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Saturday, December 12, 2015

DINAR GURUS UPDATE, 12 DEC


12-12-2015   Intel Guru Frank26   Article quote:  "...confirmed the Iraqi Central Bank on Saturday, it will put the plan to attract the Iraqi currency chunky in the homes of citizens for the purpose of investment..."  [I’ve been trying to figure out what they mean by chunky.  LD's are coming in CHUNKS.]   Keyword... MASSIVE.  ALSO YOU MUST NOTE FROM NOW ON:  No approvals...No amendments...No passing...No readings...JUST ACTIVATIONS.  Now.

12-12-2015   Newshound Guru rcookie
   Article:  "Jubouri's office announced the budget put forward for a vote in Parliament next Monday ANOTHER CONFIRMATION ANNOUNCEMENT ABOUT BUDGET VOTE FOR 14TH...THIS ONE FROM JABOURI HIMSELF.

12-12-2015   Newshound Guru wmawhite
   ...the IMF announced 3 weeks ago a new MoU with the CBI and expectation of Iraq re-entering the economy markets prior to the first half of 2016.  Regardless of 90 days or no 90 days...the IMF has already stated what their expectations are...that Iraq is going to do something during the first part of 2016.  Done, done and done.  the IMF would never open their mouths...state what they expect Iraq to do unless they have a solid reason to do so.  Of course...if the CBI is in concert with the IMF everything that we are seeing is headed towards those expectations...With all of this said...what is needed by the CBI to "re-enter the economy markets during the first half of 2016?  Answer: a currency that Iraq can conduct international commerce...to do what? Conduct business.  And IMO...this is truly where we are today...we have been told what to expect by the IMF.

12-12-2015   Newshound/Intel Guru BGG  Jubouri's office announced the budget put forward for a vote in Parliament next Monday.  [...you think rate is in the budget...?]  No - I don't, the rate is where it has always been - the CBI, when it is time... they will change it.

12-12-2015   Newshound Guru Millionday
    ...THE BANKING CONFERENCE TO MOVE IRAQ TO THE MARKET IS ON THE 12TH AND 13TH OF THIS MONTH.  IT INCLUDES ALL BANKS AND THEY HAVE ALREADY MET FOR WORKSHOP... HAVE ROLES AND HAVE ALREADY TAKEN STEPS FOR THE MOVE TO THE MARKET.  THE 16TH OF THIS MONTH IS THE HUGE ECONOMIC CONFERENCE WITH ALL EXPERTS AND PROFESSIONALS.

12-12-2015   Newshound Guru Kaperoni   Article:  "Najib: raise 5 trillion dinars from the payment on credit projects in order to reduce budget deficit"    Iraq is really in a bind. I saw a picture the other day of the Kurdistan region, almost all the high rise construction was stopped. Then you add all these provinces that are war zones, and the areas that are not (like Basra), but don't get their share of the budget and you have a real mess. I don't think these articles really tell the whole story of just how dire it has become. Under those circumstances, just how many companies are going to work in Iraq on credit? Especially when they can't even pay the oil companies that are the only source of the their revenue.

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