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Tuesday, May 24, 2016

DINAR GURUS UPDATE, 24 MAY

5-24-2016   Intel Guru Frank26   Certifications...SWIFT codes...this is all good.  The BIS told Iraq a long time ago to go ahead and raise their value. The IMF is watching Mosul.   I told you...give me Mosul..and you’ll see INTERNATIONALISM!  ...we believe that is a precursor for the RV of Iraq. When you see Mosul...BOOM!  The confidence in Iraq is changing everything.  Abadi is building confidence in the GOI and the INTERNATIONAL world.  The citizens are pouring back into Iraq with tears of happiness to their homes.  They know about the reforms.    IMO – they are ahead of their time line...we believe they are ahead of the conditions that they agreed too.  Iraq is going through a propaganda campaign with the citizens. The purchasing power is about to change inside of Iraq! In Iraq...a Dinar is a Dinar.  You need to grasp that.  IMO – they will come out at 1 to 1 inside of their country.  Then 3 days later, you’ll take it. They are about to enter the “INTERNATIONAL” world. 

5-24-2016   Newshound Guru mike
   ...Somebody asked me once, "how do you eat an elephant?" I had a couple smart aleck answers but his reply was, "one bite at a time."  For me, that's where the IMF is at with the Iraqi's, one step at a time. We're entering the sixth month of 2016 and Iraq's finances are unraveling on a daily basis. Now that oil has dropped and stayed at such a low level, they're stuck.  If the IMF can clamp down on corruption, implement income taxes and get Iraq on the straight and narrow, it's worth $5 billion to them.  Heck, half of that money Iraq has already contributed to the IMF fund, sure there's risk but with oversight, it diminishes. These guys are still driving the car with no oil in it, at some point it has to dawn on them that change is needed, not for profit, but for survival. Oil is a commodity and they acted like they could ignore basic market principles and the open market economy and it's backfired in a big way. Those days are over, they need long term solutions.  IMO.

5-24-2016   Newshound Guru rcookie   Articles:   "The start of the meeting of the Presidency of the Council of Representatives on Tuesday with the heads of the blocs, but without the presence of Kurdish deputies."   "Kurdistan Alliance: MPs, ministers will not return to Baghdad until after the implementation of the "benefits"..."  Kurds were absent from attending parliament sessions. Abadi meet with 9 ministers only!  KURDS RETURNING TO BAGHDAD WHEN CHECK IS IN THEIR HANDS AND INK IS DRY....

5-24-2016   Newshound Guru Frank26
   The Jordan/Amman meeting...they agreed in principle...(with conditions)...before they could get the loan...so the IMF could then turn it over to the Board of Directors of the IMF.  They had to complete the list for the monetary reform.  Iraq knows that they WILL NOT get the loan unless they complete the list for the monetary reform.  All of that info is on the ARABIC side of the CBI website.  The instructions are all there...and they are implementing them!  So Iraq is moving pretty fast...   I don’t think it we’ll see it this month...but we don’t think they’re going to wait until July either. I believe that Iraq is ready.  The timing is right for them to raise the value/exchange rate.    [post 2 of 2]

5-24-2016   Intel Guru Frank26   They got a LOAN!  IMO -- This loan is the equivalent of Article 8...What is the definition of Article 8?  The completion of their financial reform. The only way they could qualify for the loan is to do the financial reform... They got the loan...a shadow of what they needed to do. All of this to establish a CREDIT RATING. They DO NOT need the money...They DO NOT need the loan...They have more assets up their “wazzoo” then you’ll ever know.   They needed the credit rating...and they got it...and in return they got a little “chump change”.   15 Billion does nothing for them...but establishes a credit rating for them...for the INTERNATIONAL world!  Better credit rating = INTERNATIONAL BONDS = INTERNATIONAL RATE.  [post 1 of 2....stay tuned]

5-24-2016   Intel/Newshound Guru tman23   We see that Kurd region banks have now adjusted their rate to 131,000 IQD per 100 usd...was 128,000 to 100 usd... What we knew was the CBI intentions were to hold at 1305...  ...explaining what it means...Just take it as the KRG region is now exactly what the rest of Iraq is...which means all the banks are on CBI protocols.

5-24-2016   Newshound Guru Chattels
  Article quote:  "The extension of legislative term came into effect since last week, and there is legislation files must legislature accomplish passed quickly within the current chapter."  I have speculated that the extension of the legislative term will be only until the Ramadan recess ( June 5 ).  My belief is that the "current chapter" of Parliament will end on or about June 1.

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