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Monday, September 28, 2015

DINAR GURUS UPDATE, 28 SEPT

9-28-2015   Newshound Guru Millionday  ABADI IS ATTENDING THE MEETINGS WITH THE UN IN NEW YORK WHICH WILL ADDRESS ALL THE CHALLENGES THAT HAVE CRIPPLED IRAQ IN MANY WAYS.  ...THEY CAN VOTE THROUGH LAWS WITH HIM OUT OF THE COUNTRY... BECAUSE THEY ARE A DEMOCRATIC GOVERNMENT AND THE LAWS BEING VOTED ON ARE IN PARLIAMENT --- THE MINISTERS HAVE ALREADY (QUITE A TIME AGO) HAD THESE LAWS ON THE TABLE -- WHAT IS LEFT IS PARLIAMENT VOTE AND PRINT.

9-28-2015  Newshound Guru firefly    I'm in [Guru] BGG's corner on this one. As soon as corruption is under control...THE SKY IS THE LIMIT!  Which is why the AML [Anti Money Laundering Law] is SOOOOOOOO huge. It is the cornerstone of all the other laws needed for the international community.

9-28-2015   Newshound Guru Millionday   Article quote:  "Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time."  THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE LAW SET AMOUNT...THIS IS HUGE NEWS...THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN.  CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST.  THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET -- THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND.

9-28-2015   Intel Guru TD   Just a few comments from my Kurdish friend (please treat all as rumor and please due your own sound diligence.) The Iraqis and the Kurds are very proud people and some of the articles of challenges they are all facing pale in comparison to the true conditions on the ground. Things are really tough to put it mildly. Abadi is losing support and a sense of "hopelessness" is weighing in on most ordinary citizens. There is talks going on again with the IMF for further help but this time it seems Iraq will not get any. The lack of reforms toward the growth of a public sector economy is reason número uno. Here in the short term it is more likely of a depreciation of the currency rather than an appreciation. Unanimous consensus my amigo says is that any appreciation is a long, long way off, at this point nothing should be anticipated in 2015 & 2016 as well. Way toooo much uncertainty and lack of stability.

9-28-2015   Newshound Guru OOTW   Article quote:   "...Sunday, continuing disputes with the Kurdish parliamentary blocs on the amendment of the Federal Court Act because of the commitment positions since the arrival of law to the House of Representatives."  THE SITUATION WITH THE KURDS IS NOT THAT DISSIMILAR TO WHEN THEY HAVE BOYCOTTED SESSIONS OR LAWS IN THE PAST, IN ORDER TO DRAW ATTENTION TO THEIR OWN CAUSE...  OVER THE PAST TWO MONTHS, WE'VE SEEN THEM STATE THAT THEY'RE NOT GOING TO VOTE FOR THE FEDERAL COURT ACT, ESSENTIALLY, BECAUSE THEY WANT ALL JUDICIAL LAWS PASSED.   THE JUDICIARY NEEDS SWEEPING REFORMS - AND AFTER EID AL-ADHA, I BELIEVE THE PROTESTER'S WILL GO BACK INTO ACTION...THEY'LL NEED TO BE CHANGES TO THE CONSTITUTION AS WELL...I REALLY DO BELIEVE, EVENTUALLY, WE WILL SEE A BIG CHANGE IN THE JUDICIARY, IF NOT THE GOVT, IN ORDER TO ENACT THESE NEEDED REFORMS..TALK AIN'T WORKING ANYMORE...THE PEOPLE WANT ACTION.

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