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Saturday, February 13, 2016

DINAR GURUS UPDATE, 13 FEB

2-13-2016   Newshound Guru rcookie    Press Release Quote:  "The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016."    MANY OF THESE INITIATIVES BEING WORKED ON AT THESE WORKSHOPS...ARE THE VERY THINGS THEY ARE BEING TASKED TO DO WITH IMF LOI/MEFP/TECH MOU...AND THESE WORKSHOPS ARE BUILT STRATEGICALLY AROUND REVIEW PERIODS...IF YOU READ THE 2016 BUDGET...THE VARIOUS LOI/MEFP/TECH MOU'S AND SMP (STAFF MONITORED PROGRAM)...AND THE METAC WORKSHOP AGENDAS....THERE IS ABSOLUTELY NO DOUBT AS TO THE CO-AUTHORING PARTNERSHIP BETWEEN IRAQ AND IMF & WB TOWARD THEIR ECONOMIC & MONETARY REFORM ACTION PLAN.

2-13-2016   Newshound Guru Kaperoni   Article: "Economic parliamentary: financial and monetary situation is controlled and the central bank plans to put the task"    ...we all know parliament has tried to get involved in CBI affairs for a while. And to have them come out now in support of the plan is great news. It for sure puts an end to the controversy of sorts by saying, (I'm paraphrasing) we saw the plan, we understand it and we are in full support of what they are doing.  Which IMO, should put an end to back and forth bickering and different viewpoints.

2-13-2016   Newshound Guru FrostytheSnowman  Article quote:  "Oil prices are rebounding Friday after hitting a low not seen since 2003."    You've aligned yourself in a SWEETHEART position(s) with the LOWEST COST EXTRACTION WINNERS ...as the world's addiction to oil makes it's way towards a new reality...and soon to be...your new reality! Congrats your patience is about to pay off!!!  All in my "frozen" opinion.

2-13-2016   Newshound Guru wmawhite   ...to change a culture of greed and corruption is never accomplished overnight...thankfully, PM Abadi has taken the first steps to make those changes.   here is a question for all of us involved, "do you think that the IMF was aware of these issues back in November 2015 when they stated their expectations was for Iraq to enter the economy market during the 1st half of 2016?"  Answer: OF COURSE THEY WERE AWARE OF THESE ISSUES!

2-13-2016   Intel/Newshound Guru tman23    The market and investors do not like UNCERTAINTY...And uncertainty has hurt both the KRG and GOI.  Barzani said last month that the KRG will have it's government issues solved before the beginning of March. Abadi appears to be on the same fast track with the GOI.   The question becomes...with the reshuffling of the deck in Iraq government positions...how plausible is it to see a change in value of the currency until the new people are seated and the dust settles?

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