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Thursday, April 7, 2016

DINAR GURUS UPDATE, 7 APRIL

4-7-2016   Intel Guru Frank26   Abadi how long have you been telling us about the technocrats and your Cabinet...done...long time ago...ancient history...so what is going...let’s just say they are putting all these pieces together so they can officially come out with a GOI parliamentary structure that says...here we are...along with the Cabinet that represents the leadership of this government...Abadi the Prime Minister...change the direction of the Cabinet...change the direction of Parliament... mission accomplished sir...our TEAMS are focused on one thing...that is the three parts that create the structure of the Monetary Reform of the Iraqi dinar.  I am very seriously looking for it this week...very seriously looking for it in the middle of this month...IMO...  [post 1 of 2....stay tuned]

4-7-2016   Intel/Newshound Guru Mnt Goat
   Article quote:  "The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government..."   ...we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate.  Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.

4-7-2016   Newshound Guru mike   [...realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar?  Even with it pegged versus a basket of currencies?]  That's a tough question... We all know that in order for a currency to have real value you need stability, security and a half way decent economy.   Iraq doesn't have very much of either right now. The next step would be to compare rates for those in the region and other oil producing countries, who's currencies have lost value because of the price of oil. At this point, I couldn't even guess what a "correction" to the dinar might be.  [What we do know is a correction to the dinar sure ain't 1182.]  Agreed...

4-7-2016   Newshound Guru Stryker   The IMF Staff continues their monitoring of progress under their Memorandum of Understanding and has stated that the government is doing its part on financial and economic reforms. Three out of the five items were achieved by the end of 2015 with other outlined reform measures will underway.

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