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Thursday, July 21, 2016

DINAR GURUS UPDATE, 21 JULY

-21-2016   Intel Guru Frank26    The United Nations did not meet in April or May...it bummed us out because it gave us less hope for...July...but we are excited because the UN is meeting with Iraq now...IMO...they are meeting with Iraq because of what they are doing to remove Article 8...we want to see things faster...but this is a logical approach and...there are a ton of moving parts…and as far as what is going on with the Iraqi Stock Exchange and the IEX...there are things that are going on with currencies that we don’t need to talk about…Why would a company sign with Iraq if they didn’t think they were going to get their rate of return back...   [post 1 of 2....stay tuned]

7-21-2016   Newshound Guru Millionday
   WE HAVE AN IRAQI BANKING MEETING ON THE 23RD AND ALSO HAVE THE US ALONG WITH MANY OTHERS -- BUILDING A POLICING FORCE FOR IRAQ -- ALL GREAT ACTION AND NEEDED...WE WILL WATCH ISX CLOSELY ALONG WITH CBI ETC...PARLIAMENT IS MEETING ALL WEEK...LOTS OF GREAT NEWS OUT.

7-21-2016   Newshound Guru Islandg1211   ...while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE - the SBA/Marshall Plan, and for liberating Mosul.  IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE... When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year.  THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT "AS A FIRST STEP" THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well.  [post 2 of 2]

7-21-2016   Newshound Guru Islandg1211  WHY DID WE NOT SEE THE RV "BY MID-YEAR"?  NONE OF THE REFORMS that had been planned got done in the first half of the year.  PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS. THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT.  I'm still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN.  A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries' aid, Private sector loans, Bond sales, Deferred Paris Debt.   ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED.   ...the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV...  [post 1 of 2....stay tuned]

7-21-2016   Newshound Guru Adam Montana    Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about - they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do... the CBI is the only thing that can change the rate. That's where we are...Final thought....GO HCL!   [post 3 of 3]

7-21-2016   Newshound Guru Adam Montana    When it comes time to RV, Iraq itself isn't even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will "push the button", nor will Shabibi or the IMF. In fact...an article earlier...shows exactly how little the IMF has to do with anything... they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI - Central Bank of Iraq. And the reason why is extremely simple - because THEY are the ones that regulate and operate the auctions, which is where the rate is set.  That's it. End of story.   [post 2 of 3....stay tuned]

7-21-2016   Newshound Guru Adam Montana   As of today, we do not have an RV.  I believe that's because we don't have an HCL, but this isn't an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through... it's just not happening as fast as we want. Since we can't control the HCL, or the rate of the IQD for that matter, let's focus for a minute on something that we CAN explain... "Who, or what, exactly, controls the rate of the IQD?"   In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let's break this down, and we will all walk away better educated!  [post 1 of 3....stay tuned]

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