Friday, January 29, 2016


1-29-2016   Newshound Guru tlm724   Article quote:  "Finance Committee and talked about the possibility for the government amounted to $ 150 billion from the sale of real estate State."  That is saying it could possibly be up to $150 Billion dollars!  ...it is awesome to see some news to get excited about. It is also great to see Iraq think outside the box about selling off this real estate instead of beggin with their dirty hands out lol.   ...I am sure it came at the urging of the IMF!   I am not ashamed to admit that I was shocked at these numbers, that is a boat load of dough and could very well have a huge impact on our investment. 

1-29-2016   Newshound Guru Bondlady
   I did see something today that could be a game changer for us all...you see the IMF keep saying...that they are not negotiating with Iraq per loans at this time right?   Article:  "Officials expect revenues exceeding $100 billion from the sale of 600 thousand state-owned property"  its been in the news...Iraq gov gonna sell off some properties and land to fill the deficit.  whats the deficit like $ 20 billion?   if they do this sale they will receive in excess of 100 billion dollars USD approximately according to their news... the CBI reserves are like 58 billion or so right as of now?  add a 100 billion USD to that after this sale... what if the sale of this real estate was so big a 100 BILLION big...that it made their reserves almost 160 billion hmmmm USD riddle me that batman lol.   think of the repercussions of that huge reserve amounts and to their exchange rates as well as economy and businesses to jump start all the factories and industries...I could see they could set a nice rate or possibly reinstate it but as usual you have to wait it out.

1-29-2016   Newshound Guru  wmawhite
    As told to us by the IMF...Iraq will/expected to join the economy market during the 1st half of 2016...at that time the IQD will be international...everything we are seeing is in response to those expectations.  Otherwise, why do them...they could just do nothing and stay with the USD and stay poor for ever. Every detail that is in the works for this to happen was outlined in the Technical Letter of Agreement/MoU...IMO there are no other required laws for Iraq to join the markets...we can only believe that the value will change because as it enters the market it will have a "rate".  And they will never survive at 1182.  [Not even at 1:1.]   I can agree with...that.

1-29-2016   Newshound Guru  firefly
   Items that needed to be completed ...were...  Not all...most.  There is one more timeline I'm looking at...Not necessarily for the currency shift but an obligation...though nobody knows the date it can now literally happen at any time.

1-29-2016   Newshound Guru Kaperoni    I have talked to several experts in the field of security in Iraq, and discussed the conditions and whether or not it plays a part.  First off, the answer at this point was no.  That 75% of Iraq is stable and secure and waiting on investors including the Kurdistan region.  And second, was that the banks and money in the terrorist areas (mainly Nineveh Province) have been written off as a loss.  That is probably one of the reasons they simply decided to bomb the banks in that area.  So the point I am making...is that it may have some part in the delay, it does not seem to be a concern to those who understand what it takes to get this plan rolling forward.   [post 2 of 2]

1-29-2016   Newshound Guru Kaperoni   We all have our opinions on when the process can begin. I tend to believe the ones in the trough working on the plan. And that is the IMF and CBI. They have made it very clear that Iraq will open to the market first half of 2016. To me, that means Article VIII and freedom of movement of capital will begin within the next 4-5 months. It is do-able IMO, but Iraq needs to continue to make progress each week, getting the banking system up to date, signing agreements, passing laws, etc. We must be reminded that oil revenues are not sufficient to meet the budget (and most importantly the salaries of government employees). This is the motivation to push forward the market economy as soon as possible.  [post 1 of 2....stay tuned]

1-29-2016   Newshound Guru Adam Montana  [What else is needed for Iraq to RV other than HCL being passed/approved and in the Gazette?  In your opinion (any news from your contacts) do you think Iraq will RV their currency in 2016?]   When it comes to the DATE, such as a 2016 chance... I'm currently watching the OIL, which should give us a nice starting gun to begin the HCL race, and the finish line is RV!

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