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Monday, February 1, 2016

DINAR GURUS UPDATE, 1 FEB

2-1-2016   Newshound Guru Butifldrm   [new Guru]   In Iraq always the cart before the horse...you would think that giving the citizens more buying power would help offset the tariffs.    I'm thinking from the articles that I read, that the government thinks the tariffs/taxes will not affect the average citizen...  the majority of people are on ration items and they live a meager existence.  What everyone has to understand...there is no going back on the tariffs...they are signed into law and into the Gazette through the budget.

2-1-2016   Newshound Guru rcookie
   [when do you think these auctions will stop?]  WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP...THEY NEED CURRENCY...THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP...AND RETAILERS USE IQD FOR PURCHASE TRANSACTION PROCESS... [I thought they were trying to dry up the dollar already?] THEY ARE..BUT...LIQUIDITY IS DIRE.  [post 2 of 2]

2-1-2016   Newshound Guru rcookie    I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT...SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES.  [well it is an international bank.] IT IS...BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ...THAT WAS PUT UNDER "GUARDIANSHIP STATUS" IN 2013 TO SUPERVISE THEIR INSOLVENCY...AFTER REHABILITATION & RESTRUCTURING...THAT GUARDIANSHIP WAS LIFTED THE OTHER DAY..ALLOWING THEM TO RE-ENGAGE IN BANKING ACTIVITIES INCLUDING THE AUCTIONS...AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK...WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS.   [post 1 of 2....stay tuned]

2-1-2016  Newshound Guru firefly   The HCL is NOT a requirement for any currency shift.  When the border tariffs are activated I'm pretty darn sure we will see what we have been waiting for!

2-1-2016   Newshound Guru Millionday  ...FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ -- THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS:  “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.”   IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY.  SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ.

2-1-2016  Newshound Guru tlm724
   Article quotes:  "Oil Minister Adel Abdul Mahdi, in his speech at the forum that there is a national agreement on the importance of re-establishing national oil company, according to a deliberate steps legally and economically to return to the normal situation for the oil sector...and that is every citizen shares in this company...and the law of oil and gas that will be passed"  thats very encouraging...in line with what came in the Iraqi constitution, the people are going to get their share of the oil profits finally!  *hallelujah*  awesome to see them move forward!!

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