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Thursday, May 5, 2016

DINAR GURUS UPDATE, 5 MAY

5-5-2016   Newshound Guru Admin  Bob   Article quote:  "the project to delete the zeros will be implemented in early 2017, noting that the bank"  began to develop the first project steps. "he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies."   I believe that has been the plan for some months.  Remember you cannot delete zeros prior to raising the value.  2017 has been the goal for some time.

5-5-2016   Newshound/Intel Guru BGG   [I have a question about...in regards to Abidi forming new 'groups' and ridding the old ones...could the RV take place during this long process of changing such a large formation of 'government'?]   I think that is accurate... RV could take place soon for a lot of reasons - once Abadi has a handle on things.

5-5-2016   Newshound Guru firefly
   Article qutoe:  "The CBI confirmed its intention to remove the remaining exchange restrictions and the MCP, in line with Iraq’s objective of accepting Article III obligations."  Iraq’s objective of accepting Article III obligations.  This is the IMF talking folks!

5-5-2016   Intel/Newshound Guru Poppy3  ABADI HAS GIVEN THEM CHANCE AFTER CHANCE TO DO THEIR JOB. HE HAS MORE PATIENCE THAN I EVER IMAGINED. QUESTION WHEN DOES THE PATIENCE RUN OUT WITH THE ONES STANDING AGAINST THE PEOPLE OR IS THIS ANOTHER PLOY FOR HIM TO WEED OUT OTHERS HE HASN'T BEEN CONVINCED ARE INVOLVED WITH THE CORRUPTION. MAYBE HE IS JUST BEING CAUTIOUS AND THOROUGH. TIME WILL TELL SOON...HE HAS TO ACT TO BE READY FOR THE NEW RATE DURING JUNE.  I DON'T THINK THE IMF WAS JOKING AROUND WHEN THE SET THE TIME FOR REFORM TO BE IN PLACE.
 

5-5-2016   Newshound Guru Islandg1211   Another article stated that the bank reforms were 98% complete as of a week ago. This could also imply that the banking restructure is expected to be complete in May.  I hope this clarifies what different articles have stated about the IMF's scheduled work with Iraq in the month of May.  There are three different topics that are being referred to:Bonds, Banking Restructure, IMF last scheduled review of the LOI steps in their six-month planWhen Frank  [Guru Frank26]  mentioned ...that the IMF stated that everything will be completed in May, and he implied and others are believing, that the IMF is stating that the CBI will RV in May, is not a literal interpretation of the three different IMF's statements regarding May, but his opinion, IMO.  [post 2 of 2]
 
5-5-2016   Newshound Guru Islandg1211   The statements about the IMF "concluding everything in May," is not directly saying that the CBI will RV in May.  There are three different things expected to happen in May between the IMF and the CBI.  The statement is referring to concluding the agreements that started ten days ago with Jack Lew co-signing Iraq's debt and getting them a better credit rating which would allow their international bonds to be issued at a lower than 11% interest rate down to about 4%.  Another reference regarding the IMF "concluding everything in May" statement is the LOI plan for the first half of 2016, which includes the IMF's review of each step of compliance.  The IMF, under the terms of the LOI, has their last scheduled meeting for the end of May.The CBI may have to have that final review of their compliance to the LOI before they can RV. The article is simply saying that their LOI plan for the first half of 2016 will hold the final meeting scheduled under that plan end of May. [post 1 of 2....stay tuned]

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