,
DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, February 19, 2013

REVALUATION WARNING!!!, 19 FEB



Intel Guru Blaino   "REVALUATION WARNING!...Dinaricon Alert level 5+...due to freshly received intel in the last few minutes.

DINAR GURUS UPDATE, 19 FEB

2-19-2013  Newshound Guru Doc  The really encouraging news is that the core fundamentals appear to be lining up nicely.  Much news has detailed work toward HCL, WTO, banking laws, chapter 7 and most importantly neutralizing Maliki.  Many have suggested if a stable GOI is required for a RV then we will never see it since Iraq will never be stable.  What these fail to understand is Shabibi defined stable as a power sharing system which we all know Maliki has fought tooth and nail to prevent.  The recent news suggests a true power sharing GOI is in the works.  Also as we speculated 2 weeks ago it is now pretty obvious the Kurds have linked the HCL to the budget for negotiation purposes.     [post 2 of 3....stay tuned]

2-19-2013  Newshound Guru Doc   We encourage everyone to take a deep breath and quit getting caught up in the minutia of a single event...there is not one event that will "trigger" currency reform and especially not the budget.  Budgets have come and gone without the RV and this one could easily be no different.  We need to remember the goal is to have Iraq's economic fundamentals strong for the long term.  To get there things like a stable GOI, secure assets (HCL), banking laws, etc.. need to be in place.  As we have speculated and we continue to believe many of these will come quickly together once the first domino falls.  Yes, the budget could be in the "dominoes" but it is not the exclusive event for the RV.  [post 1 of 3....stay tuned]

2-19-2013  Intel Guru OCrush   The other blocs are fine, its the kurds and the national alliance that are still negotiating.  The good thing is Nujaifi is presiding so there is a good chance this will finish today.....[ADDED COMMENTWord is the NA and the Kurds have agreed.  They will have there prayers and hopefully go back for the vote.  This is Nujaifis choice.  He wants everyone to feel comfortable.  He may postpone it till tomorrow or thursday.  Don't forget this is the second to last hurdle, once they pass the budget they need to make sure everything else is in place (laws).  Timing is everything!  

2-19-2013  Newshound Guru Med   Article:  "Urgent .. Channel Iraq: Al-Maliki calls for Barzani to visit Baghdad"  BARZANI WILL NEVER GO TO BAGHDAD HE WILL FIND A WAY TO ARREST HIM.

2-19-2013  Newshound Guru Phoenix3333  Parliament postponed today's session to Thursday, February 21st for lack of a quorum and the lack of agreement on budget. Just my opinion...But, I don't expect to hear about the budget passing until after the markets are closed on Friday. If they actually pass it, which they better do very soon.  

2-19-2013  Intel Guru American Contractor   Regarding the Iraqi dinar currency situation, there has not been any signs of uplifting the suspension of the printing of the new Iraq dinar currency. A finance committee meeting will commence in Late March or early April to determine the status of the printing of the new currency. Be aware that, this is not to be mistaken as a sign that something is going to happen in March or April.   [post 3 of 3]

2-19-2013  Intel Guru American Contractor     The Kurds are disgruntled with the Iraq central government. The Kurds had previously maintained the national budget at 17% and now PM Maliki wants to cut it to a mere 12%.  The cut is estimated to be costing hundreds of millions of dollars. The intention is to fund services and projects. The reason behind the cuts is to compensate for the deficit when the Kurdistan Regional Government (KRG) decided to stop paying the central government in oil sales.  ExxonMobile has made a corporate decision to drill in northern section of Iraq and is contemplating on giving up the oil fields in the southern part.  [post 2 of 3....stay tuned]

2-19-2013  Intel Guru American Contractor   [long, long time, no see] There has been major conflict between the Shia, Sunni, Kurds, along with the Iraqi government that is causing a rift in passing the Iraq national budget. There are many other hurdles in the process of getting a national budget passed in Iraq.  For starters, there is a parade of non-stop protests in Iraqi cities calling for the ouster of PM Maliki.  In the meantime, PM Maliki will hold onto power and look forward to the next national elections in 2014. There are Iraq politicians carefully taking sides and others who are just watching the current situation unfold. Most politicians are refraining from participating in anything related to government affairs, such as passing a bill. They are fearful of alienating themselves should a new power government powers step up. The typical Iraqi politician is very cautious in who he aligns himself with as it could result in a loss of employment or demotion from a high level position from within the central government.  [post 1 of 3....stay tuned]

2-19-2013  Intel/Newshound Guru Poppy3   I TOLD EVERYONE THERE WOULD BE ZERO ACCOMPLISHMENTS WHILE OUR PEOPLE ARE THERE. PARLIAMENT POSTPONED TILL THURSDAY AND IF OUR...DIGNITARIES ARE STILL THERE THEY WILL POSTPONE AGAIN MAYBE ALL THE WAY TO NEXT WEEK.  WHEN OUR PEOPLE LEAVE IRAQ WE WILL SEE SOME FURTHER PROGRESS. 

2-19-2013   Intel Guru Delta   [via Leo]  a free float will never work for Iraq because Iraq only has oil to export and oil is tied to the dollar.  when the rate comes out it will basically shock a lot of people in a good way...I might be wrong!!  I like to give you one last thing to think about, Iraq told the CBI they are going to print 28 billion dinar .. with a population of about 32 million people with a GDP of about 120 billion for the year .. in order to do that the rate has to be over $3.00 .. everyone will be happy .. don't listen to those articles .. Iraq government and the media did a excellent job misleading a lot of people nation wide and around the country.

2-19-2013  Intel Guru TerryK   [article: "CBI is working to issue currency class of 100 thousand dinars soon; Urgent need for coin Posted: February 18, 2013 in Iraqi Dinar/Politics"]  IT'S SMOKE. IT'S A OLD ARTICLE SENT OUT AGAIN.

2-19-2013  Intel Guru Bulldog75   [what's your take on the Dong?]   .33 IS A NICE NUMBER.

2-19-2013  Newshound Guru Joey  [via RVme]  The Kurds said Sunday Barzani will release an initiative to call the National Meeting which will occur in March to gather all political blocs and settle crisis.  They have 2 calendars in Iraq. February and March are considered the SAME month.  If all the delegations arrive next week, then why isn't Barzani going to be in the country? Barzani will be in Moscow February 19-23. She says they already told us they...had a meeting. She says makes ya wonder, doesn't it?

MOUNTAINMAN, POPPY & AMERICAN CONTRACTOR POST, 19 FEB

2-19-13 Mountainman: A higher committee for the development of legislation in support of banking business. "The parliamentary Finance Committee a committee of banks Mesopotamia, good, TBI, the parliamentary economic committee, the Ministry of Finance and Planning, with a view to supporting the development of legislation for banking business in the country.

"The formation of a supreme committee comprising the ministries of Planning and Finance and Economic Committee with representatives from the Rafidain and Rasheed banks and the Iraqi Trade to put the necessary legislation to support the banking business. This legislation focuses on techniques and electronic trading electronic and merger of private banks in the process of developing heads and raise money worth. The CBI earlier, he plans to convert banks to large financial institutions after obtaining the consent of the government to amend Law No. 94 of 2004 on the integration of small banks to large banks."   


2-19-13 Poppy3: I TOLD EVERYONE THERE WOULD BE ZERO ACCOMPLISHMENTS WHILE OUR PEOPLE ARE THERE. PARLIAMENT POSTPONED TILL THURSDAY AND IF OUR ... DIGNITARIES ARE STILL THERE THEY WILL POSTPONE AGAIN MAYBE ALL THE WAY TO NEXT WEEK. WHEN OUR PEOPLE LEAVE IRAQ WE WILL SEE SOME FURTHER PROGRESS.

2-19-2013  Intel Guru American Contractor   [long, long time, no see] There has been major conflict between the Shia, Sunni, Kurds, along with the Iraqi government that is causing a rift in passing the Iraq national budget. There are many other hurdles in the process of getting a national budget passed in Iraq.  For starters, there is a parade of non-stop protests in Iraqi cities calling for the ouster of PM Maliki.  In the meantime, PM Maliki will hold onto power and look forward to the next national elections in 2014. There are Iraq politicians carefully taking sides and others who are just watching the current situation unfold. Most politicians are refraining from participating in anything related to government affairs, such as passing a bill. They are fearful of alienating themselves should a new power government powers step up. The typical Iraqi politician is very cautious in who he aligns himself with as it could result in a loss of employment or demotion from a high level position from within the central government.

  The Kurds are disgruntled with the Iraq central government. The Kurds had previously maintained the national budget at 17% and now PM Maliki wants to cut it to a mere 12%.  The cut is estimated to be costing hundreds of millions of dollars. The intention is to fund services and projects. The reason behind the cuts is to compensate for the deficit when the Kurdistan Regional Government (KRG) decided to stop paying the central government in oil sales.  ExxonMobile has made a corporate decision to drill in northern section of Iraq and is contemplating on giving up the oil fields in the southern part.

Regarding the Iraqi dinar currency situation, there has not been any signs of uplifting the suspension of the printing of the new Iraq dinar currency. A finance committee meeting will commence in Late March or early April to determine the status of the printing of the new currency. Be aware that, this is not to be mistaken as a sign that something is going to happen in March or April. 

OCRUSH UPDATE, 19 FEB


Posted  Today, 08:12 AM   Ocrush Feb 19th Nugget

 Still no official word from Nujaifi.  They are taking breaks once in a while and prayers will start soon for about an hour.  It will be a long day allright, lets hope they come to a conclusion. 

The other blocs are fine, its the kurds and the national alliance that are still negotiating.  The good thing is Nujaifi is presiding so there is a good chance this will finish today.   Cheers My Friends :))
  ADDED COMMENT

 Word is the NA and the Kurds have agreed.  They will have there prayers and hopefully go back for the vote.  This is Nujaifis choice.  He wants everyone to feel comfortable.  He may postpone it till tomorrow or thursday.  Don't forget this is the second to last hurdle, once they pass the budget they need to make sure everything else is in place (laws).  Timing is everything!    Cheers My FriendS

Posted  Today, 09:03 AM   More from ocrush

 We should start seeing positive articles on other matters!  Have the pders look for them.  It will be a great sign!   Cheers Diane!

Posted  Today, 09:34 AM   it looks like thursday...

   Nujaifi hold a meeting with the heads of parliamentary blocs and the Finance Committe

    Nujaifi hold a meeting with the heads of parliamentary blocs and the Finance Committee to discuss the points of disagreement on the budget

    Tuesday, February 19, 2013 16:47

    Held House Speaker Osama Nujaifi on Tuesday a meeting with the heads of parliamentary blocs to discuss the points of disagreement on the draft law the state budget for 2013.

    A statement by the Information Office of the President of the House of Representatives received the agency all of Iraq [where] a copy of "Nujaifi held in his office official, today, a meeting attended by Vice President Qusay al-Suhail and Aref Tayfur participation of heads of parliamentary blocs and Parliamentary Finance Committee to discuss the points of contention in the federal budget law for the current year 2013. "

    He added that "Najafi said during the meeting the importance of approving the budget because of their prejudice in the lives of citizens and speed up an end to finalize it."

    The statement pointed out, "It was agreed during the meeting to continue the discussion and to intensify negotiations to prevent delay in approving the federal budget."

    And a member of the Finance Committee announced, Majida al-Tamimi, said that an agreement had been reached shortly before the mini-meeting of the leaders of the political blocs to resolve differences between the Kurdistan Alliance and the Iraqi relating to the budget and carried out all their demands.   

She Tamimi said in a statement received [where], a copy of which, that "the budget is now ready for a vote next Thursday, and on Wednesday will be limited to modify some numbers and modify print", indicating that "this means that it was agreed to all the demands of political blocs ".

    The House of Representatives has postponed the planned its day to vote on the budget bill to next (THIS) Thursday due to lack of a solution to the differences and lack of a quorum.