV! You can't be open for business if you aren't international and you can't be international without an RV! I can't fathom they put this out there and then the RV drags on for two more years.
2-22-2020 Newshound Guru Jeff ...what is Iraq doing? Right now they're telling us they probably believe next Monday they're going to finish and approve the cabinet and/or the full government. That would be the new Prime Minister Allawi's government.
2-21-2020 Newshound Guru MilitiaMan My view is they are fully disclosing to the world they are finishing the reforms and in very deliberate fashion. Yet they are using the PM cabinet as a smoke screen. By them publishing that the cabinet is completed, yet, they are stalling the vote in parliament, suggests they are staggering the date of the vote time frames in the news for a purpose... They suggested it was for yesterday, then today, now possibly Sunday, Monday and or even Tuesday next... Imo.
2-21-2020 Newshound Guru Kaperoni ...a few state banks are offering documentary credits to businesses in Iraq...This has to do with purchases/imports in US dollars and has nothing to do with the dinar exchange rate...Providing such a service helps the CBI control where dollars are going from the auction by having this banking oversight as well as a service to businesses needing to making foreign purchases.
2-21-2020 Intel Gurus MarkZ & Mike Cottrell MarkZ: HSBC and a number of banks even local and Regional are now on the RTP…Real Time Protectionsystem where even international stuff will only take seconds now instead of weeks before you have funds. Mike Cottrell: That technically is the QFS. Coordinating with CIPS and Swift with real time confirmations and deliveries of funds. This is required when we go to the new currency system. MarkZ: To me this is one of the best signs that we are well underway.
2-21-2020 Newshound Guru Vital Brad ...Allawi is kicking butt...out of the 300 parliament members 220 deputies will vote to pass the Allawi government. Which is a really good sign. Another headline "Allawi's government enjoys great parliamentary and international support." Sounds like it's done - having his government in place...Monday the 24th are gonna have a vote for the government...when we have a government in place I think things are gonna start getting really exciting. So big things to come. Lots to look forward too...
2-20-2020 Newshound Guru MilitiaMan Article: "Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies" Quote: "The documentary credit is one of the most secure payment methods in international trade..." ...about the country being ready to go international (or is now already), this supports that opinion quite well. ... this is telling the Global entities that they have the ability to get guaranteed payments and settlements in a manner that is acceptable to both buyer and seller in at an international level. They have this in place through a government agency of Al-Rafidain Bank!! All the pieces of the puzzle are now on the table and apparently in place! Go time..Or What? Imo.
2-21-2020 Intel Guru RayRen98 A MEMBER DID REPORT TO ME THAT THEIR BANK CONTACT, WHO HAD BEEN QUIET FOR A LONG WHILE, CALLED THEM INQUIRING ABOUT AN INTEREST TO EXCHANGE... POSSIBLY THIS WEEKEND. THEY WILL KEEP ME UPDATED ON THEIR ACTIVITY. This is a nonsense post....everyone involved with the IQD has an "intense" interest to exchange. Of course, he's referring the the "special groups".
2-21-2020 Newshound Guru MilitiaMan Article: "Disclosure...enhances the value of financial institutions locally and internationally" ...They are seriously speaking of value. Well if they are going to get linked with the International Community and even with the NASAQ, the values of these companies will need to be transparent and have real value... The NASDAQ has rules and they need to be followed, just as there are rules for Market Makers and the pricing of the shares. Same would hold true with the Forex, I suspect too. This is a very good sign..
2-21-2020 Intel Guru Frank26 ...IMO the Iraqi dinar is going to be paired with the American dollar. But here's a caveat. I believe it's only at the onset. I believe it's only at the beginning...because that's the way Donald Trump wants it...(I can accept the opinion that the IQD would be paired to the dollar at the onset, then go to a basket of currencies; but just how do you come to that conclusion, that Donald Trump wants it that way...Frank26..?) RON
2-21-2020 Newshound Guru MilitiaMan Article: "The central bank organizes a lecture in Mosul on financial inclusion" ...the above Mosul training was done days ago...imo... They speak of training at a very high level of internationalism. The CBI Statistics website has the stats on many things that facilitate money movement globally. They have the training parameters in place and or done by now through the managerial levels... Next step is the tellers.. Most likely that is or will be down to the last few hours and or last minutes... imo.