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Thursday, June 23, 2016

DINAR GURUS UPDATE, 23 JUNE

6-23-2016   Newshound Guru Shredd   Article quote:  "Governor "Yes, it is unfortunate that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work..."   this is their pilot phase and a pilot happens right before a go-live implementation, really good to see this all fitting together.

6-23-2016  Newshound Guru rcookie
    A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES...THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED...  [Do you think they can get all the laws needed passed in one session?]  YES...I DO ONCE THEY GET BACK...THEY ARE CUED AND WAITING...

6-23-2016  Newshound Guru Stryker   See the IMF loan approval is the start of so many other means that will not only kick start Iraq's economy but will put Iraq into the International Markets, and there is when the CBI will change it's monetary framework more inline with international standards, with a real exchange rate that will be used internationally as described in the Minister of Plannings feasibility study of 2011. And then (IMO) we will see the deletion of the zeros from our hands and transferred into something that we can spend to kick start our own personal economies!  They just need to get all economic reforms launch to get us all there...   [post 2 of 2]

6-23-2016  Newshound Guru Stryker  Article:  "Council Baghdad reveals a halt investment projects in the capital for "lack of " allocations"  This is why they need the IMF SBA loans approved and the other loans that will come from places like the World Bank and other lenders that will follow from this IMF board approval. The many loans will provide Iraq with the much needed funds to kick start payments on the arrears, that then will help give Iraq a better credit rating, that then will give them a better market for their bonds and a sustainable return for those bond investors. The loans will then start these stalled projects, putting people back to work and these loans will help the CBI with their private sector loans as well, that will put even more people back to work.   [post 1 of 2....stay tuned]

6-23-2016   Newshound Guru wmawhite   tariffs are a revenue item...same as the selling of oil. The use of the currency at its true value is only relative to its use outside of the country. In other words, if the IQD is used outside of the country to settle foreign remittances at its current artificial/imposed value then two things take place; 1) the costs of imported goods remain high, and 2) the CBI runs out of IQD because Iraq has to exchange at a 1,000s of times high amount than there are IQD available to the CBI.
 
6-23-2016   Newshound Guru Bondlady    ...the Iraqi people ...now...are taxed with the tariffs making things harder...they need to do something with there currency soon...imo this cant go on much longer and IT WONT...Wink...now that imf and others now in Iraq fixing what these clowns did to the country and people...it didn't happen over night an it will take time to fix...its all moving so quickly now I believe were in the home stretch and finally seeing awesome progress!  IMO.

6-23-2016   Newshound Guru rcookie   THE RAMADAN FESTIVAL OPENS NEXT WEEK AND RUNS FROM JUNE 26TH TO JULY 10TH...AT THE BAGHDAD INTERNATIONAL FAIR...AND FOCUSES ON REGIONAL AND INTERNATIONAL INVESTMENT ONLY...THEY TALK ABOUT CREATING THE ENVIRONMENT FOR PUBLIC & PRIVATE SECTOR PARTNERSHIP AND GATEWAY TO IRAQS NEW AVERSION TO ATTRACT INTERNATIONAL CAPITAL.

6-23-2016   Newshound Guru chattels
   Article quote:  "...the Kurdish bloc put conditions on Abadi's program, including giving the government three months to agree to Kurdish demands."  Abadi is not close to performing according to the "platform" and political agreement that put him in office as a compromise choice.  The Kurds and the Sunni have been complaining for sometime that Abadi is not conforming/performing according to the political agreement.  To my knowledge none of the Kurdish conditions have been addressed by Abadi, which is why I have stated...that the Kurds ARE NOT HAPPY...Nor are the Sunni.

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