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Thursday, October 1, 2015

DINAR GURUS UPDATE, 1 OCT

10-1-2015   Newshound Guru Aggiedad77   Well the Iraqi news this morning is packed with some good stuff, and I'm expecting more to be coming our way as the day and weekend progresses.  We stand on the doorstep of October and we are hoping for some really hefty kinds of effort from Parliament in these first few days of the month.  May they be steady and strong in their efforts to push forward with some very key laws that can have a strong positive impact on the Iraqi economy and their reform efforts as well...rest assured they are moving at speeds we've not thought.  We wait...we watch...we pray for the best...for we know...the BEST is yet to come.

10-1-2015   Newshound Guru Chattels
  Article quote:   "Parliament Speaker Salim al-Jubouri confirmed its support for initiatives aimed to achieve a comprehensive national reconciliation in the country."  Hardly sounds like it is done or a foregone conclusion ...I say, National Reconciliation is a process and NOT AN EVENT! 

10-1-2015   Intel/Newshound Guru Poppy3
   no doubt about the fact that none of these banking laws, international credit rating, any of the goi and cbi regulations would have been needed if the CBI AND IRAQ GOI where not going to RV the dinar.   they could have chosen to just continue to use USD...none of this would be needed.   MEANING TO YOU AND ME THE NEW RATE IS COMING AND WITH THE IMF STATING THEY ARE PREPARING TO LOAN BILLION TO IRAQ THEY MUST KNOW THE NEW RATE IS A FOREGONE CONCLUSION.  REST ASSURED NO RATE NO LOAN FUNDS WILL BE RELEASED.

10-1-2015   Intel/Newshound Guru Mnt Goat
   Article quote:  "...the Commission formally addressed the Presidency of the Council of Representatives to hold a special conference of national reconciliation and the introduction of those who want to contribute to the building the state and the new Iraq..."   Remember this - No reconciliation thus No RV!   I believe Iraq also needs the Investment law and Banking laws (already passed) and this too is holding back the RV but not needed for the “full” reconciliation.  ... there are also economic reforms that the government WOULD LIKE TO PUT IN PLACE too that can ensure a smooth transition to investors and international players doing business in Iraq prior to the RV.

10-1-2015   Newshound Guru Kaperoni   Article quote:  "Prime Minister Haidar Al-Abbadi said, the net oil revenues in next year's budget draft 2016 "100% goes to staff salaries and retirees."    ...all the revenue goes to pay state employees and that is why there is such an urgency now for a market economy to get additional sources of revenue and get citizens off the state payroll.

10-1-2015   Newshound Guru Adam Montana   I think Abadi has done a great job in reshaping the GOI.  Maliki is small potatoes - he's merely a gnat on Abadi's shoelace at this point, and I think Abadi is working behind the scenes on bigger items.  [any news on the HCL?]  Strangely quiet at the moment...I'm hoping that's the best news possible right now.

10-1-2015   Newshound Guru BGG   Article Quotes:  "Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report..."  "According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012."  Here is a very interesting article... shows a legitimate reason why - in the face of such adversity - that major banks and players are still looking to invest in Iraq... essentially - (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame... There's the reason... 

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