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Tuesday, February 9, 2016

DINAR GURUS UPDATE, 9 FEB

2-9-2016   Newshound Guru OOTW   BREAKING NEWS...IRAQ TO ATTEND CONFERENCE TO DETERMINE THEIR PRICING INDEX.  IRAQ IS ATTENDING AN IMF SPONSORED SEMINAR TO DETERMINE THEIR PRICING INDEX FOR THE METAC REGION.   “IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues“  THIS IS GREAT TO SEE.   THEY NEED TO DETERMINE AND LEARN HOW TO VALUE GOODS FOR SALE IN THE GLOBAL MARKET..OR AT THE VERY LEAST “BORDERING COUNTRIES” – WHICH I BELIEVE IS THE REGION FOR NOW THEY ARE REFERRING TO – BASED ON THE MANY CUSTOMS/TAXES/TARIFFS ARTICLES AND OFFICIAL PRESS RELEASE’S WE’VE SEEN AND ALSO ARAB TRADE AGREEMENTS – THIS IS A FIRST STEP TO RETURNING TO GLOBAL TRADE (AT THE LEAST)….I’M VERY PLEASED ABOUT THIS.

2-9-2016   Newshound Guru wmawhite
  I believe the IMF and the WB know more about Iraq than the Iraqis...and never before has the IMF stated very clearly what their expectations are for Iraq...and they did it ...and then they followed up with two documents outlining step by step as to what is being accomplished...and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.  [post 2 of 2] 

2-9-2016   Newshound Guru wmawhite   The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.  This Technical LoI/MoU was written in November 2015 and published in December...well by the time we saw it...those two items to be accomplished by the end of February HAD already be completed.  They were the Investment Law and the AML Law.  The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.  [...so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]  I am waiting on Iraq to enter the markets during the 1st half of 2016.  [post 1 of 2....stay tuned]

2-9-2016  Newshound Guru Millionday   [So Does Reform include to Revalue the currency?]  THE REQUIREMENTS LISTED BY THE IMF OR SHOULD I SAY ORDERS TO BE DONE DO INCLUDE THE REMOVAL OF THE DISTORTED RATE AND COMPLIANCE WITH INTERNATIONAL STANDARDS -- THIS WOULD BE THE CALCULATION OF THE TRUE VALUE IMO.   [removal of all distortions of exchange rate...does that mean that they will give the real rate?]  IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE -- ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR) TO BE DONE. GOODNESS THIS IS EXCITING AND IT HAS BEEN A LONG TIME ...SEEING SOMETHING LIKE THIS IN A FORMAL DOCUMENT... [post 2 of 2]

2-9-2016  Newshound Guru Millionday   IMF Report quotes:  "The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions..."As a first step, the government will, by end February 2016, draft and adopt a by-law to set up a mechanism to comply with the relevant AML/CFT international standards."  PEG TO USD AND REMOVE EXCHANGE RATE DISTORTIONS AS THIS WILL SEND A POSITIVE MESSAGE TO INVESTORS --- THAT WOULD MEAN THAT INTERNATIONAL INVESTORS WOULD BE ABLE TO TRADE.  THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE.  THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE.

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