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Wednesday, December 3, 2014

DINAR IRAQ & DONG VIETNAM UPDATE , 3 DEC

Dinar Iraq and Dong Vietnam :THE KURDS HAVE WHAT THEY WANT. YESTERDAY THE ONLY NEWS THAT HAD ANY MERIT WAS THE SALARIES BEING PAID WHICH SHOULD START TODAY AND THE KURDS WANTING 3-5% INCREASE WHICH IS THE HCL. LOOKS LIKE THE FINAL AGREEMENTS HAVE BEEN REACHED…THE KURDS GETTING WHAT THEY WANTED TURNED THE SNOW MACHINE ON FULL BLAST-YES. GOI + HCL = RV.
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I am simply amazed at the relative speed at which Al-Abadi is moving! Of course Maliki was no standard to measure by, since he had the brakes on his entire administration. But Al-Abadi is managing to move on many fronts at the same time (battling ISIS, working with the Kurds, getting banking laws passed, and bringing small private investors into Iraq, for instance). I have a strong feeling that the first quarter of this coming year 2015 will see revaluation in the value of the Iraq Dinar.

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IN REGARDS TO THE 2014 BUDGET, IT WAS SATISFIED AND APPROVED COMPLETE THREE WEEKS AGO. THERE WERE SEVERAL NEWS ARTICLES THAT CLEARLY STATED THEY WERE COMPLETING AND FUNDING SOME FEW PROJECTS THAT WHERE ALREADY STARTED AND FUNDED WITHIN THE 2014 BUDGET WITH BORROWED MONIES AND ALL REMAINING PROJECTS WOULD BE MOVED TO THE 2015 BUDGET FOR PASSING AND THE 2015 BUDGET (THIS WAS A EFFORT TO SPEED THINGS UP) WOULD BE AMENDED AND APPROVED IN THE NEXT COUPLE WEEKS. THOSE WEEKS HAVE PASSED AND THE 2015 BUDGET IS IN THE PM HANDS TO BE VOTED ON THIS WEEK.

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December 31st the books close on the year 2014…

January 1st is the NEW FISCAL YEAR for Iraq State Banks…

They have STATED many times that the APPROPRIATE time to lift the zeros is at the START BEGINNING of the new financial year…

NOT in the middle of a months or quarter…

The lower the price of crude oil calculated in budget, the higher the rate will be.

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