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Sunday, April 3, 2016

DINAR GURUS UPDATE, 3 APRIL

4-3-2016   Intel/Newshound Guru tman23    ...PM Abadi authorized the Kurdish faction in the Iraqi parliament to send the list of their candidates for ministerial positions in the new cabinet... THIS MEANS THAT ERBIL AND BAGHDAD HAVE A POLITICAL AGREEMENT IN PLACE...ABADI DID NOT DARE PLAY CHICKEN ON THIS ONE WITH ERBIL...THE CLOCK IS TICKING AND ABADI IS ON THE HOT SEAT... VERY GOOD NEWS!

4-3-2016   Newshound Guru mike
  Article:  "Electronic payment reduces the risk of hoarding money"   I think this is a good idea, it would be a great idea if Iraq had the infrastructure to support an electronic payment system.  Let's face it, these guys don't even have electricity 24 hours a day to facilitate these kinds of transactions, let alone the POS system to make it happen.   I'm not saying it's impossible to do this in the ME, Kuwait, Jordan and Isreal all have comprehensive POS systems in place and used regularly, it's not that way in Iraq, at least not yet.  In the end, I see the citizens going to the banks and withdrawing their salaries from the smart cards and converting it into cash and going about their business.  I hope I'm wrong.

4-3-2016   Intel/Newshound Guru tman23  "...After the Iraqi PM Haider al-Abadi presented a list of 16 candidates for the upcoming technocrat cabinet, one of the Kurdish figures dropped out today. Nizar Muhammed Saleem Doski, from the Kurdistan Region, announced his withdrawal from the candidacy for the position of the Iraqi Oil Minister. He explained that with the lack of a political agreement between Erbil and Baghdad, he cannot take the position..."  THE STONEWALLING BEGINS...AND QUESTION IF ABADI IS GOING TO BE ABLE TO IMPLEMENT HIS CABINET WITH IN THE 30 DAYS.

4-3-2016   Newshound Guru rcookie
   THE OIL ARREARS ARE IN THE 2016 BUDGET...AGAIN THATS WHAT MAKES THIS YEAR...AND THIS BUDGET COMPLETELY...COMPLETELY DIFFERENT THAN ANY OTHER...EVER...EVER...

4-3-2016   Intel Guru Delta   Article quotes:  "The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund." "The International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the currency and honoring debts."  I BROUGHT THIS ARTICLE FROM 2012, IT'S VERY CLEAR NOW THAT IN ORDER FOR IRAQ TO GET THE LOAN THEY HAVE TO IMPLEMENT WHAT THE IMF TOLD THEM TO DO, ALSO ONE OF THE REFORM IS THE CURRENCY.  THE IMF SAID THAT THEY WILL GIVE IRAQ $15 B OVER THREE YEARS.  THE FIRST $5B WILL BE BY JUNE, IN ORDER FOR IRAQ TO GET THE MONEY THEY HAVE TO ACT VERY FAST.

4-3-2016   Newshound Guru
 firefly  [...what are they waiting on?]  It will get done when maximum benefit is attained...and NOBODY knows what the exact date is...period.

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